Delta Air Lines, Inc. (NYSE:DAL) Stock Holdings Trimmed by Swedbank AB

Swedbank AB decreased its position in Delta Air Lines, Inc. (NYSE:DAL) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 116,437 shares of the transportation company’s stock after selling 755 shares during the quarter. Swedbank AB’s holdings in Delta Air Lines were worth $5,914,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new stake in shares of Delta Air Lines during the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new position in shares of Delta Air Lines during the third quarter valued at approximately $31,000. Kimelman & Baird LLC bought a new stake in shares of Delta Air Lines in the 2nd quarter worth approximately $31,000. Unique Wealth Strategies LLC acquired a new position in Delta Air Lines during the 2nd quarter valued at approximately $40,000. Finally, Quarry LP acquired a new stake in Delta Air Lines in the second quarter worth $41,000. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Stock Down 0.8 %

Delta Air Lines stock opened at $63.60 on Thursday. The company has a market capitalization of $41.04 billion, a P/E ratio of 8.83, a P/E/G ratio of 1.23 and a beta of 1.33. Delta Air Lines, Inc. has a 1-year low of $35.46 and a 1-year high of $66.25. The firm’s fifty day simple moving average is $56.08 and its 200-day simple moving average is $49.37. 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 (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 company had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. Delta Air Lines’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.03 EPS. Sell-side analysts forecast 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 declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Thursday, October 10th. Delta Air Lines’s dividend payout ratio is 8.33%.

Insider Transactions at Delta Air Lines

In other news, CEO Edward H. Bastian sold 68,000 shares of Delta Air Lines stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $56.33, for a total value of $3,830,440.00. Following the transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $24,775,004.27. The trade was a 13.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $173,128.26. Following 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 disclosure for this sale can be found here. Over the last three months, insiders sold 140,240 shares of company stock worth $8,044,893. 0.96% of the stock is owned by insiders.

Analysts Set New Price Targets

DAL has been the subject of several analyst reports. Bank of America boosted their price target on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, October 11th. JPMorgan Chase & Co. lifted their price target on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. The Goldman Sachs Group reiterated a “buy” rating and issued a $83.00 target price on shares of Delta Air Lines in a report on Friday, November 15th. Jefferies Financial Group lifted their price objective on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, BNP Paribas raised Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $75.83.

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.