Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by EULAV Asset Management

EULAV Asset Management lessened its stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 17.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 48,000 shares of the transportation company's stock after selling 10,000 shares during the quarter. EULAV Asset Management's holdings in Delta Air Lines were worth $2,438,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Future Financial Wealth Managment LLC bought a new stake in Delta Air Lines during the third quarter valued at $25,000. Kimelman & Baird LLC bought a new stake in Delta Air Lines during the second quarter worth $31,000. Ashton Thomas Securities LLC purchased a new position in Delta Air Lines in the third quarter valued at approximately $31,000. Strategic Financial Concepts LLC bought a new position in Delta Air Lines during the second quarter worth about $36,000. Finally, Unique Wealth Strategies LLC purchased a new stake in Delta Air Lines during the 2nd quarter worth about $40,000. Institutional investors own 69.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DAL shares. JPMorgan Chase & Co. upped their target price on Delta Air Lines from $68.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, October 11th. Bank of America lifted their price objective on Delta Air Lines from $55.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, October 11th. Susquehanna boosted their price target on Delta Air Lines from $50.00 to $59.00 and gave the stock a "positive" rating in a research note on Wednesday, October 9th. Barclays raised their target price on Delta Air Lines from $60.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $83.00 target price on shares of Delta Air Lines in a report on Friday, November 15th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $71.22.

Insiders Place Their Bets

In other Delta Air Lines news, EVP Alain Bellemare sold 19,490 shares of the firm's stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $55.26, for a total transaction of $1,077,017.40. Following the transaction, the executive vice president now directly owns 121,961 shares of the company's stock, valued at approximately $6,739,564.86. This trade represents a 13.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP William C. Carroll sold 21,530 shares of the firm's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the completion of the sale, the senior vice president now owns 19,756 shares of the company's stock, valued at $1,197,608.72. This trade represents a 52.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,240 shares of company stock valued at $8,044,893 in the last ninety days. Insiders own 0.96% of the company's stock.

Delta Air Lines Trading Down 1.7 %

Delta Air Lines stock traded down $1.11 during mid-day trading on Wednesday, hitting $63.64. The company's stock had a trading volume of 10,842,092 shares, compared to its average volume of 9,395,207. The stock's fifty day moving average is $53.88 and its two-hundred day moving average is $48.88. Delta Air Lines, Inc. has a 1 year low of $35.46 and a 1 year high of $66.25. 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 firm has a market capitalization of $41.07 billion, a PE ratio of 8.99, a price-to-earnings-growth ratio of 1.22 and a beta of 1.33.

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 for the quarter, missing analysts' consensus estimates of $1.52 by ($0.02). The business had revenue of $15.68 billion during the quarter, compared to analyst estimates 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 for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.03 EPS. On average, analysts anticipate that Delta Air Lines, Inc. will post 6.07 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were issued a dividend of $0.15 per share. 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 (DPR) is presently 8.33%.

About Delta Air Lines

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.