Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Blair William & Co. IL

Blair William & Co. IL cut its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 7.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,499 shares of the transportation company’s stock after selling 4,667 shares during the period. Blair William & Co. IL’s holdings in Delta Air Lines were worth $2,633,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of DAL. Norges Bank acquired a new stake in Delta Air Lines during the 4th quarter worth $65,056,000. Wells Fargo & Company MN increased its position in shares of Delta Air Lines by 7.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,127,607 shares of the transportation company’s stock worth $45,364,000 after purchasing an additional 73,936 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Delta Air Lines by 6.5% in the 4th quarter. D.A. Davidson & CO. now owns 24,702 shares of the transportation company’s stock valued at $994,000 after purchasing an additional 1,509 shares during the last quarter. Assetmark Inc. boosted its position in shares of Delta Air Lines by 94.3% in the 4th quarter. Assetmark Inc. now owns 1,397 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 678 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its stake in Delta Air Lines by 5.1% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 220,040 shares of the transportation company’s stock worth $8,852,000 after buying an additional 10,586 shares during the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, Director Willie Cw Chiang acquired 10,000 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was acquired at an average cost of $43.90 per share, with a total value of $439,000.00. Following the purchase, the director now directly owns 20,000 shares in the company, valued at approximately $878,000. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DAL shares. Sanford C. Bernstein decreased their price objective on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating for the company in a report on Friday, July 12th. TD Cowen decreased their price target on shares of 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. Jefferies Financial Group dropped their price objective on shares of Delta Air Lines from $58.00 to $56.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. Finally, Citigroup increased their target price on shares of Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $61.52.

Delta Air Lines Price Performance

DAL stock opened at $46.94 on Monday. The firm has a 50 day moving average of $42.36 and a 200-day moving average of $46.32. The company has a market cap of $30.29 billion, a price-to-earnings ratio of 6.75, a PEG ratio of 0.89 and a beta of 1.34. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. Delta Air Lines, Inc. has a 12-month low of $30.60 and a 12-month high of $53.86.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.01). The firm had revenue of $15.41 billion for the quarter, compared to analyst estimates of $15.45 billion. Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.68 earnings per share. As a group, equities analysts expect that Delta Air Lines, Inc. will post 5.99 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.28%. 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.