Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank reduced its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 33.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,712 shares of the transportation company’s stock after selling 106,676 shares during the quarter. Toronto Dominion Bank’s holdings in Delta Air Lines were worth $10,044,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DAL. Capital International Investors increased its position in shares of Delta Air Lines by 8.8% during the fourth quarter. Capital International Investors now owns 20,936,699 shares of the transportation company’s stock worth $842,283,000 after purchasing an additional 1,689,053 shares in the last quarter. Capital World Investors grew its stake 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 buying an additional 49,712 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Delta Air Lines by 12.5% during 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 during the period. Wellington Management Group LLP lifted its stake in 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 buying an additional 5,914,301 shares during the last quarter. Finally, Royal London Asset Management Ltd. boosted its holdings 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. 69.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DAL has been the subject of several research reports. Jefferies Financial Group reduced their price target on shares of Delta Air Lines from $58.00 to $56.00 and set a “buy” rating for the company in a research report on Friday, June 28th. BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. Sanford C. Bernstein lowered their price target on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating on the stock in a report on Friday, July 12th. Finally, TD Cowen reduced their price objective on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and an average price target of $61.52.

Insider Buying and Selling

In other news, Director Willie Cw Chiang bought 10,000 shares of the stock in a transaction on Friday, July 12th. The shares were bought at an average price of $43.90 per share, with a total value of $439,000.00. Following the completion of the acquisition, the director now owns 20,000 shares of the company’s stock, valued at $878,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.96% of the stock is currently owned by insiders.

Delta Air Lines Trading Down 0.6 %

NYSE:DAL opened at $51.52 on Friday. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $53.86. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.40. The stock has a fifty day moving average price of $42.67 and a two-hundred day moving average price of $46.44. The stock has a market capitalization of $33.25 billion, a price-to-earnings ratio of 7.41, a PEG ratio of 0.90 and a beta of 1.34.

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

Delta Air Lines Announces Dividend

The company also recently disclosed 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. This represents a $0.60 annualized dividend and a yield of 1.16%. The ex-dividend date is Thursday, October 10th. Delta Air Lines’s payout ratio is currently 8.63%.

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.