Delta Air Lines, Inc. (NYSE:DAL) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC raised its stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 908.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 100,982 shares of the transportation company's stock after purchasing an additional 90,970 shares during the quarter. Intech Investment Management LLC's holdings in Delta Air Lines were worth $5,129,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in DAL. Huntington National Bank raised its holdings in Delta Air Lines by 2.9% in the third quarter. Huntington National Bank now owns 6,679 shares of the transportation company's stock valued at $339,000 after buying an additional 189 shares during the period. Armstrong Advisory Group Inc. raised its stake in shares of Delta Air Lines by 13.8% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 1,645 shares of the transportation company's stock valued at $84,000 after acquiring an additional 200 shares during the period. Oakworth Capital Inc. lifted its holdings in shares of Delta Air Lines by 16.9% during the 3rd quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company's stock valued at $72,000 after acquiring an additional 204 shares in the last quarter. Total Investment Management Inc. boosted its position in Delta Air Lines by 3.0% during the 3rd quarter. Total Investment Management Inc. now owns 7,357 shares of the transportation company's stock worth $374,000 after purchasing an additional 212 shares during the period. Finally, Van ECK Associates Corp increased its holdings in Delta Air Lines by 6.0% in the 3rd quarter. Van ECK Associates Corp now owns 4,198 shares of the transportation company's stock valued at $229,000 after purchasing an additional 239 shares in the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Delta Air Lines

In related news, EVP Alain Bellemare sold 19,490 shares of the company's stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $55.26, for a total transaction of $1,077,017.40. Following the completion of the transaction, the executive vice president now directly owns 121,961 shares in the company, valued at $6,739,564.86. This represents a 13.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Edward H. Bastian sold 68,000 shares of the firm's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $56.33, for a total value of $3,830,440.00. Following the completion of the sale, the chief executive officer now owns 439,819 shares in the company, valued at $24,775,004.27. The trade was a 13.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 140,240 shares of company stock worth $8,044,893. 0.96% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on DAL. Barclays boosted their price target on Delta Air Lines from $60.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. Sanford C. Bernstein boosted their target price on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 8th. BNP Paribas raised shares of Delta Air Lines to a "strong-buy" rating in a report on Thursday, September 19th. TD Cowen boosted their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Finally, Susquehanna upped their price objective on shares of Delta Air Lines from $50.00 to $59.00 and gave the company a "positive" rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $72.75.

Delta Air Lines Stock Performance

DAL stock opened at $63.34 on Friday. The stock's 50 day simple moving average is $55.01 and its 200 day simple moving average is $49.15. Delta Air Lines, Inc. has a 12-month low of $35.46 and a 12-month high of $66.25. The firm has a market cap of $40.87 billion, a P/E ratio of 8.80, a P/E/G ratio of 1.20 and a beta of 1.33. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its earnings results 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). Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The business had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.65 billion. During the same period last year, the company posted $2.03 earnings per share. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities research analysts predict that Delta Air Lines, Inc. will post 6.07 EPS for the current year.

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Thursday, October 10th. Delta Air Lines's dividend payout ratio (DPR) is presently 8.33%.

Delta Air Lines 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.