Bleakley Financial Group LLC Decreases Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Bleakley Financial Group LLC trimmed its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,439 shares of the transportation company’s stock after selling 405 shares during the period. Bleakley Financial Group LLC’s holdings in Delta Air Lines were worth $479,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in DAL. Senator Investment Group LP raised its stake in shares of 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 raised its stake in Delta Air Lines by 2.8% in 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 acquiring an additional 1,362 shares during the period. Norden Group LLC lifted its holdings 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 valued at $5,364,000 after purchasing an additional 98,285 shares during the last quarter. Inspire Investing LLC bought a new position in Delta Air Lines during the first quarter worth about $907,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Delta Air Lines in the first quarter worth about $1,309,000. Institutional investors own 69.93% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Joanne D. Smith sold 3,431 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $50.46, for a total transaction of $173,128.26. Following the transaction, the executive vice president now directly owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Delta Air Lines news, 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 transaction 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 $6,739,564.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Joanne D. Smith sold 3,431 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $50.46, for a total transaction of $173,128.26. Following the transaction, the executive vice president now directly owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. 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 insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on DAL shares. Susquehanna upped 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. Jefferies Financial Group increased their target price on Delta Air Lines from $56.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. TD Cowen decreased their price objective on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, Sanford C. Bernstein upped their price target 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 analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Delta Air Lines currently has an average rating of “Buy” and a consensus target price of $65.40.

Delta Air Lines Trading Down 0.5 %

NYSE DAL opened at $54.80 on Wednesday. The stock’s 50-day simple moving average is $46.44 and its two-hundred day simple moving average is $47.27. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $56.48. 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 company has a market capitalization of $35.36 billion, a price-to-earnings ratio of 7.88, a PEG ratio of 0.98 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The firm had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.65 billion. During the same quarter in the previous year, the firm earned $2.03 EPS. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. Research analysts forecast that Delta Air Lines, Inc. will post 6.17 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

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

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.