Mutual of America Capital Management LLC Sells 2,435 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Mutual of America Capital Management LLC decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 3.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,978 shares of the transportation company’s stock after selling 2,435 shares during the period. Mutual of America Capital Management LLC’s holdings in Delta Air Lines were worth $4,011,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. raised 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 during the last quarter. Lake Street Advisors Group LLC bought a new position in Delta Air Lines in the 1st quarter worth approximately $227,000. CANADA LIFE ASSURANCE Co raised its position in Delta Air Lines by 1.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 178,851 shares of the transportation company’s stock worth $8,564,000 after purchasing an additional 2,907 shares during the last quarter. Advisors Asset Management Inc. raised its position in Delta Air Lines by 8.5% in the 1st quarter. Advisors Asset Management Inc. now owns 29,348 shares of the transportation company’s stock worth $1,405,000 after purchasing an additional 2,311 shares during the last quarter. Finally, Toronto Dominion Bank raised its position in Delta Air Lines by 7.7% in the 1st quarter. Toronto Dominion Bank now owns 318,388 shares of the transportation company’s stock worth $15,241,000 after purchasing an additional 22,799 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on DAL shares. JPMorgan Chase & Co. lifted their target price on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $83.00 price objective on shares of Delta Air Lines in a research report on Friday, November 15th. TD Cowen boosted their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. Finally, Jefferies Financial Group upped their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a report on Monday, November 11th. 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. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $72.75.

Delta Air Lines Stock Down 0.3 %

Shares of Delta Air Lines stock opened at $63.48 on Friday. The firm has a market cap of $40.96 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 1.23 and a beta of 1.33. The stock’s 50-day moving average is $54.65 and its 200 day moving average is $49.08. 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, Inc. has a one year low of $35.46 and a one year high of $66.25.

Delta Air Lines (NYSE:DAL) last posted its quarterly 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). Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The company had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.65 billion. During the same quarter in the previous year, the business posted $2.03 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. Equities research analysts anticipate that Delta Air Lines, Inc. will post 6.07 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.60 annualized dividend and a yield of 0.95%. Delta Air Lines’s payout ratio is 8.33%.

Insider Activity at Delta Air Lines

In other news, CEO Edward H. Bastian sold 68,000 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $56.33, for a total transaction of $3,830,440.00. Following the transaction, the chief executive officer now owns 439,819 shares of the company’s stock, valued at $24,775,004.27. This represents a 13.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joanne D. Smith sold 3,431 shares of the stock in a transaction dated 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 140,240 shares of company stock valued at $8,044,893. 0.96% of the stock is owned by corporate insiders.

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.