Delta Air Lines, Inc. (NYSE:DAL) Stock Holdings Reduced by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. cut its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.7% in the third quarter, Holdings Channel reports. The firm owned 56,796 shares of the transportation company’s stock after selling 1,554 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Delta Air Lines were worth $2,885,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Delta Air Lines by 7.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 57,094 shares of the transportation company’s stock valued at $2,709,000 after purchasing an additional 4,029 shares during the last quarter. BTC Capital Management Inc. raised its holdings in Delta Air Lines by 11.0% during the second quarter. BTC Capital Management Inc. now owns 14,801 shares of the transportation company’s stock valued at $702,000 after buying an additional 1,461 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Delta Air Lines in the second quarter worth about $5,910,000. First Citizens Bank & Trust Co. boosted its stake in shares of Delta Air Lines by 4.8% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 41,626 shares of the transportation company’s stock worth $1,975,000 after acquiring an additional 1,917 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its holdings in shares of Delta Air Lines by 106.9% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 23,384 shares of the transportation company’s stock valued at $1,110,000 after acquiring an additional 12,083 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Stock Down 0.2 %

NYSE DAL opened at $61.52 on Friday. Delta Air Lines, Inc. has a twelve month low of $36.34 and a twelve month high of $67.50. 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 stock has a market cap of $39.70 billion, a PE ratio of 8.54, a PEG ratio of 1.21 and a beta of 1.35. The firm has a 50-day simple moving average of $59.53 and a 200 day simple moving average of $50.30.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). The firm had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. Delta Air Lines’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.03 EPS. On average, research analysts forecast that Delta Air Lines, Inc. will post 6.08 EPS for the current year.

Delta Air Lines Dividend Announcement

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 annualized dividend and a yield of 0.98%. The ex-dividend date was Thursday, October 10th. Delta Air Lines’s dividend payout ratio (DPR) is presently 8.33%.

Insider Activity

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 value of $3,830,440.00. Following the sale, the chief executive officer now owns 439,819 shares of the company’s stock, valued at $24,775,004.27. The trade was a 13.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP William C. Carroll sold 21,530 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now owns 19,756 shares of the company’s stock, valued at approximately $1,197,608.72. This represents a 52.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 140,240 shares of company stock worth $8,044,893. 0.96% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on DAL. TD Cowen boosted their target price on Delta Air Lines from $59.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Sanford C. Bernstein upped their price objective on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. The Goldman Sachs Group reiterated a “buy” rating and issued a $83.00 target price on shares of Delta Air Lines in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Jefferies Financial Group raised their price target on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Delta Air Lines has a consensus rating of “Buy” and a consensus target price of $75.83.

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.