Delta Air Lines, Inc. (NYSE:DAL) Shares Acquired by Focus Financial Network Inc.

Focus Financial Network Inc. lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 1.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 87,942 shares of the transportation company’s stock after acquiring an additional 1,616 shares during the quarter. Focus Financial Network Inc.’s holdings in Delta Air Lines were worth $4,467,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Senator Investment Group LP grew its position in Delta Air Lines by 90.0% in the second quarter. Senator Investment Group LP now owns 475,000 shares of the transportation company’s stock worth $22,534,000 after buying an additional 225,000 shares during the last quarter. Maryland State Retirement & Pension System boosted its stake in Delta Air Lines by 2.8% in the 1st quarter. Maryland State Retirement & Pension System now owns 50,358 shares of the transportation company’s stock worth $2,384,000 after purchasing an additional 1,362 shares during the period. Norden Group LLC boosted its stake in Delta Air Lines by 714.1% in the 1st quarter. Norden Group LLC now owns 112,048 shares of the transportation company’s stock worth $5,364,000 after purchasing an additional 98,285 shares during the period. Inspire Investing LLC acquired a new position in Delta Air Lines in the 1st quarter worth approximately $907,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in Delta Air Lines in the 1st quarter worth approximately $1,309,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Joanne D. Smith sold 3,431 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $50.46, for a total transaction of $173,128.26. Following the sale, the executive vice president now directly owns 108,990 shares in the company, valued at approximately $5,499,635.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, 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 transaction of $1,077,017.40. Following 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 document filed with the SEC, which is accessible through 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 completion of the sale, the executive vice president now owns 108,990 shares in the company, valued at $5,499,635.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,921 shares of company stock valued at $5,665,886 in the last three months. Company insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. raised 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, October 11th. BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. Susquehanna raised 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, October 9th. Jefferies Financial Group boosted their price target on shares of Delta Air Lines from $56.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Finally, Bank of America lifted their price objective on Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, October 11th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned 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 $65.40.

Delta Air Lines Stock Down 0.0 %

DAL opened at $57.21 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. The business has a 50 day moving average price of $48.68 and a 200 day moving average price of $47.71. The firm has a market cap of $36.92 billion, a P/E ratio of 7.94, a price-to-earnings-growth ratio of 1.10 and a beta of 1.35. Delta Air Lines, Inc. has a twelve month low of $31.57 and a twelve month high of $59.09.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing the consensus estimate 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 return on equity of 29.93% and a net margin of 7.71%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.03 earnings per share. Research analysts forecast that Delta Air Lines, Inc. will post 6.12 EPS for the current year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.05%. The ex-dividend date was Thursday, October 10th. Delta Air Lines’s dividend payout ratio is currently 8.33%.

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.