Delta Air Lines, Inc. (NYSE:DAL) Shares Bought by Forum Financial Management LP

Forum Financial Management LP grew its stake in Delta Air Lines, Inc. (NYSE:DAL) by 9.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,377 shares of the transportation company’s stock after acquiring an additional 844 shares during the quarter. Forum Financial Management LP’s holdings in Delta Air Lines were worth $476,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of DAL. Sumitomo Mitsui Trust Holdings Inc. grew its position in Delta Air Lines by 1.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 402,650 shares of the transportation company’s stock worth $19,275,000 after acquiring an additional 6,915 shares during the period. Norden Group LLC lifted its position in Delta Air Lines by 1.8% in the first quarter. Norden Group LLC now owns 14,006 shares of the transportation company’s stock valued at $670,000 after buying an additional 243 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. purchased a new position in Delta Air Lines during the first quarter worth about $375,000. Fidelis Capital Partners LLC acquired a new stake in shares of Delta Air Lines during the first quarter valued at about $65,000. Finally, Daiwa Securities Group Inc. increased its holdings in Delta Air Lines by 15.8% in the 1st quarter. Daiwa Securities Group Inc. now owns 31,798 shares of the transportation company’s stock valued at $1,522,000 after purchasing an additional 4,337 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP Joanne D. Smith sold 3,431 shares of the company’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 completion of the sale, the executive vice president now directly owns 108,990 shares of the company’s stock, valued at $5,499,635.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Rahul D. Samant sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $58.53, for a total value of $585,300.00. Following the completion of the sale, the executive vice president now owns 64,163 shares in the company, valued at $3,755,460.39. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Joanne D. Smith sold 3,431 shares of Delta Air Lines stock in a transaction that occurred 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 directly owns 108,990 shares in the company, valued at $5,499,635.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 111,200 shares of company stock worth $6,269,469. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $56.89 on Tuesday. The stock’s 50-day moving average is $49.33 and its two-hundred day moving average is $47.86. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. Delta Air Lines, Inc. has a 1 year low of $32.46 and a 1 year high of $59.19. The firm has a market cap of $36.71 billion, a price-to-earnings ratio of 7.90, a PEG ratio of 1.08 and a beta of 1.33.

Delta Air Lines (NYSE:DAL) last issued 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 firm had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $14.65 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. Delta Air Lines’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.03 EPS. Analysts predict that Delta Air Lines, Inc. will post 6.12 earnings per share for the current year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were issued a $0.15 dividend. 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 1.05%. Delta Air Lines’s payout ratio is 8.33%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. raised 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. Susquehanna boosted their price target on shares of Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a research note on Wednesday, October 9th. Barclays increased their price objective on Delta Air Lines from $52.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Sanford C. Bernstein boosted their price objective on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Finally, TD Cowen decreased their price target on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Delta Air Lines currently has an average rating of “Buy” and an average target price of $65.40.

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.