Stifel Financial Corp Sells 51,842 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Stifel Financial Corp cut its stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 12.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 359,600 shares of the transportation company's stock after selling 51,842 shares during the quarter. Stifel Financial Corp owned 0.06% of Delta Air Lines worth $18,265,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Huntington National Bank lifted its stake in Delta Air Lines by 2.9% during the 3rd quarter. Huntington National Bank now owns 6,679 shares of the transportation company's stock valued at $339,000 after acquiring an additional 189 shares in the last quarter. Armstrong Advisory Group Inc. lifted its position in shares of Delta Air Lines by 13.8% during the third quarter. Armstrong Advisory Group Inc. now owns 1,645 shares of the transportation company's stock valued at $84,000 after purchasing an additional 200 shares in the last quarter. Oakworth Capital Inc. lifted its position in shares of Delta Air Lines by 16.9% during the third quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company's stock valued at $72,000 after purchasing an additional 204 shares in the last quarter. Total Investment Management Inc. boosted its holdings in Delta Air Lines by 3.0% during the third quarter. Total Investment Management Inc. now owns 7,357 shares of the transportation company's stock worth $374,000 after purchasing an additional 212 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in Delta Air Lines by 6.0% in the 3rd quarter. Van ECK Associates Corp now owns 4,198 shares of the transportation company's stock worth $229,000 after purchasing an additional 239 shares in the last quarter. Institutional investors own 69.93% of the company's stock.

Delta Air Lines Price Performance

DAL stock traded up $0.51 during midday trading on Tuesday, reaching $62.77. The company had a trading volume of 6,397,579 shares, compared to its average volume of 9,237,981. The firm has a 50-day moving average price of $58.45 and a 200-day moving average price of $49.99. The company has a market capitalization of $40.50 billion, a P/E ratio of 8.65, a P/E/G ratio of 1.23 and a beta of 1.35. Delta Air Lines, Inc. has a 1 year low of $36.34 and a 1 year high of $67.50. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results 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 return on equity of 29.93% and a net margin of 7.71%. The company had revenue of $15.68 billion during the quarter, compared to analysts' expectations of $14.65 billion. During the same quarter last year, the firm posted $2.03 earnings per share. The firm's revenue was up 1.2% on a year-over-year basis. On average, research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were issued a dividend of $0.15 per share. 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 0.96%. Delta Air Lines's dividend payout ratio is 8.33%.

Insider Buying and Selling

In other news, EVP Alain Bellemare sold 19,490 shares of the business's stock in a transaction dated 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 completion of the sale, 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 13.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP William C. Carroll sold 21,530 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $60.62, for a total value of $1,305,148.60. Following the sale, the senior vice president now owns 19,756 shares of the company's stock, valued at $1,197,608.72. This represents a 52.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 140,240 shares of company stock worth $8,044,893 in the last quarter. 0.96% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DAL. Bank of America boosted their target price on Delta Air Lines from $55.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on Delta Air Lines from $60.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Sanford C. Bernstein lifted their target price on Delta Air Lines from $62.00 to $65.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 8th. UBS Group restated a "buy" rating and set a $88.00 price target on shares of Delta Air Lines in a research report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, October 11th. 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $75.83.

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.