Woodmont Investment Counsel LLC Acquires 437 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Woodmont Investment Counsel LLC boosted its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 1.1% during the third quarter, HoldingsChannel.com reports. The fund owned 41,598 shares of the transportation company’s stock after purchasing an additional 437 shares during the period. Woodmont Investment Counsel LLC’s holdings in Delta Air Lines were worth $2,113,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Capital World Investors increased its holdings in shares of Delta Air Lines by 0.3% during the first quarter. Capital World Investors now owns 15,030,836 shares of the transportation company’s stock worth $719,526,000 after buying an additional 49,712 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Delta Air Lines by 12.5% during the second quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock worth $471,330,000 after buying an additional 1,105,674 shares in the last quarter. LSV Asset Management increased its holdings in shares of Delta Air Lines by 6.3% during the first quarter. LSV Asset Management now owns 3,528,883 shares of the transportation company’s stock worth $168,928,000 after buying an additional 208,436 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Delta Air Lines by 96.1% during the first quarter. Russell Investments Group Ltd. now owns 2,487,387 shares of the transportation company’s stock worth $119,057,000 after buying an additional 1,219,074 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC increased its holdings in shares of Delta Air Lines by 17.0% during the first quarter. Silvercrest Asset Management Group LLC now owns 1,826,473 shares of the transportation company’s stock worth $87,433,000 after buying an additional 265,886 shares in the last quarter. 69.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Susquehanna increased their price target on shares of Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a research note on Wednesday, October 9th. BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. JPMorgan Chase & Co. increased their price target 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. Barclays increased their price target on shares of Delta Air Lines from $52.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Finally, Sanford C. Bernstein increased their price target on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and a consensus price target of $65.40.

Insider Transactions at Delta Air Lines

In other news, EVP Joanne D. Smith sold 3,431 shares of Delta Air Lines stock in a transaction on Friday, October 11th. The shares were sold at an average price of $50.46, for a total transaction of $173,128.26. Following the transaction, the executive vice president now directly owns 108,990 shares of the company’s stock, valued at $5,499,635.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Joanne D. Smith sold 3,431 shares of the stock in a transaction dated 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 directly owns 108,990 shares in the company, valued at approximately $5,499,635.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Edward H. Bastian sold 68,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $56.33, for a total value of $3,830,440.00. Following the completion of the sale, the chief executive officer now owns 439,819 shares in the company, valued at $24,775,004.27. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 111,200 shares of company stock valued at $6,269,469 over the last three months. 0.96% of the stock is currently owned by corporate insiders.

Delta Air Lines Trading Up 6.9 %

Shares of NYSE DAL opened at $62.29 on Thursday. The company’s fifty day moving average is $50.12 and its 200-day moving average is $48.04. The stock has a market cap of $40.19 billion, a price-to-earnings ratio of 8.65, a P/E/G ratio of 1.10 and a beta of 1.33. Delta Air Lines, Inc. has a twelve month low of $32.61 and a twelve month high of $62.66. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.03 earnings per share. Equities research analysts predict that Delta Air Lines, Inc. will post 6.12 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently declared 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 was Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.96%. Delta Air Lines’s dividend payout ratio is 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.