3,338 Shares in Delta Air Lines, Inc. (NYSE:DAL) Purchased by Capital Performance Advisors LLP

Capital Performance Advisors LLP bought a new stake in Delta Air Lines, Inc. (NYSE:DAL) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 3,338 shares of the transportation company’s stock, valued at approximately $170,000.

Other institutional investors also recently bought and sold shares of the company. Manchester Capital Management LLC grew its stake in shares of Delta Air Lines by 24.7% in the 1st quarter. Manchester Capital Management LLC now owns 983 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 195 shares during the last quarter. Armstrong Advisory Group Inc. increased its stake in Delta Air Lines by 13.8% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 1,645 shares of the transportation company’s stock valued at $84,000 after purchasing an additional 200 shares in the last quarter. Oakworth Capital Inc. raised its stake in shares of Delta Air Lines by 16.9% during the 3rd quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company’s stock worth $72,000 after buying an additional 204 shares during the last quarter. HBK Sorce Advisory LLC lifted its holdings in shares of Delta Air Lines by 4.0% in the first quarter. HBK Sorce Advisory LLC now owns 5,772 shares of the transportation company’s stock valued at $276,000 after purchasing an additional 221 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in Delta Air Lines by 6.0% during the third quarter. Van ECK Associates Corp now owns 4,198 shares of the transportation company’s stock worth $229,000 after buying an additional 239 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Allison C. Ausband sold 7,510 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total transaction of $470,276.20. Following the completion of the sale, the executive vice president now owns 58,897 shares in the company, valued at approximately $3,688,130.14. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Joanne D. Smith sold 3,431 shares of Delta Air Lines stock in a transaction 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 owns 108,990 shares in the company, valued at $5,499,635.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Allison C. Ausband sold 7,510 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total transaction of $470,276.20. Following the sale, the executive vice president now owns 58,897 shares of the company’s stock, valued at $3,688,130.14. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 118,710 shares of company stock valued at $6,739,745 over the last three months. 0.96% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

DAL has been the topic of a number of research analyst reports. Susquehanna lifted their price target on shares of Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a report on Wednesday, October 9th. BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. JPMorgan Chase & Co. increased their target price on Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Bank of America raised 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 note on Friday, October 11th. Finally, Barclays boosted their price objective on Delta Air Lines from $52.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $65.40.

Delta Air Lines Stock Up 0.9 %

DAL traded up $0.54 during trading on Friday, reaching $60.97. 926,785 shares of the stock traded hands, compared to its average volume of 9,412,313. 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 fifty-two week low of $33.31 and a fifty-two week high of $62.66. The stock’s 50-day simple moving average is $50.12 and its two-hundred day simple moving average is $48.04. The stock has a market cap of $39.34 billion, a price-to-earnings ratio of 8.39, a price-to-earnings-growth ratio of 1.07 and a beta of 1.33.

Delta Air Lines (NYSE:DAL) last released 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 analyst estimates of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.03 EPS. As a group, equities research analysts expect that Delta Air Lines, Inc. will post 6.12 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. Investors of record on Thursday, October 10th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Thursday, October 10th. Delta Air Lines’s dividend payout ratio is presently 8.33%.

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.