New Millennium Group LLC Has $1.85 Million Holdings in Delta Air Lines, Inc. (NYSE:DAL)

New Millennium Group LLC grew its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 314.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,460 shares of the transportation company's stock after acquiring an additional 27,654 shares during the period. Delta Air Lines comprises 1.2% of New Millennium Group LLC's portfolio, making the stock its 21st largest holding. New Millennium Group LLC's holdings in Delta Air Lines were worth $1,852,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jupiter Asset Management Ltd. acquired a new stake in Delta Air Lines during the 2nd quarter valued at $60,217,000. Dimensional Fund Advisors LP grew its position in shares of Delta Air Lines by 12.5% during the second quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company's stock worth $471,330,000 after acquiring an additional 1,105,674 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Delta Air Lines by 419.5% in the third quarter. Janney Montgomery Scott LLC now owns 562,129 shares of the transportation company's stock valued at $28,551,000 after purchasing an additional 453,926 shares during the period. American Century Companies Inc. grew its stake in shares of Delta Air Lines by 159.8% in the second quarter. American Century Companies Inc. now owns 588,436 shares of the transportation company's stock worth $27,915,000 after purchasing an additional 361,942 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Delta Air Lines by 28.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,595,203 shares of the transportation company's stock valued at $81,020,000 after purchasing an additional 358,082 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company's stock.

Analyst Ratings Changes

DAL has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Delta Air Lines from $68.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, October 11th. Sanford C. Bernstein boosted their price objective on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an "outperform" rating in a report on Tuesday, October 8th. 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 note on Thursday, November 14th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $83.00 price objective on shares of Delta Air Lines in a report on Friday. Finally, Jefferies Financial Group upped their price objective on Delta Air Lines from $58.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Delta Air Lines has an average rating of "Buy" and an average target price of $71.22.

Insiders Place Their Bets

In other Delta Air Lines news, CEO Edward H. Bastian sold 68,000 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $56.33, for a total value of $3,830,440.00. Following the completion of the sale, the chief executive officer now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP William C. Carroll sold 21,530 shares of the business's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the sale, the senior vice president now owns 19,756 shares of the company's stock, valued at approximately $1,197,608.72. The trade was a 52.15 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,240 shares of company stock valued at $8,044,893. 0.96% of the stock is owned by company insiders.

Delta Air Lines Stock Up 2.4 %

NYSE DAL traded up $1.52 on Tuesday, hitting $64.76. The stock had a trading volume of 9,771,421 shares, compared to its average volume of 9,388,256. The stock has a market cap of $41.79 billion, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of 1.22 and a beta of 1.33. Delta Air Lines, Inc. has a 52-week low of $35.46 and a 52-week high of $66.25. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34. The business's fifty day moving average price is $53.45 and its 200 day moving average price is $48.78.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $14.65 billion. During the same period in the previous year, the business earned $2.03 earnings per share. The business's revenue for the quarter was up 1.2% on a year-over-year basis. Equities research analysts anticipate that Delta Air Lines, Inc. will post 6.07 earnings per share for the current year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Thursday, October 10th. Delta Air Lines's dividend payout ratio (DPR) is 8.33%.

Delta Air Lines Company 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.