DekaBank Deutsche Girozentrale Has $2.67 Million Position in Delta Air Lines, Inc. (NYSE:DAL)

DekaBank Deutsche Girozentrale cut its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 7.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,055 shares of the transportation company’s stock after selling 4,439 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Delta Air Lines were worth $2,671,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC bought a new stake in Delta Air Lines in the third quarter worth $25,000. Kimelman & Baird LLC bought a new stake in Delta Air Lines during the second quarter valued at about $31,000. Strategic Financial Concepts LLC bought a new stake in Delta Air Lines during the second quarter valued at about $36,000. Unique Wealth Strategies LLC bought a new stake in Delta Air Lines during the second quarter valued at about $40,000. Finally, Quarry LP bought a new stake in Delta Air Lines during the second quarter valued at about $41,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Rahul D. Samant sold 10,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $58.53, for a total transaction of $585,300.00. Following the sale, the executive vice president now directly owns 64,163 shares of the company’s stock, valued at $3,755,460.39. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Delta Air Lines news, EVP Joanne D. Smith sold 3,431 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $50.46, for a total value of $173,128.26. Following the transaction, the executive vice president now directly owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rahul D. Samant sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $58.53, for a total transaction of $585,300.00. Following the completion of the transaction, the executive vice president now directly owns 64,163 shares in the company, valued at approximately $3,755,460.39. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 100,921 shares of company stock valued at $5,665,886 over the last three months. 0.96% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DAL. Susquehanna upped their price objective on shares of Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a research report on Wednesday, October 9th. BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. Jefferies Financial Group upped their price objective on shares of Delta Air Lines from $56.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. TD Cowen cut their price objective on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Finally, Bank of America upped their price objective 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 given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Delta Air Lines currently has an average rating of “Buy” and an average target price of $65.40.

Delta Air Lines Price Performance

Shares of Delta Air Lines stock opened at $58.39 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $37.68 billion, a price-to-earnings ratio of 8.11, a P/E/G ratio of 1.10 and a beta of 1.35. Delta Air Lines, Inc. has a 1-year low of $31.57 and a 1-year high of $59.19. The firm’s 50-day moving average price is $49.02 and its two-hundred day moving average price is $47.79.

Delta Air Lines (NYSE:DAL) last released its quarterly 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 net margin of 7.71% and a return on equity of 29.93%. The company had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.65 billion. During the same period last year, the company earned $2.03 earnings per share. Delta Air Lines’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities analysts predict that Delta Air Lines, Inc. will post 6.12 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.60 annualized dividend and a dividend yield of 1.03%. Delta Air Lines’s dividend payout ratio (DPR) is currently 8.33%.

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.