MidWestOne Financial Group Inc. grew its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 56.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,725 shares of the transportation company's stock after acquiring an additional 20,846 shares during the period. MidWestOne Financial Group Inc.'s holdings in Delta Air Lines were worth $2,932,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. MML Investors Services LLC lifted its stake in Delta Air Lines by 18.4% in the 3rd quarter. MML Investors Services LLC now owns 71,389 shares of the transportation company's stock worth $3,626,000 after purchasing an additional 11,094 shares in the last quarter. Orion Portfolio Solutions LLC boosted its holdings in shares of Delta Air Lines by 14.0% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 19,541 shares of the transportation company's stock worth $992,000 after purchasing an additional 2,401 shares during the period. XTX Topco Ltd increased its position in shares of Delta Air Lines by 31.8% during the 3rd quarter. XTX Topco Ltd now owns 34,782 shares of the transportation company's stock valued at $1,767,000 after purchasing an additional 8,402 shares during the last quarter. National Bank of Canada FI raised its holdings in Delta Air Lines by 6.6% during the 3rd quarter. National Bank of Canada FI now owns 375,503 shares of the transportation company's stock valued at $19,072,000 after buying an additional 23,205 shares during the period. Finally, EP Wealth Advisors LLC boosted its stake in Delta Air Lines by 415.1% during the third quarter. EP Wealth Advisors LLC now owns 34,427 shares of the transportation company's stock worth $1,749,000 after buying an additional 27,743 shares during the period. Hedge funds and other institutional investors own 69.93% of the company's stock.
Insider Activity
In related news, EVP Alain Bellemare sold 19,490 shares of the firm's stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $55.26, for a total value of $1,077,017.40. Following the completion of the transaction, the executive vice president now owns 121,961 shares in the company, valued at $6,739,564.86. This trade represents a 13.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Joanne D. Smith sold 3,431 shares of the business's stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $50.46, for a total value of $173,128.26. Following the sale, the executive vice president now owns 108,990 shares in the company, valued at approximately $5,499,635.40. The trade was a 3.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 140,240 shares of company stock worth $8,044,893. Insiders own 0.96% of the company's stock.
Delta Air Lines Stock Up 0.6 %
Delta Air Lines stock traded up $0.36 during mid-day trading on Tuesday, reaching $62.62. 4,749,702 shares of the company were exchanged, compared to its average volume of 9,235,517. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. The firm has a market cap of $40.41 billion, a P/E ratio of 8.65, a PEG ratio of 1.23 and a beta of 1.35. The business has a fifty day moving average of $58.45 and a 200 day moving average of $49.99. Delta Air Lines, Inc. has a 12-month low of $36.34 and a 12-month high of $67.50.
Delta Air Lines (NYSE:DAL - Get Free Report) last posted its earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.02). Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The company had revenue of $15.68 billion during the quarter, compared to analysts' expectations of $14.65 billion. During the same quarter last year, the firm earned $2.03 EPS. Delta Air Lines's revenue for the quarter was up 1.2% on a year-over-year basis. Research analysts anticipate that Delta Air Lines, Inc. will post 6.08 earnings per share for the current fiscal year.
Delta Air Lines Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Thursday, October 10th. Delta Air Lines's payout ratio is presently 8.33%.
Analysts Set New Price Targets
A number of equities analysts recently commented on DAL shares. Citigroup lifted their price target on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft increased their price target on Delta Air Lines from $60.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Susquehanna boosted their price objective on Delta Air Lines from $50.00 to $59.00 and gave the company a "positive" rating in a report on Wednesday, October 9th. TD Cowen increased their target price on Delta Air Lines from $59.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $83.00 target price on shares of Delta Air Lines in a research note on Friday, November 15th. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $75.83.
Read Our Latest Stock Analysis on Delta Air Lines
About Delta Air Lines
(
Free Report)
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.
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