MML Investors Services LLC increased its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 18.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,389 shares of the transportation company's stock after buying an additional 11,094 shares during the quarter. MML Investors Services LLC's holdings in Delta Air Lines were worth $3,626,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Sanders Capital LLC raised its holdings in shares of Delta Air Lines by 2.8% during the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company's stock valued at $1,414,074,000 after acquiring an additional 749,099 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Delta Air Lines by 12.5% in the second quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company's stock worth $471,330,000 after buying an additional 1,105,674 shares during the period. Pzena Investment Management LLC purchased a new stake in Delta Air Lines in the third quarter worth about $281,206,000. Castle Hook Partners LP purchased a new position in shares of Delta Air Lines during the 3rd quarter worth approximately $189,296,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Delta Air Lines by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,497,487 shares of the transportation company's stock worth $177,637,000 after acquiring an additional 10,332 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company's stock.
Insider Activity at Delta Air Lines
In other Delta Air Lines news, CEO Edward H. Bastian sold 68,000 shares of the firm's stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $56.33, for a total transaction of $3,830,440.00. Following the sale, the chief executive officer now directly owns 439,819 shares of the company's stock, valued at $24,775,004.27. This trade represents a 13.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Allison C. Ausband sold 7,510 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total value of $470,276.20. Following the completion of the transaction, the executive vice president now directly owns 58,897 shares of the company's stock, valued at approximately $3,688,130.14. This trade represents a 11.31 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,240 shares of company stock worth $8,044,893. Corporate insiders own 0.96% of the company's stock.
Delta Air Lines Stock Performance
Shares of DAL traded down $0.11 during mid-day trading on Friday, hitting $61.52. 5,835,554 shares of the company traded hands, compared to its average volume of 9,217,805. The stock has a market cap of $39.70 billion, a price-to-earnings ratio of 8.54, a P/E/G ratio of 1.21 and a beta of 1.35. The stock has a 50-day moving average price of $59.53 and a two-hundred day moving average price of $50.30. Delta Air Lines, Inc. has a 1 year low of $36.34 and a 1 year high of $67.50. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39.
Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.02). The firm had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The business's revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.03 EPS. Equities analysts anticipate that Delta Air Lines, Inc. will post 6.08 earnings per share for the current year.
Delta Air Lines Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid a $0.15 dividend. The ex-dividend date was Thursday, October 10th. This represents a $0.60 annualized dividend and a dividend yield of 0.98%. Delta Air Lines's dividend payout ratio (DPR) is 8.33%.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on DAL shares. Barclays lifted their price target on Delta Air Lines from $60.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. BNP Paribas raised shares of Delta Air Lines to a "strong-buy" rating in a research report on Thursday, September 19th. The Goldman Sachs Group restated a "buy" rating and issued a $83.00 price objective on shares of Delta Air Lines in a report on Friday, November 15th. Citigroup boosted their price target on Delta Air Lines from $65.00 to $76.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Finally, Jefferies Financial Group raised their price objective on Delta Air Lines from $58.00 to $72.00 and gave the company a "buy" rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $75.83.
Get Our Latest Stock Analysis on DAL
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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