Comerica Bank decreased its position in Delta Air Lines, Inc. (NYSE:DAL) by 6.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 177,705 shares of the transportation company’s stock after selling 13,192 shares during the period. Comerica Bank’s holdings in Delta Air Lines were worth $8,944,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. IHT Wealth Management LLC grew its holdings in Delta Air Lines by 40.9% in the second quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock valued at $146,000 after purchasing an additional 220 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in Delta Air Lines in the second quarter valued at $114,000. Bessemer Group Inc. grew its holdings in Delta Air Lines by 104.3% in the second quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 1,298 shares during the last quarter. Advisory Services Network LLC grew its holdings in Delta Air Lines by 3.0% in the second quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 75 shares during the last quarter. Finally, BB&T Investment Services Inc. acquired a new stake in Delta Air Lines in the second quarter valued at $128,000. 87.54% of the stock is currently owned by institutional investors.
Shares of Delta Air Lines, Inc. (NYSE:DAL) traded down $0.63 during midday trading on Friday, reaching $49.82. The company’s stock had a trading volume of 4,850,200 shares, compared to its average volume of 7,858,397. Delta Air Lines, Inc. has a 12-month low of $43.81 and a 12-month high of $55.75. The company has a current ratio of 0.43, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. The firm has a market cap of $35,970.00, a price-to-earnings ratio of 10.19, a PEG ratio of 1.48 and a beta of 1.28.
Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.04. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The firm had revenue of $11.06 billion during the quarter, compared to analyst estimates of $11.03 billion. During the same quarter last year, the firm earned $1.70 EPS. Delta Air Lines’s quarterly revenue was up 5.5% on a year-over-year basis. equities analysts anticipate that Delta Air Lines, Inc. will post 5.01 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.305 per share. The ex-dividend date is Thursday, November 16th. This represents a $1.22 dividend on an annualized basis and a yield of 2.45%. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.45%.
In other news, insider Steven M. Sear sold 6,898 shares of Delta Air Lines stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $53.01, for a total value of $365,662.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George N. Mattson bought 6,000 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was purchased at an average price of $45.44 per share, with a total value of $272,640.00. Following the transaction, the director now owns 61,510 shares in the company, valued at approximately $2,795,014.40. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 200,001 shares of company stock valued at $10,630,333. 0.37% of the stock is owned by insiders.
A number of research firms recently commented on DAL. Vetr lowered Delta Air Lines from a “strong-buy” rating to a “sell” rating and set a $45.16 price objective on the stock. in a research note on Monday, November 13th. Zacks Investment Research raised Delta Air Lines from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. J P Morgan Chase & Co increased their price objective on Delta Air Lines from $63.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Cowen and Company increased their price objective on Delta Air Lines from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, October 12th. Finally, Imperial Capital raised Delta Air Lines from an “in-line” rating to an “outperform” rating and set a $63.00 price objective on the stock in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Delta Air Lines currently has an average rating of “Buy” and a consensus target price of $63.39.
About Delta Air Lines
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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