Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. reduced its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,641 shares of the transportation company’s stock after selling 7,093 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Delta Air Lines were worth $6,838,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. NorthRock Partners LLC grew its holdings in Delta Air Lines by 27.1% in the third quarter. NorthRock Partners LLC now owns 6,203 shares of the transportation company’s stock valued at $315,000 after purchasing an additional 1,321 shares during the period. Global Wealth Management Investment Advisory Inc. lifted its position in shares of Delta Air Lines by 20.8% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 36,011 shares of the transportation company’s stock valued at $1,829,000 after buying an additional 6,203 shares in the last quarter. River Road Asset Management LLC grew its stake in Delta Air Lines by 22.8% in the 3rd quarter. River Road Asset Management LLC now owns 130,608 shares of the transportation company’s stock valued at $6,634,000 after acquiring an additional 24,249 shares during the period. Sentry Investment Management LLC increased its holdings in Delta Air Lines by 2.5% in the 3rd quarter. Sentry Investment Management LLC now owns 13,245 shares of the transportation company’s stock worth $673,000 after acquiring an additional 319 shares in the last quarter. Finally, QRG Capital Management Inc. raised its position in Delta Air Lines by 11.8% during the third quarter. QRG Capital Management Inc. now owns 53,825 shares of the transportation company’s stock worth $2,734,000 after acquiring an additional 5,692 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Stock Up 4.0 %

Delta Air Lines stock opened at $60.60 on Wednesday. The stock has a 50-day simple moving average of $49.68 and a 200-day simple moving average of $47.94. The company has a market capitalization of $39.10 billion, a P/E ratio of 8.10, a PEG ratio of 1.10 and a beta of 1.33. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. Delta Air Lines, Inc. has a fifty-two week low of $32.61 and a fifty-two week high of $60.60.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data 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 7.71% and a return on equity of 29.93%. The firm had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.65 billion. During the same period in the previous year, the company posted $2.03 earnings per share. Delta Air Lines’s revenue was up 1.2% compared to the same quarter last year. Equities research analysts expect that Delta Air Lines, Inc. will post 6.12 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.60 annualized dividend and a dividend yield of 0.99%. Delta Air Lines’s dividend payout ratio (DPR) is 8.33%.

Insider Activity at Delta Air Lines

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 value of $173,128.26. Following the transaction, the executive vice president now owns 108,990 shares of the company’s stock, 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 this hyperlink. In other news, EVP Joanne D. Smith sold 3,431 shares of Delta Air Lines stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $50.46, for a total value of $173,128.26. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alain Bellemare sold 19,490 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 121,961 shares of the company’s stock, valued at $6,739,564.86. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 111,200 shares of company stock worth $6,269,469 in the last quarter. Company insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Susquehanna lifted 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. JPMorgan Chase & Co. lifted their price target on shares of Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Jefferies Financial Group increased their price target on Delta Air Lines from $56.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Barclays boosted their price objective on shares of Delta Air Lines from $52.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Finally, TD Cowen decreased their price target on 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. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Delta Air Lines presently has an average rating of “Buy” and an average price target of $65.40.

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.