Beacon Investment Advisory Services Inc. Sells 881 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Beacon Investment Advisory Services Inc. lowered its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 13.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,833 shares of the transportation company’s stock after selling 881 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Delta Air Lines were worth $296,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of DAL. Huntington National Bank lifted its stake in shares of Delta Air Lines by 2.9% in the 3rd quarter. Huntington National Bank now owns 6,679 shares of the transportation company’s stock worth $339,000 after purchasing an additional 189 shares during the period. Armstrong Advisory Group Inc. lifted its stake in shares of Delta Air Lines by 13.8% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 1,645 shares of the transportation company’s stock worth $84,000 after purchasing an additional 200 shares during the period. Oakworth Capital Inc. lifted its stake in shares of Delta Air Lines by 16.9% in the 3rd quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company’s stock worth $72,000 after purchasing an additional 204 shares during the period. Total Investment Management Inc. lifted its stake in shares of Delta Air Lines by 3.0% in the 3rd quarter. Total Investment Management Inc. now owns 7,357 shares of the transportation company’s stock worth $374,000 after purchasing an additional 212 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of Delta Air Lines by 6.0% in the 3rd quarter. Van ECK Associates Corp now owns 4,198 shares of the transportation company’s stock worth $229,000 after purchasing an additional 239 shares during the period. Institutional investors own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price objective 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. Citigroup increased their target price on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. Jefferies Financial Group increased their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Sanford C. Bernstein increased their target price on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Delta Air Lines has an average rating of “Buy” and a consensus target price of $75.83.

Insider Activity

In other news, SVP William C. Carroll sold 21,530 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction 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 represents a 52.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Allison C. Ausband sold 7,510 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total value of $470,276.20. Following the transaction, the executive vice president now owns 58,897 shares of the company’s stock, valued at $3,688,130.14. This represents a 11.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders 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 0.7 %

Shares of DAL opened at $63.37 on Tuesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34. Delta Air Lines, Inc. has a 1 year low of $36.34 and a 1 year high of $66.25. The company has a 50 day simple moving average of $56.75 and a two-hundred day simple moving average of $49.50. The firm has a market cap of $40.89 billion, a P/E ratio of 8.80, a price-to-earnings-growth 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 analysts’ consensus estimates 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 company had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.65 billion. During the same period last year, the business earned $2.03 earnings per share. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities analysts expect that Delta Air Lines, Inc. will post 6.07 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

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

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.