OneDigital Investment Advisors LLC Sells 2,299 Shares of Delta Air Lines, Inc. (NYSE:DAL)

OneDigital Investment Advisors LLC cut its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 15.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,610 shares of the transportation company’s stock after selling 2,299 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Delta Air Lines were worth $640,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Orion Portfolio Solutions LLC boosted its stake in Delta Air Lines by 4.9% in the 1st quarter. Orion Portfolio Solutions LLC now owns 24,781 shares of the transportation company’s stock worth $1,186,000 after purchasing an additional 1,161 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in Delta Air Lines by 81.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 59,608 shares of the transportation company’s stock worth $2,853,000 after acquiring an additional 26,788 shares during the period. UniSuper Management Pty Ltd lifted its holdings in Delta Air Lines by 743.9% in the first quarter. UniSuper Management Pty Ltd now owns 23,174 shares of the transportation company’s stock valued at $1,109,000 after acquiring an additional 20,428 shares during the period. Bessemer Group Inc. boosted its position in Delta Air Lines by 5.0% in the 1st quarter. Bessemer Group Inc. now owns 24,373 shares of the transportation company’s stock worth $1,166,000 after purchasing an additional 1,156 shares in the last quarter. Finally, Lake Street Advisors Group LLC acquired a new stake in shares of Delta Air Lines during the 1st quarter worth approximately $227,000. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Stock Down 1.7 %

Shares of NYSE DAL opened at $63.64 on Thursday. The company has a market capitalization of $41.07 billion, a P/E ratio of 8.84, a P/E/G ratio of 1.22 and a beta of 1.33. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34. The company has a 50 day simple moving average of $54.27 and a 200-day simple moving average of $48.98. Delta Air Lines, Inc. has a 1 year low of $35.46 and a 1 year high of $66.25.

Delta Air Lines (NYSE:DAL) last posted its earnings results 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 business had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $14.65 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. Delta Air Lines’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.03 EPS. On average, equities research analysts predict that Delta Air Lines, Inc. will post 6.07 earnings per share for the current year.

Delta Air Lines Announces Dividend

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

Insiders Place Their Bets

In related news, EVP Allison C. Ausband sold 7,510 shares of Delta Air Lines stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total value of $470,276.20. Following the completion of the transaction, the executive vice president now directly owns 58,897 shares in the company, valued at approximately $3,688,130.14. This trade represents a 11.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP William C. Carroll sold 21,530 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $60.62, for a total value of $1,305,148.60. Following the sale, the senior vice president now owns 19,756 shares in the company, valued at approximately $1,197,608.72. This trade represents a 52.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,240 shares of company stock worth $8,044,893 over the last ninety days. Corporate insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DAL. Barclays increased their price target on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. 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. Susquehanna upped 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 report on Wednesday, October 9th. TD Cowen lifted their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $83.00 target price on shares of Delta Air Lines in a report on Friday, November 15th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $71.22.

About Delta Air Lines

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.