Delta Air Lines, Inc. (NYSE:DAL) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC increased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 12.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 169,056 shares of the transportation company's stock after purchasing an additional 19,350 shares during the quarter. Natixis Advisors LLC's holdings in Delta Air Lines were worth $8,587,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Senator Investment Group LP increased its position in shares of Delta Air Lines by 90.0% in the second quarter. Senator Investment Group LP now owns 475,000 shares of the transportation company's stock worth $22,534,000 after acquiring an additional 225,000 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in Delta Air Lines by 5.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 268,636 shares of the transportation company's stock valued at $13,644,000 after purchasing an additional 13,802 shares in the last quarter. KBC Group NV increased its holdings in Delta Air Lines by 143.7% in the 3rd quarter. KBC Group NV now owns 56,611 shares of the transportation company's stock valued at $2,876,000 after purchasing an additional 33,378 shares in the last quarter. Olstein Capital Management L.P. raised its position in Delta Air Lines by 32.6% in the third quarter. Olstein Capital Management L.P. now owns 175,000 shares of the transportation company's stock valued at $8,888,000 after purchasing an additional 43,000 shares during the period. Finally, River Road Asset Management LLC lifted its stake in shares of Delta Air Lines by 22.8% during the third quarter. River Road Asset Management LLC now owns 130,608 shares of the transportation company's stock worth $6,634,000 after purchasing an additional 24,249 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 news, CEO Edward H. Bastian sold 68,000 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer now directly owns 439,819 shares of the company's stock, valued at approximately $24,775,004.27. This trade represents a 13.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joanne D. Smith sold 3,431 shares of Delta Air Lines stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $50.46, for a total transaction 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. This represents a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 140,240 shares of company stock worth $8,044,893 in the last ninety days. 0.96% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Sanford C. Bernstein raised their target price on Delta Air Lines from $62.00 to $65.00 and gave the company an "outperform" rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday. Bank of America upped their target price on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, October 11th. Jefferies Financial Group boosted their price objective on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Finally, Susquehanna raised their target price on Delta Air Lines from $50.00 to $59.00 and gave the company a "positive" rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Delta Air Lines currently has an average rating of "Buy" and an average price target of $72.75.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock remained flat at $63.34 during trading hours on Friday. 6,253,340 shares of the stock were exchanged, compared to its average volume of 9,383,750. Delta Air Lines, Inc. has a one year low of $35.46 and a one year high of $66.25. The business's 50 day moving average price is $54.65 and its 200 day moving average price is $49.08. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $40.87 billion, a PE ratio of 8.78, a P/E/G ratio of 1.23 and a beta of 1.33.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.52 by ($0.02). The business 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 prior year, the business earned $2.03 EPS. On average, sell-side analysts predict that Delta Air Lines, Inc. will post 6.07 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.95%. 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.