Hartford Funds Management Co LLC Sells 3,556 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Hartford Funds Management Co LLC reduced its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 15.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,487 shares of the transportation company’s stock after selling 3,556 shares during the quarter. Hartford Funds Management Co LLC’s holdings in Delta Air Lines were worth $990,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Family Capital Management Inc. acquired a new position in shares of Delta Air Lines during the 3rd quarter worth about $203,000. Pitcairn Co. grew its holdings in Delta Air Lines by 15.3% during the third quarter. Pitcairn Co. now owns 22,257 shares of the transportation company’s stock worth $1,130,000 after purchasing an additional 2,958 shares during the period. KKM Financial LLC increased its position in Delta Air Lines by 7.0% during the third quarter. KKM Financial LLC now owns 51,084 shares of the transportation company’s stock worth $2,595,000 after buying an additional 3,340 shares during the last quarter. Kingsview Wealth Management LLC raised its stake in Delta Air Lines by 13.4% in the third quarter. Kingsview Wealth Management LLC now owns 26,193 shares of the transportation company’s stock valued at $1,330,000 after buying an additional 3,093 shares during the period. Finally, Cerity Partners LLC lifted its position in shares of Delta Air Lines by 41.8% in the third quarter. Cerity Partners LLC now owns 313,226 shares of the transportation company’s stock valued at $15,909,000 after buying an additional 92,273 shares during the last quarter. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Price Performance

Delta Air Lines stock opened at $63.34 on Friday. The firm has a market cap of $40.87 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 1.20 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 stock’s fifty day moving average price is $55.01 and its two-hundred day moving average price is $49.13. 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 issued 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 the consensus estimate of $14.65 billion. During the same quarter in the previous year, the business posted $2.03 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, research analysts expect that Delta Air Lines, Inc. will post 6.07 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

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

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of the 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 completion of the transaction, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,197,608.72. This trade represents a 52.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Allison C. Ausband sold 7,510 shares of Delta Air Lines stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total value of $470,276.20. Following the sale, the executive vice president now directly owns 58,897 shares in the company, valued at $3,688,130.14. The trade was a 11.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 140,240 shares of company stock worth $8,044,893 over the last 90 days. Insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on DAL shares. 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. JPMorgan Chase & Co. upped their price objective on shares of Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Barclays increased their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Jefferies Financial Group increased their price target 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 investment 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 stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $72.75.

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.