Penserra Capital Management LLC Has $1.84 Million Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Penserra Capital Management LLC lessened its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 20.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,149 shares of the transportation company’s stock after selling 9,045 shares during the period. Penserra Capital Management LLC’s holdings in Delta Air Lines were worth $1,835,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Senator Investment Group LP raised its position in Delta Air Lines by 90.0% during the 2nd quarter. Senator Investment Group LP now owns 475,000 shares of the transportation company’s stock worth $22,534,000 after purchasing an additional 225,000 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Delta Air Lines by 5.4% in the third quarter. Crossmark Global Holdings Inc. now owns 268,636 shares of the transportation company’s stock valued at $13,644,000 after buying an additional 13,802 shares during the period. KBC Group NV raised its position in shares of Delta Air Lines by 143.7% during the third quarter. KBC Group NV now owns 56,611 shares of the transportation company’s stock worth $2,876,000 after acquiring an additional 33,378 shares during the last quarter. Olstein Capital Management L.P. lifted its stake in shares of Delta Air Lines by 32.6% in the third quarter. Olstein Capital Management L.P. now owns 175,000 shares of the transportation company’s stock worth $8,888,000 after acquiring an additional 43,000 shares during the period. Finally, River Road Asset Management LLC boosted its holdings in Delta Air Lines by 22.8% in the third quarter. River Road Asset Management LLC now owns 130,608 shares of the transportation company’s stock valued at $6,634,000 after acquiring an additional 24,249 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on DAL. The Goldman Sachs Group restated a “buy” rating and set a $83.00 price target on shares of Delta Air Lines in a report on Friday, November 15th. TD Cowen boosted their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Jefferies Financial Group increased their price target on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Sanford C. Bernstein raised their target price 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. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $72.75.

Delta Air Lines Price Performance

Shares of DAL opened at $64.48 on Tuesday. The business’s fifty day moving average is $55.40 and its 200 day moving average is $49.19. Delta Air Lines, Inc. has a 12-month low of $35.46 and a 12-month high of $66.25. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05. The stock has a market cap of $41.61 billion, a P/E ratio of 8.96, a P/E/G ratio of 1.20 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 earnings per share 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 the consensus estimate of $14.65 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the business posted $2.03 earnings per share. Sell-side analysts anticipate that Delta Air Lines, Inc. will post 6.07 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The business 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. This represents a $0.60 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Thursday, October 10th. Delta Air Lines’s dividend payout ratio is currently 8.33%.

Insider Transactions at Delta Air Lines

In other news, EVP Joanne D. Smith sold 3,431 shares of the company’s 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 completion of the sale, the executive vice president now owns 108,990 shares in the company, valued at $5,499,635.40. This represents a 3.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 transaction, the executive vice president now directly owns 121,961 shares in the company, valued at $6,739,564.86. The trade was 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 valued at $8,044,893 over the last ninety days. 0.96% of the stock is currently owned by 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.