Empowered Funds LLC Grows Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Empowered Funds LLC increased its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 18.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 338,331 shares of the transportation company's stock after acquiring an additional 52,775 shares during the quarter. Empowered Funds LLC owned about 0.05% of Delta Air Lines worth $17,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Future Financial Wealth Managment LLC purchased a new position in shares of Delta Air Lines during the third quarter valued at approximately $25,000. Kimelman & Baird LLC purchased a new position in Delta Air Lines during the second quarter valued at $31,000. Ashton Thomas Securities LLC bought a new stake in Delta Air Lines in the third quarter worth $31,000. Strategic Financial Concepts LLC purchased a new stake in shares of Delta Air Lines in the second quarter worth $36,000. Finally, Unique Wealth Strategies LLC bought a new position in shares of Delta Air Lines during the second quarter valued at $40,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of Delta Air Lines stock in a transaction on Friday, November 8th. The shares were sold at an average price of $60.62, for a total value of $1,305,148.60. Following the sale, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,197,608.72. The trade was a 52.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Allison C. Ausband sold 7,510 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total transaction of $470,276.20. Following the transaction, the executive vice president now directly owns 58,897 shares of the company's stock, valued at $3,688,130.14. This trade represents a 11.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 140,240 shares of company stock valued at $8,044,893 over the last ninety days. 0.96% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on DAL. Bank of America increased their price objective on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, October 11th. TD Cowen raised their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a "buy" rating in a research report on Tuesday. JPMorgan Chase & Co. increased their target price on Delta Air Lines from $68.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, October 11th. Jefferies Financial Group boosted their price target on Delta Air Lines from $58.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $83.00 price objective on shares of Delta Air Lines in a research report on Friday. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $71.22.

Delta Air Lines Stock Performance

NYSE DAL traded down $0.78 on Friday, hitting $64.07. 9,803,567 shares of the company traded hands, compared to its average volume of 9,398,935. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05. The business's 50 day moving average price is $52.62 and its 200-day moving average price is $48.62. The company has a market capitalization of $41.34 billion, a price-to-earnings ratio of 9.01, a P/E/G ratio of 1.23 and a beta of 1.33. Delta Air Lines, Inc. has a 52-week low of $35.28 and a 52-week high of $66.25.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.52 by ($0.02). The company had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.65 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The company's revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.03 earnings per share. Equities analysts expect that Delta Air Lines, Inc. will post 6.07 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Thursday, October 10th. Delta Air Lines's dividend payout ratio is currently 8.33%.

Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.