Forsta AP Fonden Sells 20,900 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Forsta AP Fonden cut its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 68.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,600 shares of the transportation company’s stock after selling 20,900 shares during the quarter. Forsta AP Fonden’s holdings in Delta Air Lines were worth $488,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of DAL. Future Financial Wealth Managment LLC bought a new position in shares of Delta Air Lines during the 3rd quarter worth approximately $25,000. Kimelman & Baird LLC acquired a new position in Delta Air Lines during the second quarter worth $31,000. Strategic Financial Concepts LLC bought a new position in Delta Air Lines in the second quarter valued at $36,000. Unique Wealth Strategies LLC acquired a new stake in Delta Air Lines in the 2nd quarter valued at $40,000. Finally, Quarry LP bought a new stake in Delta Air Lines during the 2nd quarter worth about $41,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

DAL has been the subject of several analyst reports. Bank of America raised their price objective on Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, October 11th. Barclays boosted their price target on Delta Air Lines from $52.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Susquehanna increased their price objective on Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a report on Wednesday, October 9th. Sanford C. Bernstein boosted their target price on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Finally, Jefferies Financial Group upped their price target 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. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Delta Air Lines has an average rating of “Buy” and an average target price of $65.40.

Insider Buying and Selling

In other Delta Air Lines news, CEO Edward H. Bastian sold 68,000 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $56.33, for a total value of $3,830,440.00. Following the completion of the sale, the chief executive officer now owns 439,819 shares of the company’s stock, valued at $24,775,004.27. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Edward H. Bastian sold 68,000 shares of Delta Air Lines stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $56.33, for a total value of $3,830,440.00. Following the completion of the sale, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $24,775,004.27. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing 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 that occurred 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 sale, the executive vice president now directly owns 121,961 shares in the company, valued at $6,739,564.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,921 shares of company stock valued at $5,080,586. 0.96% of the stock is owned by company insiders.

Delta Air Lines Stock Up 2.0 %

Shares of DAL opened at $58.49 on Thursday. The firm has a market cap of $37.74 billion, a P/E ratio of 8.12, a price-to-earnings-growth ratio of 0.98 and a beta of 1.35. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.40. Delta Air Lines, Inc. has a 52 week low of $30.76 and a 52 week high of $59.07. The firm’s 50-day simple moving average is $48.34 and its 200 day simple moving average is $47.64.

Delta Air Lines (NYSE:DAL) last announced 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). The firm had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.65 billion. Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. Delta Air Lines’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $2.03 EPS. On average, analysts forecast 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 declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.60 annualized dividend and a dividend yield of 1.03%. Delta Air Lines’s dividend payout ratio (DPR) is presently 8.33%.

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.