Partnership Wealth Management LLC Sells 1,268 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Partnership Wealth Management LLC lessened its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 38.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,047 shares of the transportation company’s stock after selling 1,268 shares during the quarter. Partnership Wealth Management LLC’s holdings in Delta Air Lines were worth $104,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of DAL. Capital World Investors lifted its holdings in Delta Air Lines by 0.3% during the 1st quarter. Capital World Investors now owns 15,030,836 shares of the transportation company’s stock worth $719,526,000 after purchasing an additional 49,712 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of 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 worth $471,330,000 after buying an additional 1,105,674 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Delta Air Lines by 220.2% in the fourth quarter. Wellington Management Group LLP now owns 8,600,741 shares of the transportation company’s stock valued at $346,008,000 after acquiring an additional 5,914,301 shares during the period. Royal London Asset Management Ltd. boosted its position in shares of Delta Air Lines by 27.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 6,467,749 shares of the transportation company’s stock valued at $260,198,000 after acquiring an additional 1,376,221 shares during the period. Finally, LSV Asset Management grew its stake in Delta Air Lines by 6.3% during the first quarter. LSV Asset Management now owns 3,528,883 shares of the transportation company’s stock valued at $168,928,000 after acquiring an additional 208,436 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Up 2.3 %

Shares of DAL stock opened at $50.62 on Wednesday. The business has a 50-day moving average price of $43.63 and a two-hundred day moving average price of $46.80. Delta Air Lines, Inc. has a 12-month low of $30.60 and a 12-month high of $53.86. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.21. The firm has a market cap of $32.67 billion, a P/E ratio of 7.29, a price-to-earnings-growth ratio of 0.90 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, July 11th. The transportation company reported $2.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.01). The firm had revenue of $15.41 billion during the quarter, compared to the consensus estimate of $15.45 billion. Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.68 EPS. Equities analysts anticipate that Delta Air Lines, Inc. will post 6.18 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently disclosed 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 1.19%. Delta Air Lines’s dividend payout ratio (DPR) is 8.63%.

Insider Activity

In other Delta Air Lines news, Director Willie Cw Chiang bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were bought at an average price of $43.90 per share, for a total transaction of $439,000.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at $878,000. This trade represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.96% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on DAL shares. BNP Paribas upgraded shares of Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. TD Cowen lowered their price objective on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Jefferies Financial Group lifted their price objective on Delta Air Lines from $56.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Finally, Sanford C. Bernstein upped 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. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Delta Air Lines has an average rating of “Buy” and an average target price of $63.89.

About Delta Air Lines

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.