MCF Advisors LLC Trims Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

MCF Advisors LLC cut its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 48.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,567 shares of the transportation company’s stock after selling 2,381 shares during the period. MCF Advisors LLC’s holdings in Delta Air Lines were worth $130,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of DAL. Future Financial Wealth Managment LLC purchased a new position in shares of Delta Air Lines in the third quarter valued at $25,000. Kimelman & Baird LLC purchased a new position in Delta Air Lines during the second quarter valued at approximately $31,000. Strategic Financial Concepts LLC bought a new stake in Delta Air Lines during the 2nd quarter worth approximately $36,000. Unique Wealth Strategies LLC purchased a new stake in Delta Air Lines in the 2nd quarter worth approximately $40,000. Finally, Quarry LP bought a new position in Delta Air Lines in the 2nd quarter valued at $41,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, EVP Joanne D. Smith sold 3,431 shares of the stock in a transaction on Friday, October 11th. The shares were sold at an average price of $50.46, for a total transaction of $173,128.26. Following the completion of the sale, the executive vice president now owns 108,990 shares of the company’s stock, valued at $5,499,635.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Alain Bellemare sold 19,490 shares of Delta Air Lines 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 sale, the executive vice president now directly owns 121,961 shares in the company, valued at approximately $6,739,564.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joanne D. Smith sold 3,431 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now directly 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 disclosure for this sale can be found here. 0.96% of the stock is currently owned by company insiders.

Delta Air Lines Trading Down 1.2 %

Delta Air Lines stock traded down $0.65 during mid-day trading on Friday, hitting $54.12. The company’s stock had a trading volume of 5,982,881 shares, compared to its average volume of 9,445,705. The business has a 50 day moving average price of $47.33 and a 200-day moving average price of $47.43. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.40 and a quick ratio of 0.35. Delta Air Lines, Inc. has a 12 month low of $30.60 and a 12 month high of $56.48. The stock has a market cap of $34.92 billion, a price-to-earnings ratio of 7.79, a price-to-earnings-growth ratio of 0.98 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $14.65 billion. During the same period last year, the firm posted $2.03 EPS. The company’s revenue was up 1.2% on a year-over-year basis. As a group, analysts forecast that Delta Air Lines, Inc. will post 6.17 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Thursday, October 10th. Delta Air Lines’s payout ratio is 8.63%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DAL. Sanford C. Bernstein increased their price objective on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Barclays raised their price target on Delta Air Lines from $52.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, October 11th. BNP Paribas raised Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. Jefferies Financial Group raised their target price on shares of 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 lifted their target price on shares of 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 equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target 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.