Schear Investment Advisers LLC Buys 1,885 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Schear Investment Advisers LLC increased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 8.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 24,986 shares of the transportation company’s stock after purchasing an additional 1,885 shares during the period. Schear Investment Advisers LLC’s holdings in Delta Air Lines were worth $1,269,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Senator Investment Group LP lifted its position in shares of Delta Air Lines by 90.0% during the 2nd quarter. Senator Investment Group LP now owns 475,000 shares of the transportation company’s stock worth $22,534,000 after purchasing an additional 225,000 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Delta Air Lines by 5.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 268,636 shares of the transportation company’s stock worth $13,644,000 after purchasing an additional 13,802 shares during the last quarter. Olstein Capital Management L.P. lifted its position in shares of Delta Air Lines by 32.6% during the 3rd quarter. Olstein Capital Management L.P. now owns 175,000 shares of the transportation company’s stock worth $8,888,000 after purchasing an additional 43,000 shares during the last quarter. River Road Asset Management LLC lifted its position in shares of Delta Air Lines by 22.8% during the 3rd quarter. River Road Asset Management LLC now owns 130,608 shares of the transportation company’s stock worth $6,634,000 after purchasing an additional 24,249 shares during the last quarter. Finally, abrdn plc lifted its position in shares of Delta Air Lines by 36.0% during the 3rd quarter. abrdn plc now owns 135,098 shares of the transportation company’s stock worth $6,859,000 after purchasing an additional 35,792 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DAL shares. 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. TD Cowen upped their price target on Delta Air Lines from $59.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. upped their price target on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, October 11th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $83.00 price target on shares of Delta Air Lines in a report on Friday. Finally, Barclays upped their price target on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $71.22.

Delta Air Lines Stock Down 1.2 %

NYSE DAL opened at $64.07 on Friday. The firm has a market cap of $41.34 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 1.23 and a beta of 1.33. Delta Air Lines, Inc. has a one year low of $35.28 and a one year high of $66.25. The stock’s 50 day simple moving average is $53.06 and its 200 day simple moving average is $48.71. 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 (NYSE:DAL) last released its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). The business 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 firm’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company earned $2.03 earnings per share. As a group, sell-side analysts forecast that Delta Air Lines, Inc. will post 6.07 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors 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 yield of 0.94%. Delta Air Lines’s dividend payout ratio (DPR) is presently 8.33%.

Insider Buying and Selling

In other Delta Air Lines news, EVP Allison C. Ausband sold 7,510 shares of the 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 in the company, valued at approximately $3,688,130.14. This trade represents a 11.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP William C. Carroll sold 21,530 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $60.62, for a total value of $1,305,148.60. Following the completion of the transaction, the senior vice president now owns 19,756 shares in the company, valued at $1,197,608.72. The trade was a 52.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 140,240 shares of company stock worth $8,044,893 in the last three months. Insiders own 0.96% of the company’s stock.

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.