Edgestream Partners L.P. Increases Stake in Delta Air Lines, Inc. (NYSE:DAL)

Edgestream Partners L.P. increased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 136.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 130,139 shares of the transportation company’s stock after buying an additional 75,165 shares during the period. Edgestream Partners L.P.’s holdings in Delta Air Lines were worth $6,610,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Delta Air Lines by 2,958.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 199,531 shares of the transportation company’s stock valued at $10,134,000 after purchasing an additional 193,008 shares during the last quarter. Verition Fund Management LLC grew its stake in shares of Delta Air Lines by 78.4% during the third quarter. Verition Fund Management LLC now owns 220,376 shares of the transportation company’s stock worth $11,193,000 after purchasing an additional 96,845 shares in the last quarter. Captrust Financial Advisors increased its holdings in Delta Air Lines by 6.0% in the third quarter. Captrust Financial Advisors now owns 54,542 shares of the transportation company’s stock valued at $2,770,000 after buying an additional 3,106 shares during the last quarter. Skye Global Management LP acquired a new stake in Delta Air Lines in the third quarter valued at $2,133,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in Delta Air Lines by 0.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 626,112 shares of the transportation company’s stock worth $31,799,000 after buying an additional 1,972 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Trading Up 0.4 %

NYSE:DAL opened at $63.90 on Friday. Delta Air Lines, Inc. has a 12-month low of $36.19 and a 12-month high of $66.25. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05. The stock’s 50 day simple moving average is $56.75 and its 200-day simple moving average is $49.55. The firm has a market cap of $41.23 billion, a P/E ratio of 8.88, a PEG ratio of 1.21 and a beta of 1.33.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data 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 firm had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.65 billion. During the same period in the prior year, the firm posted $2.03 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. Equities analysts anticipate that Delta Air Lines, Inc. will post 6.07 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were given a $0.15 dividend. The ex-dividend date was Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a yield of 0.94%. Delta Air Lines’s payout ratio is currently 8.33%.

Analyst Ratings Changes

A number of research firms have recently commented on DAL. Jefferies Financial Group increased their price objective on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a report on Monday, November 11th. BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. Barclays upped their target price on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, 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 research note on Friday, October 11th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Delta Air Lines presently has an average rating of “Buy” and an average price target of $75.83.

Insider Buying and Selling at Delta Air Lines

In other news, EVP Joanne D. Smith sold 3,431 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $50.46, for a total transaction of $173,128.26. Following the sale, the executive vice president now owns 108,990 shares of the company’s stock, valued at $5,499,635.40. The trade was a 3.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP William C. Carroll sold 21,530 shares of the firm’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 owns 19,756 shares of the company’s stock, valued at $1,197,608.72. This trade represents a 52.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, 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.