Global Retirement Partners LLC Sells 446 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Global Retirement Partners LLC reduced its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,204 shares of the transportation company’s stock after selling 446 shares during the quarter. Global Retirement Partners LLC’s holdings in Delta Air Lines were worth $772,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Future Financial Wealth Managment LLC acquired a new stake in Delta Air Lines in the third quarter worth $25,000. Kimelman & Baird LLC acquired a new stake in Delta Air Lines during the 2nd quarter worth $31,000. Strategic Financial Concepts LLC bought a new position in Delta Air Lines during the second quarter worth about $36,000. Unique Wealth Strategies LLC acquired a new position in Delta Air Lines in the second quarter valued at about $40,000. Finally, Quarry LP bought a new stake in shares of Delta Air Lines in the second quarter worth about $41,000. 69.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

DAL has been the topic of several research reports. TD Cowen cut their price objective on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Jefferies Financial Group increased their price objective on Delta Air Lines from $56.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. upped their price target on Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Bank of America lifted 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. Finally, BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $65.40.

Delta Air Lines Trading Up 1.0 %

DAL stock opened at $55.80 on Monday. The stock has a market cap of $36.01 billion, a price-to-earnings ratio of 8.03, a price-to-earnings-growth ratio of 0.98 and a beta of 1.35. The company has a fifty day moving average price of $45.81 and a two-hundred day moving average price of $47.15. Delta Air Lines, Inc. has a one year low of $30.60 and a one year high of $56.48. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.40 and a quick ratio of 0.35.

Delta Air Lines (NYSE:DAL) last announced 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). The company 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 7.46% and a return on equity of 36.02%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company posted $2.03 EPS. Equities analysts anticipate that Delta Air Lines, Inc. will post 6.17 EPS for the current year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.08%. Delta Air Lines’s payout ratio is presently 8.63%.

Insider Activity at Delta Air Lines

In other news, EVP Alain Bellemare sold 19,490 shares of Delta Air Lines stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $55.26, for a total value of $1,077,017.40. Following the completion of the sale, the executive vice president now directly owns 121,961 shares in the company, valued at approximately $6,739,564.86. 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. In other Delta Air Lines news, EVP Alain Bellemare sold 19,490 shares of the firm’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $55.26, for a total transaction of $1,077,017.40. Following the transaction, the executive vice president now owns 121,961 shares in the company, valued at $6,739,564.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joanne D. Smith sold 3,431 shares of the company’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $50.46, for a total value of $173,128.26. Following the sale, the executive vice president now owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

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.