Delta Air Lines, Inc. (NYSE:DAL) Shares Purchased by Caprock Group LLC

Caprock Group LLC raised its stake in Delta Air Lines, Inc. (NYSE:DAL) by 15.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,956 shares of the transportation company’s stock after acquiring an additional 1,559 shares during the quarter. Caprock Group LLC’s holdings in Delta Air Lines were worth $607,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Senator Investment Group LP boosted its holdings in Delta Air Lines by 90.0% during the second quarter. Senator Investment Group LP now owns 475,000 shares of the transportation company’s stock worth $22,534,000 after buying an additional 225,000 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Delta Air Lines by 5.4% in the third quarter. Crossmark Global Holdings Inc. now owns 268,636 shares of the transportation company’s stock worth $13,644,000 after acquiring an additional 13,802 shares during the period. KBC Group NV boosted its stake in shares of Delta Air Lines by 143.7% during the 3rd quarter. KBC Group NV now owns 56,611 shares of the transportation company’s stock worth $2,876,000 after acquiring an additional 33,378 shares in the last quarter. Olstein Capital Management L.P. grew its position in shares of Delta Air Lines by 32.6% during the 3rd quarter. Olstein Capital Management L.P. now owns 175,000 shares of the transportation company’s stock valued at $8,888,000 after acquiring an additional 43,000 shares during the period. Finally, River Road Asset Management LLC increased its stake in shares of Delta Air Lines by 22.8% in the 3rd quarter. River Road Asset Management LLC now owns 130,608 shares of the transportation company’s stock valued at $6,634,000 after purchasing an additional 24,249 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP Allison C. Ausband sold 7,510 shares of Delta Air Lines stock in a transaction dated Wednesday, November 6th. The shares were 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 in the company, valued at $3,688,130.14. This trade represents a 11.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP William C. Carroll sold 21,530 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the completion of the transaction, the senior vice president now owns 19,756 shares in the company, valued at approximately $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 have sold 140,240 shares of company stock worth $8,044,893 over the last quarter. 0.96% of the stock is currently owned by company insiders.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $63.34 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05. Delta Air Lines, Inc. has a twelve month low of $35.46 and a twelve month high of $66.25. The company’s 50-day moving average price is $55.01 and its 200-day moving average price is $49.15. The stock has a market cap of $40.87 billion, a price-to-earnings ratio of 8.80, a PEG ratio of 1.23 and a beta of 1.33.

Delta Air Lines (NYSE:DAL) last posted its earnings results 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). The firm had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.65 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.03 earnings per share. As a group, equities analysts predict that Delta Air Lines, Inc. will post 6.07 earnings per share for the current year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.60 annualized dividend and a yield of 0.95%. Delta Air Lines’s dividend payout ratio (DPR) is 8.33%.

Analyst Ratings Changes

DAL has been the topic of several research analyst reports. BNP Paribas raised Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. TD Cowen boosted their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Bank of America increased their price objective 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. Barclays boosted their target price on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, Jefferies Financial Group lifted their price objective on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Delta Air Lines presently has a consensus rating of “Buy” and a consensus target price of $72.75.

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.