Lifeworks Advisors LLC Acquires 396 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Lifeworks Advisors LLC boosted its position in Delta Air Lines, Inc. (NYSE:DAL) by 8.9% during the 3rd quarter, Holdings Channel reports. The fund owned 4,836 shares of the transportation company’s stock after buying an additional 396 shares during the period. Lifeworks Advisors LLC’s holdings in Delta Air Lines were worth $246,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DAL. Sei Investments Co. boosted its holdings in Delta Air Lines by 11.1% in the first quarter. Sei Investments Co. now owns 336,176 shares of the transportation company’s stock worth $16,093,000 after acquiring an additional 33,646 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Delta Air Lines by 18.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 499,689 shares of the transportation company’s stock valued at $23,920,000 after purchasing an additional 76,594 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Delta Air Lines by 73.4% in the first quarter. First Eagle Investment Management LLC now owns 8,952 shares of the transportation company’s stock valued at $429,000 after purchasing an additional 3,788 shares in the last quarter. HBK Sorce Advisory LLC lifted its holdings in shares of Delta Air Lines by 4.0% in the first quarter. HBK Sorce Advisory LLC now owns 5,772 shares of the transportation company’s stock valued at $276,000 after purchasing an additional 221 shares in the last quarter. Finally, Orion Portfolio Solutions LLC lifted its holdings in shares of Delta Air Lines by 4.9% in the first quarter. Orion Portfolio Solutions LLC now owns 24,781 shares of the transportation company’s stock valued at $1,186,000 after purchasing an additional 1,161 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Analyst Ratings Changes

DAL has been the topic of a number of recent research reports. BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. Sanford C. Bernstein increased their price target on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Bank of America increased their price target on Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Jefferies Financial Group increased their price target on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research report on Monday. Finally, Barclays increased their price target on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $70.23.

Delta Air Lines Price Performance

Shares of NYSE DAL opened at $64.84 on Friday. The stock has a market cap of $41.84 billion, a PE ratio of 9.01, a price-to-earnings-growth ratio of 1.23 and a beta of 1.33. Delta Air Lines, Inc. has a fifty-two week low of $35.28 and a fifty-two week high of $66.25. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. The stock has a fifty day moving average of $52.17 and a 200-day moving average of $48.51.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 7.71% and a return on equity of 29.93%. 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 business posted $2.03 EPS. Equities research analysts anticipate that Delta Air Lines, Inc. will post 6.07 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.93%. The ex-dividend date was Thursday, October 10th. Delta Air Lines’s dividend payout ratio is 8.33%.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, EVP Joanne D. Smith sold 3,431 shares of Delta Air Lines 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 sale, the executive vice president now owns 108,990 shares of the company’s stock, valued at $5,499,635.40. The trade was a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 sale, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at approximately $24,775,004.27. This trade represents a 13.39 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 140,240 shares of company stock valued at $8,044,893. Company insiders own 0.96% of the company’s stock.

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.