Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Fmr LLC

Fmr LLC lessened its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 17.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,701,258 shares of the transportation company’s stock after selling 1,623,589 shares during the quarter. Fmr LLC owned approximately 1.19% of Delta Air Lines worth $391,147,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Future Financial Wealth Managment LLC purchased a new position in Delta Air Lines during the third quarter worth $25,000. Kimelman & Baird LLC purchased a new stake in shares of Delta Air Lines in the second quarter valued at $31,000. Ashton Thomas Securities LLC acquired a new stake in shares of Delta Air Lines during the third quarter valued at $31,000. Strategic Financial Concepts LLC purchased a new stake in Delta Air Lines during the 2nd quarter worth about $36,000. Finally, Unique Wealth Strategies LLC acquired a new position in Delta Air Lines in the 2nd quarter valued at about $40,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines Trading Up 0.3 %

NYSE DAL opened at $63.82 on Friday. 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 $36.19 and a one year high of $66.25. The company’s 50 day moving average price is $56.75 and its 200 day moving average price is $49.52. The firm has a market capitalization of $41.18 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 1.21 and a beta of 1.33.

Delta Air Lines (NYSE:DAL) last announced its quarterly 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). The business had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the company posted $2.03 earnings per share. On average, sell-side analysts predict that Delta Air Lines, Inc. will post 6.07 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Thursday, October 10th. Delta Air Lines’s payout ratio is 8.33%.

Analyst Ratings Changes

DAL has been the topic of several analyst reports. Susquehanna raised their price target on shares of Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. raised their target price on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. UBS Group reiterated a “buy” rating and issued a $88.00 price target on shares of Delta Air Lines in a report on Tuesday, November 26th. Barclays raised their price objective on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Jefferies Financial Group lifted their price objective 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 assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Delta Air Lines has an average rating of “Buy” and a consensus target price of $75.83.

Insider Buying and Selling

In other news, EVP Joanne D. Smith sold 3,431 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 108,990 shares in the company, valued at approximately $5,499,635.40. This represents a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William C. Carroll sold 21,530 shares of the business’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 sale, the senior vice president now owns 19,756 shares in the company, valued at $1,197,608.72. This trade represents a 52.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 140,240 shares of company stock worth $8,044,893. 0.96% of the stock is currently owned by corporate insiders.

Delta Air Lines 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.