Delta Air Lines, Inc. (NYSE:DAL) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC raised its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 41.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 313,226 shares of the transportation company’s stock after purchasing an additional 92,273 shares during the quarter. Cerity Partners LLC’s holdings in Delta Air Lines were worth $15,909,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Meridian Wealth Management LLC acquired a new stake in shares of Delta Air Lines during the third quarter worth approximately $1,693,000. Charles Schwab Investment Management Inc. raised its stake in shares of Delta Air Lines by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,497,487 shares of the transportation company’s stock valued at $177,637,000 after purchasing an additional 10,332 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Delta Air Lines by 0.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,344,414 shares of the transportation company’s stock worth $169,863,000 after buying an additional 14,624 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new position in shares of Delta Air Lines in the 3rd quarter worth approximately $379,000. Finally, Intech Investment Management LLC increased its holdings in shares of Delta Air Lines by 908.6% in the 3rd quarter. Intech Investment Management LLC now owns 100,982 shares of the transportation company’s stock valued at $5,129,000 after acquiring an additional 90,970 shares during the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines Price Performance

NYSE DAL opened at $64.48 on Tuesday. Delta Air Lines, Inc. has a 12 month low of $35.46 and a 12 month high of $66.25. The firm has a market capitalization of $41.61 billion, a PE ratio of 8.96, a P/E/G ratio of 1.20 and a beta of 1.33. The company’s 50 day simple moving average is $55.40 and its 200 day simple moving average is $49.19. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.02). The firm had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.65 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.03 earnings per share. As a group, equities research analysts forecast that Delta Air Lines, Inc. will post 6.07 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Thursday, October 10th. Delta Air Lines’s payout ratio is 8.33%.

Insider Activity

In other news, SVP William C. Carroll sold 21,530 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the completion of the sale, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at $1,197,608.72. This trade represents a 52.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Joanne D. Smith sold 3,431 shares of the business’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 sale, the executive vice president now directly owns 108,990 shares in the company, valued at $5,499,635.40. This trade represents a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 140,240 shares of company stock worth $8,044,893. Corporate insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on DAL. Susquehanna lifted their price objective on shares of Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Barclays raised their target price on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. TD Cowen lifted their target price on Delta Air Lines from $59.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. increased their price target on Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $72.75.

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.