Everence Capital Management Inc. Sells 11,420 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Everence Capital Management Inc. reduced its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 37.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,150 shares of the transportation company's stock after selling 11,420 shares during the quarter. Everence Capital Management Inc.'s holdings in Delta Air Lines were worth $973,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Senator Investment Group LP lifted its holdings in 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 valued at $22,534,000 after buying an additional 225,000 shares during the period. Maryland State Retirement & Pension System boosted its position in shares of Delta Air Lines by 2.8% during the 1st quarter. Maryland State Retirement & Pension System now owns 50,358 shares of the transportation company's stock valued at $2,384,000 after purchasing an additional 1,362 shares in the last quarter. RFG Advisory LLC acquired a new stake in Delta Air Lines during the first quarter worth approximately $1,108,000. Norden Group LLC grew its stake in Delta Air Lines by 714.1% during the first quarter. Norden Group LLC now owns 112,048 shares of the transportation company's stock worth $5,364,000 after purchasing an additional 98,285 shares during the period. Finally, Inspire Investing LLC bought a new stake in Delta Air Lines in the first quarter worth approximately $907,000. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Stock Down 1.3 %

Delta Air Lines stock traded down $0.70 during trading on Monday, hitting $55.10. 6,866,949 shares of the company were exchanged, compared to its average volume of 9,513,424. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. The business's 50 day moving average is $45.81 and its 200 day moving average is $47.15. Delta Air Lines, Inc. has a 52 week low of $30.60 and a 52 week high of $56.48. The company has a market capitalization of $35.56 billion, a P/E ratio of 7.93, a PEG ratio of 0.98 and a beta of 1.35.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.02). Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The firm had revenue of $15.68 billion during the quarter, compared to analysts' expectations of $14.65 billion. During the same quarter in the prior year, the company earned $2.03 EPS. The business's revenue for the quarter was up 1.2% on a year-over-year basis. Analysts predict that Delta Air Lines, Inc. will post 6.17 earnings per share for the current year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be paid a $0.15 dividend. The ex-dividend date is Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.09%. Delta Air Lines's payout ratio is presently 8.63%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Jefferies Financial Group raised their price objective on shares of Delta Air Lines from $56.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, October 2nd. Barclays raised their price target on shares of Delta Air Lines from $52.00 to $60.00 and gave the stock an "overweight" rating in a report on Friday, October 11th. Susquehanna lifted their price target on shares of Delta Air Lines from $50.00 to $59.00 and gave the company a "positive" rating in a research note on Wednesday, October 9th. BNP Paribas raised shares of Delta Air Lines to a "strong-buy" rating in a research report on Thursday, September 19th. Finally, Sanford C. Bernstein boosted their target price on Delta Air Lines from $62.00 to $65.00 and gave the company an "outperform" rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $65.40.

Insider Activity

In other Delta Air Lines news, EVP Alain Bellemare sold 19,490 shares of the business'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 transaction, the executive vice president now owns 121,961 shares of the company's stock, valued at approximately $6,739,564.86. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Joanne D. Smith sold 3,431 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now owns 108,990 shares in the company, valued at approximately $5,499,635.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Alain Bellemare sold 19,490 shares of the stock in a transaction on 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 transaction, the executive vice president now directly owns 121,961 shares of the company's stock, valued at approximately $6,739,564.86. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

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.