Delta Air Lines, Inc. (NYSE:DAL) Shares Bought by National Bank of Canada FI

National Bank of Canada FI raised its stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 6.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 375,503 shares of the transportation company's stock after purchasing an additional 23,205 shares during the period. National Bank of Canada FI owned 0.06% of Delta Air Lines worth $19,072,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in DAL. Pzena Investment Management LLC bought a new position in Delta Air Lines during the third quarter valued at approximately $281,206,000. Castle Hook Partners LP purchased a new stake in shares of Delta Air Lines during the 3rd quarter worth approximately $189,296,000. Jupiter Asset Management Ltd. bought a new position in shares of Delta Air Lines during the 2nd quarter valued at approximately $60,217,000. Dimensional Fund Advisors LP grew its holdings in shares of 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 valued at $471,330,000 after purchasing an additional 1,105,674 shares in the last quarter. Finally, Sanders Capital LLC increased its position in Delta Air Lines by 2.8% in the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company's stock worth $1,414,074,000 after purchasing an additional 749,099 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company's stock.

Delta Air Lines Trading Up 0.8 %

DAL stock traded up $0.51 during trading on Tuesday, hitting $62.77. The company had a trading volume of 6,552,029 shares, compared to its average volume of 9,245,335. The firm has a market capitalization of $40.50 billion, a P/E ratio of 8.72, a PEG ratio of 1.23 and a beta of 1.35. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05. Delta Air Lines, Inc. has a 52-week low of $36.34 and a 52-week high of $67.50. The company has a 50 day simple moving average of $58.45 and a 200-day simple moving average of $49.99.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its earnings results on Thursday, October 10th. The transportation company reported $1.50 EPS 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 business's revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $2.03 earnings per share. As a group, research analysts forecast that Delta Air Lines, Inc. will post 6.08 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The company 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 of this dividend was Thursday, October 10th. Delta Air Lines's payout ratio is 8.33%.

Analyst Ratings Changes

Several research firms have commented on DAL. UBS Group reiterated a "buy" rating and set a $88.00 price objective on shares of Delta Air Lines in a research report on Tuesday, November 26th. Susquehanna increased their price target on shares of Delta Air Lines from $50.00 to $59.00 and gave the company a "positive" rating in a report on Wednesday, October 9th. The Goldman Sachs Group reiterated a "buy" rating and issued a $83.00 price target on shares of Delta Air Lines in a research report on Friday, November 15th. Barclays upped their price objective 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. Finally, TD Cowen lifted their target price on Delta Air Lines from $59.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. One investment 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $75.83.

Insider Activity

In other news, EVP Joanne D. Smith sold 3,431 shares of the business's stock in a transaction on Friday, October 11th. The stock was sold at an average price of $50.46, for a total value of $173,128.26. Following the completion of the transaction, the executive vice president now directly owns 108,990 shares of the company's stock, valued at approximately $5,499,635.40. The trade was a 3.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Alain Bellemare sold 19,490 shares of the firm's stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $55.26, for a total value 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. The trade was 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. Company insiders own 0.96% of the company's stock.

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.