LongView Wealth Management Sells 398 Shares of Delta Air Lines, Inc. (NYSE:DAL)

LongView Wealth Management lessened its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 6.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,106 shares of the transportation company’s stock after selling 398 shares during the quarter. LongView Wealth Management’s holdings in Delta Air Lines were worth $310,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Capital World Investors boosted its stake in shares of Delta Air Lines by 0.3% in the 1st quarter. Capital World Investors now owns 15,030,836 shares of the transportation company’s stock valued at $719,526,000 after purchasing an additional 49,712 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake 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 purchasing an additional 1,105,674 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Delta Air Lines by 220.2% in the 4th quarter. Wellington Management Group LLP now owns 8,600,741 shares of the transportation company’s stock valued at $346,008,000 after purchasing an additional 5,914,301 shares during the last quarter. Royal London Asset Management Ltd. boosted its stake in shares of Delta Air Lines by 27.0% in the 4th quarter. Royal London Asset Management Ltd. now owns 6,467,749 shares of the transportation company’s stock valued at $260,198,000 after purchasing an additional 1,376,221 shares during the last quarter. Finally, LSV Asset Management boosted its stake in Delta Air Lines by 6.3% during the 1st quarter. LSV Asset Management now owns 3,528,883 shares of the transportation company’s stock worth $168,928,000 after acquiring an additional 208,436 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Price Performance

NYSE DAL opened at $51.33 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.40 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. The company has a market capitalization of $33.13 billion, a PE ratio of 7.39, a price-to-earnings-growth ratio of 0.98 and a beta of 1.35. The firm’s 50 day moving average is $44.19 and its 200-day moving average is $46.89.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The business had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.65 billion. During the same quarter last year, the business earned $2.03 earnings per share. Delta Air Lines’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities research analysts anticipate that Delta Air Lines, Inc. will post 6.17 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be issued a $0.15 dividend. The ex-dividend date is Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.17%. Delta Air Lines’s dividend payout ratio (DPR) is presently 8.63%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DAL shares. JPMorgan Chase & Co. lifted their price objective on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday. Bank of America lifted their price objective on shares of Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday. BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. Jefferies Financial Group lifted their price objective on shares of Delta Air Lines from $56.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Finally, Susquehanna lifted their price objective on shares of Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $65.40.

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.