Raymond James & Associates Has $31.63 Million Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Raymond James & Associates reduced its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 11.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 622,715 shares of the transportation company’s stock after selling 78,959 shares during the quarter. Raymond James & Associates owned approximately 0.10% of Delta Air Lines worth $31,628,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Capital World Investors grew its stake in shares of Delta Air Lines by 0.3% in the first quarter. Capital World Investors now owns 15,030,836 shares of the transportation company’s stock worth $719,526,000 after purchasing an additional 49,712 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Delta Air Lines by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock valued at $471,330,000 after buying an additional 1,105,674 shares during the last quarter. LSV Asset Management increased its stake in shares of Delta Air Lines by 6.3% in the first quarter. LSV Asset Management now owns 3,528,883 shares of the transportation company’s stock valued at $168,928,000 after buying an additional 208,436 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Delta Air Lines by 96.1% in the first quarter. Russell Investments Group Ltd. now owns 2,487,387 shares of the transportation company’s stock valued at $119,057,000 after buying an additional 1,219,074 shares during the period. Finally, Silvercrest Asset Management Group LLC raised its position in shares of Delta Air Lines by 17.0% during the first quarter. Silvercrest Asset Management Group LLC now owns 1,826,473 shares of the transportation company’s stock worth $87,433,000 after acquiring an additional 265,886 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

DAL has been the subject of a number of recent analyst reports. Susquehanna increased their target price on shares of Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a research report on Wednesday, October 9th. Barclays increased their price objective on shares of Delta Air Lines from $52.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. Sanford C. Bernstein increased their price target on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Finally, Jefferies Financial Group boosted their price objective on Delta Air Lines from $56.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Delta Air Lines presently has an average rating of “Buy” and an average target price of $65.40.

Delta Air Lines Trading Down 0.3 %

Shares of Delta Air Lines stock opened at $54.65 on Thursday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.40. Delta Air Lines, Inc. has a 52 week low of $30.60 and a 52 week high of $56.48. The stock has a 50 day moving average price of $46.76 and a two-hundred day moving average price of $47.33. The stock has a market capitalization of $35.27 billion, a PE ratio of 7.86, a price-to-earnings-growth ratio of 0.98 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). The business had revenue of $15.68 billion during the quarter, compared to the consensus estimate 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 period last year, the business posted $2.03 earnings per share. As a group, equities analysts anticipate that Delta Air Lines, Inc. will post 6.17 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Thursday, October 10th. Delta Air Lines’s dividend payout ratio (DPR) is presently 8.63%.

Insider Activity

In related news, EVP Alain Bellemare sold 19,490 shares of the company’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 completion of the sale, the executive vice president now owns 121,961 shares in the company, valued at approximately $6,739,564.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Alain Bellemare sold 19,490 shares of the company’s stock in a transaction 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 owns 121,961 shares in the company, valued at $6,739,564.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Joanne D. Smith sold 3,431 shares of the 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 sale, the executive vice president now owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

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.