Delta Air Lines, Inc. (NYSE:DAL) Shares Acquired by Intellectus Partners LLC

Intellectus Partners LLC raised its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 25.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 56,887 shares of the transportation company's stock after buying an additional 11,669 shares during the period. Intellectus Partners LLC's holdings in Delta Air Lines were worth $2,889,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DAL. Huntington National Bank boosted its position in shares of Delta Air Lines by 2.9% during 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 last quarter. Armstrong Advisory Group Inc. grew its stake in shares of Delta Air Lines by 13.8% in the third quarter. Armstrong Advisory Group Inc. now owns 1,645 shares of the transportation company's stock worth $84,000 after acquiring an additional 200 shares during the period. Oakworth Capital Inc. grew its position in Delta Air Lines by 16.9% in the 3rd quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company's stock worth $72,000 after purchasing an additional 204 shares during the period. Total Investment Management Inc. increased its position in Delta Air Lines by 3.0% during the third quarter. Total Investment Management Inc. now owns 7,357 shares of the transportation company's stock valued at $374,000 after acquiring an additional 212 shares during the last quarter. Finally, HBK Sorce Advisory LLC lifted its holdings in Delta Air Lines by 4.0% in the first quarter. HBK Sorce Advisory LLC now owns 5,772 shares of the transportation company's stock valued at $276,000 after acquiring an additional 221 shares during the period. 69.93% of the stock is owned by institutional investors.

Insider Transactions at Delta Air Lines

In related news, CEO Edward H. Bastian sold 68,000 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $56.33, for a total value of $3,830,440.00. Following the completion of the transaction, the chief executive officer now directly owns 439,819 shares of the company's stock, valued at approximately $24,775,004.27. This represents a 13.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alain Bellemare sold 19,490 shares of Delta Air Lines 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 sale, the executive vice president now directly owns 121,961 shares in the company, valued at approximately $6,739,564.86. This trade represents a 13.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 140,240 shares of company stock worth $8,044,893. Insiders own 0.96% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on DAL. TD Cowen boosted their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday. BNP Paribas upgraded Delta Air Lines to a "strong-buy" rating in a research report on Thursday, September 19th. JPMorgan Chase & Co. boosted their price objective on shares of Delta Air Lines from $68.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, October 11th. Bank of America increased their price target on Delta Air Lines from $55.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, October 11th. Finally, Sanford C. Bernstein raised their price target on Delta Air Lines from $62.00 to $65.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $71.22.

Delta Air Lines Stock Down 1.2 %

Shares of NYSE DAL traded down $0.78 during midday trading on Friday, reaching $64.07. 9,803,567 shares of the company's stock traded hands, compared to its average volume of 9,398,935. The company has a market cap 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 one year low of $35.28 and a one year high of $66.25. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05. The stock's 50 day simple moving average is $52.62 and its 200-day simple moving average is $48.62.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued 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 company had revenue of $15.68 billion for the quarter, compared to analysts' expectations of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.03 earnings per share. On average, analysts predict that Delta Air Lines, Inc. will post 6.07 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date 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.