Citizens Financial Group Inc. RI Boosts Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Citizens Financial Group Inc. RI raised its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 4.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,472 shares of the transportation company’s stock after purchasing an additional 3,230 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Delta Air Lines were worth $4,138,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DAL. Bessemer Group Inc. boosted its stake in shares of Delta Air Lines by 5.0% in the first quarter. Bessemer Group Inc. now owns 24,373 shares of the transportation company’s stock valued at $1,166,000 after buying an additional 1,156 shares in the last quarter. Lake Street Advisors Group LLC purchased a new position in Delta Air Lines in the first quarter worth $227,000. CANADA LIFE ASSURANCE Co lifted its holdings in Delta Air Lines by 1.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 178,851 shares of the transportation company’s stock valued at $8,564,000 after acquiring an additional 2,907 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Delta Air Lines by 8.5% during the 1st quarter. Advisors Asset Management Inc. now owns 29,348 shares of the transportation company’s stock worth $1,405,000 after purchasing an additional 2,311 shares in the last quarter. Finally, Toronto Dominion Bank grew its stake in shares of Delta Air Lines by 7.7% during the 1st quarter. Toronto Dominion Bank now owns 318,388 shares of the transportation company’s stock worth $15,241,000 after purchasing an additional 22,799 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

DAL has been the subject of several recent analyst reports. Jefferies Financial Group raised their price objective on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. increased their target price on shares of Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Barclays boosted their price target on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. TD Cowen raised their price objective on Delta Air Lines from $59.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Sanford C. Bernstein boosted their target price 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. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $72.75.

Insider Activity

In related news, SVP William C. Carroll sold 21,530 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at approximately $1,197,608.72. This trade represents a 52.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joanne D. Smith sold 3,431 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. The trade was a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,240 shares of company stock valued at $8,044,893 over the last quarter. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Trading Down 0.3 %

Delta Air Lines stock opened at $63.48 on Friday. The stock has a 50-day moving average price of $54.65 and a 200 day moving average price of $49.08. Delta Air Lines, Inc. has a 52 week low of $35.46 and a 52 week high of $66.25. The stock has a market cap of $40.96 billion, a PE ratio of 8.82, a P/E/G ratio of 1.23 and a beta of 1.33. 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 issued 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 firm had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.03 earnings per share. Equities research analysts predict 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 disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Thursday, October 10th. Delta Air Lines’s dividend payout ratio (DPR) 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.