Payden & Rygel lowered its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 74.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,300 shares of the transportation company's stock after selling 124,200 shares during the quarter. Payden & Rygel's holdings in Delta Air Lines were worth $2,199,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Capital World Investors increased its stake in Delta Air Lines by 0.3% in the 1st quarter. Capital World Investors now owns 15,030,836 shares of the transportation company's stock valued at $719,526,000 after purchasing an additional 49,712 shares in the last quarter. Dimensional Fund Advisors LP grew 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 valued at $471,330,000 after purchasing an additional 1,105,674 shares during the last quarter. Pzena Investment Management LLC purchased a new position in shares of Delta Air Lines in the third quarter valued at $281,206,000. Silvercrest Asset Management Group LLC raised its stake in shares of Delta Air Lines by 17.0% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,826,473 shares of the transportation company's stock worth $87,433,000 after buying an additional 265,886 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Delta Air Lines by 28.9% in the 3rd quarter. Victory Capital Management Inc. now owns 1,595,203 shares of the transportation company's stock worth $81,020,000 after buying an additional 358,082 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company's stock.
Delta Air Lines Trading Down 0.3 %
NYSE DAL traded down $0.16 during trading hours on Thursday, hitting $63.48. 7,150,114 shares of the company's stock were exchanged, compared to its average volume of 9,397,546. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. The firm has a market capitalization of $40.96 billion, a P/E ratio of 8.82, a price-to-earnings-growth ratio of 1.23 and a beta of 1.33. The business's 50 day moving average is $54.65 and its 200-day moving average is $49.08. Delta Air Lines, Inc. has a 12-month low of $35.46 and a 12-month high of $66.25.
Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.02). Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The company had revenue of $15.68 billion for the quarter, compared to analysts' expectations of $14.65 billion. During the same quarter in the previous year, the company earned $2.03 earnings per share. The company's revenue was up 1.2% on a year-over-year basis. As a group, analysts anticipate that Delta Air Lines, Inc. will post 6.07 EPS for the current fiscal year.
Delta Air Lines Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Thursday, October 10th. Delta Air Lines's payout ratio is currently 8.33%.
Insider Buying and Selling at Delta Air Lines
In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of Delta Air Lines stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 19,756 shares of the company's stock, valued at $1,197,608.72. The trade was a 52.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Allison C. Ausband sold 7,510 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total transaction of $470,276.20. Following the completion of the sale, the executive vice president now directly owns 58,897 shares of the company's stock, valued at $3,688,130.14. The trade was a 11.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 140,240 shares of company stock valued at $8,044,893. Company insiders own 0.96% of the company's stock.
Analysts Set New Price Targets
DAL has been the subject of several recent research reports. Bank of America raised their target price on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a "buy" rating in a report on Friday, October 11th. Sanford C. Bernstein raised their price objective on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 8th. The Goldman Sachs Group restated a "buy" rating and set a $83.00 price objective on shares of Delta Air Lines in a research report on Friday, November 15th. BNP Paribas upgraded Delta Air Lines to a "strong-buy" rating in a report on Thursday, September 19th. Finally, JPMorgan Chase & Co. boosted their price target on Delta Air Lines from $68.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, October 11th. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $72.75.
Check Out Our Latest Analysis on Delta Air Lines
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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