Invst LLC Purchases 954 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Invst LLC increased its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 2.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,929 shares of the transportation company’s stock after purchasing an additional 954 shares during the period. Invst LLC’s holdings in Delta Air Lines were worth $2,231,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Pzena Investment Management LLC purchased a new position in shares of Delta Air Lines in the 3rd quarter worth approximately $281,206,000. Castle Hook Partners LP bought a new stake in shares of Delta Air Lines during the 3rd quarter worth approximately $189,296,000. Jupiter Asset Management Ltd. purchased a new stake in Delta Air Lines in the second quarter worth $60,217,000. Dimensional Fund Advisors LP boosted its stake in shares of Delta Air Lines by 12.5% during 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 during the period. Finally, Sanders Capital LLC grew its holdings in shares of Delta Air Lines by 2.8% in the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock worth $1,414,074,000 after purchasing an additional 749,099 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Price Performance

NYSE:DAL opened at $62.77 on Wednesday. The firm’s fifty day moving average is $58.45 and its two-hundred day moving average is $49.99. The firm has a market cap of $40.50 billion, a price-to-earnings ratio of 8.72, a PEG ratio of 1.23 and a beta of 1.35. 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 one year low of $36.34 and a one year high of $67.50.

Delta Air Lines (NYSE:DAL) last posted its 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). Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The company had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.65 billion. During the same period last year, the business earned $2.03 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. Research analysts expect that Delta Air Lines, Inc. will post 6.08 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a yield of 0.96%. Delta Air Lines’s payout ratio is 8.33%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DAL. Jefferies Financial Group increased their price target on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Citigroup boosted their price target on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. Sanford C. Bernstein increased their price target on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Finally, Barclays lifted their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $75.83.

Insiders Place Their Bets

In related news, CEO Edward H. Bastian sold 68,000 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $56.33, for a total transaction of $3,830,440.00. Following the completion of the transaction, the chief executive officer now owns 439,819 shares in the company, valued at $24,775,004.27. This represents a 13.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP William C. Carroll sold 21,530 shares of Delta Air Lines stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $60.62, for a total value of $1,305,148.60. Following the completion of the sale, the senior vice president now owns 19,756 shares in the company, valued at approximately $1,197,608.72. The trade was a 52.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 140,240 shares of company stock worth $8,044,893. Company insiders own 0.96% of the company’s stock.

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.