Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. cut its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 48.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 11,552 shares of the transportation company’s stock after selling 11,045 shares during the period. D.A. Davidson & CO.’s holdings in Delta Air Lines were worth $587,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DAL. Huntington National Bank boosted its position in Delta Air Lines by 2.9% during the 3rd quarter. Huntington National Bank now owns 6,679 shares of the transportation company’s stock worth $339,000 after purchasing an additional 189 shares during the period. Armstrong Advisory Group Inc. grew its stake in Delta Air Lines by 13.8% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 1,645 shares of the transportation company’s stock valued at $84,000 after purchasing an additional 200 shares in the last quarter. Oakworth Capital Inc. grew its position in shares of Delta Air Lines by 16.9% during the third quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company’s stock worth $72,000 after buying an additional 204 shares in the last quarter. Total Investment Management Inc. increased its stake in shares of Delta Air Lines by 3.0% in the third quarter. Total Investment Management Inc. now owns 7,357 shares of the transportation company’s stock worth $374,000 after buying an additional 212 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in Delta Air Lines by 6.0% during the 3rd quarter. Van ECK Associates Corp now owns 4,198 shares of the transportation company’s stock valued at $229,000 after acquiring an additional 239 shares during the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $63.37 on Tuesday. The firm has a market cap of $40.89 billion, a PE ratio of 8.81, a P/E/G ratio of 1.21 and a beta of 1.33. Delta Air Lines, Inc. has a 12 month low of $36.34 and a 12 month high of $66.25. The company’s fifty day simple moving average is $56.75 and its 200-day simple moving average is $49.50. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The business had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.65 billion. During the same quarter in the previous year, the business posted $2.03 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities research analysts expect that Delta Air Lines, Inc. will post 6.07 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DAL shares. Susquehanna boosted their price target on shares of Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a report on Wednesday, October 9th. Bank of America lifted their price target on Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Barclays lifted their price target on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. TD Cowen boosted their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, UBS Group reiterated a “buy” rating and issued a $88.00 price objective on shares of Delta Air Lines in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $75.83.

Insider Activity at Delta Air Lines

In related news, EVP Allison C. Ausband sold 7,510 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total value of $470,276.20. Following the completion of the transaction, the executive vice president now owns 58,897 shares of the company’s stock, valued at $3,688,130.14. The trade was a 11.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Joanne D. Smith sold 3,431 shares of the firm’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 completion of the transaction, the executive vice president now directly owns 108,990 shares in the company, valued at approximately $5,499,635.40. This represents a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 140,240 shares of company stock worth $8,044,893. Insiders own 0.96% of the company’s stock.

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.