Capital Performance Advisors LLP Buys New Shares in Delta Air Lines, Inc. (NYSE:DAL)

Capital Performance Advisors LLP purchased a new position in Delta Air Lines, Inc. (NYSE:DAL) during the 3rd quarter, Holdings Channel reports. The firm purchased 3,338 shares of the transportation company’s stock, valued at approximately $170,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. AIA Group Ltd increased its stake in Delta Air Lines by 3.1% during the third quarter. AIA Group Ltd now owns 108,056 shares of the transportation company’s stock valued at $5,488,000 after acquiring an additional 3,212 shares during the period. Olstein Capital Management L.P. grew its holdings in shares of Delta Air Lines by 32.6% during the 3rd quarter. Olstein Capital Management L.P. now owns 175,000 shares of the transportation company’s stock worth $8,888,000 after purchasing an additional 43,000 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Delta Air Lines by 2.6% during the third quarter. Principal Financial Group Inc. now owns 742,773 shares of the transportation company’s stock valued at $37,725,000 after purchasing an additional 19,124 shares during the period. Woodmont Investment Counsel LLC raised its stake in shares of Delta Air Lines by 1.1% in the third quarter. Woodmont Investment Counsel LLC now owns 41,598 shares of the transportation company’s stock valued at $2,113,000 after purchasing an additional 437 shares in the last quarter. Finally, NorthRock Partners LLC lifted its position 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 worth $315,000 after purchasing an additional 1,321 shares during the period. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Up 0.9 %

DAL traded up $0.54 during mid-day trading on Friday, reaching $60.97. The stock had a trading volume of 926,785 shares, compared to its average volume of 9,412,313. The stock has a market capitalization of $39.34 billion, a P/E ratio of 8.39, a P/E/G ratio of 1.07 and a beta of 1.33. Delta Air Lines, Inc. has a 52 week low of $33.31 and a 52 week high of $62.66. 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 firm’s fifty day simple moving average is $50.12 and its two-hundred day simple moving average is $48.04.

Delta Air Lines (NYSE:DAL) last announced 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 return on equity of 29.93% and a net margin of 7.71%. The firm had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.65 billion. During the same period in the prior year, the firm posted $2.03 earnings per share. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities analysts predict that Delta Air Lines, Inc. will post 6.12 EPS for the current year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Thursday, October 10th. Delta Air Lines’s payout ratio is 8.33%.

Insider Activity

In other news, EVP Allison C. Ausband sold 7,510 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total transaction of $470,276.20. Following the completion of the transaction, the executive vice president now directly owns 58,897 shares in the company, valued at approximately $3,688,130.14. 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 through this hyperlink. In other Delta Air Lines news, CEO Edward H. Bastian sold 68,000 shares of Delta Air Lines stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $56.33, for a total transaction of $3,830,440.00. Following the transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $24,775,004.27. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Allison C. Ausband sold 7,510 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total value of $470,276.20. Following the completion of the sale, the executive vice president now owns 58,897 shares of the company’s stock, valued at $3,688,130.14. 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 118,710 shares of company stock valued at $6,739,745 in the last 90 days. 0.96% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DAL shares. Barclays boosted their price target 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. TD Cowen decreased their price objective on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. BNP Paribas raised Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. Jefferies Financial Group boosted their price target 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. Finally, Bank of America increased their price objective on Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Delta Air Lines currently has a consensus rating of “Buy” and a consensus target price 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.