Moors & Cabot Inc. Sells 504 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Moors & Cabot Inc. reduced its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 4.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,706 shares of the transportation company’s stock after selling 504 shares during the period. Moors & Cabot Inc.’s holdings in Delta Air Lines were worth $595,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DAL. Dimensional Fund Advisors LP lifted its stake in shares of Delta Air Lines by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock valued at $471,330,000 after purchasing an additional 1,105,674 shares during the period. Silvercrest Asset Management Group LLC lifted its stake in Delta Air Lines by 17.0% in the first quarter. Silvercrest Asset Management Group LLC now owns 1,826,473 shares of the transportation company’s stock valued at $87,433,000 after buying an additional 265,886 shares during the period. Victory Capital Management Inc. grew its position in shares of Delta Air Lines by 28.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,595,203 shares of the transportation company’s stock worth $81,020,000 after buying an additional 358,082 shares during the period. Ceredex Value Advisors LLC increased its stake in shares of Delta Air Lines by 0.7% in the 2nd quarter. Ceredex Value Advisors LLC now owns 1,557,517 shares of the transportation company’s stock valued at $73,889,000 after acquiring an additional 11,461 shares during the last quarter. Finally, Great Lakes Advisors LLC raised its position in shares of Delta Air Lines by 27.9% in the 2nd quarter. Great Lakes Advisors LLC now owns 1,425,451 shares of the transportation company’s stock valued at $67,623,000 after acquiring an additional 310,529 shares during the period. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $63.34 on Friday. Delta Air Lines, Inc. has a 12 month low of $35.46 and a 12 month high of $66.25. The company’s fifty day simple moving average is $55.01 and its 200-day simple moving average is $49.15. The firm has a market cap of $40.87 billion, a PE ratio of 8.80, a P/E/G ratio of 1.23 and a beta of 1.33. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share (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 business 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 firm posted $2.03 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Equities research analysts expect that Delta Air Lines, Inc. will post 6.07 EPS 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. Investors of record on Thursday, October 10th were given 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 dividend payout ratio (DPR) is presently 8.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. TD Cowen upped their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Sanford C. Bernstein raised their price objective on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Barclays lifted their target price on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Susquehanna raised their price target on Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $83.00 price objective on shares of Delta Air Lines in a research report on Friday, November 15th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and an average target price of $72.75.

Insider Buying and Selling at Delta Air Lines

In other news, SVP William C. Carroll sold 21,530 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the transaction, the senior vice president now directly owns 19,756 shares in the company, valued at $1,197,608.72. The trade was a 52.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Alain Bellemare sold 19,490 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $55.26, for a total transaction of $1,077,017.40. Following the completion of the sale, the executive vice president now owns 121,961 shares of the company’s stock, valued at $6,739,564.86. This trade represents a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,240 shares of company stock worth $8,044,893 over the last ninety days. 0.96% of the stock is currently 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.