AustralianSuper Pty Ltd Has $10.52 Million Stake in Delta Air Lines, Inc. (NYSE:DAL)

AustralianSuper Pty Ltd cut its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 30.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 207,083 shares of the transportation company’s stock after selling 92,310 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Delta Air Lines were worth $10,518,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Capital World Investors lifted its position in shares of Delta Air Lines by 0.3% during the 1st quarter. Capital World Investors now owns 15,030,836 shares of the transportation company’s stock valued at $719,526,000 after acquiring an additional 49,712 shares during the period. Dimensional Fund Advisors LP increased its stake in Delta Air Lines by 12.5% in the second 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 in the last quarter. LSV Asset Management raised its holdings in shares of Delta Air Lines by 6.3% during the first quarter. LSV Asset Management now owns 3,528,883 shares of the transportation company’s stock valued at $168,928,000 after purchasing an additional 208,436 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Delta Air Lines by 96.1% in the 1st 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 increased its position in Delta Air Lines by 17.0% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,826,473 shares of the transportation company’s stock valued at $87,433,000 after buying an additional 265,886 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DAL. Barclays upped their target price on Delta Air Lines from $52.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. TD Cowen dropped 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 note on Wednesday, July 17th. Susquehanna boosted their target price on shares of Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 9th. BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. Finally, Sanford C. Bernstein boosted their price objective on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. 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 stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $65.40.

Delta Air Lines Stock Performance

DAL traded down $0.78 during trading hours on Thursday, hitting $57.68. The stock had a trading volume of 2,556,091 shares, compared to its average volume of 9,428,103. The stock has a market cap of $37.22 billion, a PE ratio of 8.12, a price-to-earnings-growth ratio of 0.98 and a beta of 1.35. Delta Air Lines, Inc. has a 1 year low of $30.76 and a 1 year high of $59.09. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.21. The company’s fifty day simple moving average is $48.34 and its 200 day simple moving average is $47.64.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.65 billion. During the same quarter in the prior year, the company earned $2.03 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Equities analysts anticipate that Delta Air Lines, Inc. will post 6.17 earnings per share 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. Investors of record on Thursday, October 10th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Thursday, October 10th. Delta Air Lines’s payout ratio is 8.33%.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, EVP Joanne D. Smith sold 3,431 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 108,990 shares of the company’s stock, valued at $5,499,635.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Joanne D. Smith sold 3,431 shares of the company’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $50.46, for a total value of $173,128.26. Following the completion of the transaction, the executive vice president now directly owns 108,990 shares in the company, valued at approximately $5,499,635.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alain Bellemare sold 19,490 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The stock was 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 of the company’s stock, valued at $6,739,564.86. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,921 shares of company stock valued at $5,080,586 over the last three months. 0.96% of the stock is 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.