Altman Advisors Inc. Grows Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Altman Advisors Inc. boosted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,016 shares of the transportation company’s stock after acquiring an additional 809 shares during the quarter. Altman Advisors Inc.’s holdings in Delta Air Lines were worth $2,032,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Commerce Bank boosted its position in Delta Air Lines by 0.9% during the third quarter. Commerce Bank now owns 28,910 shares of the transportation company’s stock worth $1,468,000 after purchasing an additional 263 shares in the last quarter. Avior Wealth Management LLC increased its holdings in Delta Air Lines by 29.7% in the 3rd quarter. Avior Wealth Management LLC now owns 10,300 shares of the transportation company’s stock worth $523,000 after acquiring an additional 2,356 shares in the last quarter. New Millennium Group LLC grew its position in shares of Delta Air Lines by 314.0% in the third quarter. New Millennium Group LLC now owns 36,460 shares of the transportation company’s stock valued at $1,852,000 after purchasing an additional 27,654 shares during the period. Fifth Third Wealth Advisors LLC boosted its holdings in Delta Air Lines by 17.6% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 15,304 shares of the transportation company’s stock worth $777,000 after buying an additional 2,293 shares during the last quarter. Finally, Caprock Group LLC raised its holdings in shares of Delta Air Lines by 15.0% during the third quarter. Caprock Group LLC now owns 11,956 shares of the transportation company’s stock valued at $607,000 after acquiring an additional 1,559 shares during the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DAL has been the topic of a number of research reports. The Goldman Sachs Group restated a “buy” rating and issued a $83.00 price objective on shares of Delta Air Lines in a report on Friday, November 15th. Susquehanna increased their price objective 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. lifted their price objective 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. Finally, Bank of America raised their target price on Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $71.22.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP Joanne D. Smith sold 3,431 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. This trade represents a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Allison C. Ausband sold 7,510 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total value of $470,276.20. Following the transaction, the executive vice president now directly owns 58,897 shares of the company’s stock, valued at $3,688,130.14. The trade was a 11.31 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 140,240 shares of company stock worth $8,044,893. 0.96% of the stock is currently owned by insiders.

Delta Air Lines Trading Down 2.1 %

NYSE:DAL opened at $63.38 on Wednesday. The stock has a fifty day moving average price of $53.88 and a 200 day moving average price of $48.88. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05. Delta Air Lines, Inc. has a 12-month low of $35.46 and a 12-month high of $66.25. The firm has a market cap of $40.90 billion, a PE ratio of 8.99, a price-to-earnings-growth ratio of 1.22 and a beta of 1.33.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share 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 last year, the business earned $2.03 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year. 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 announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were paid a $0.15 dividend. The ex-dividend date was Thursday, October 10th. This represents a $0.60 annualized dividend and a dividend yield of 0.95%. Delta Air Lines’s dividend payout ratio (DPR) is currently 8.33%.

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.