Barnett & Company Inc. lowered its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,950 shares of the transportation company’s stock after selling 1,300 shares during the period. Delta Air Lines comprises approximately 1.4% of Barnett & Company Inc.’s holdings, making the stock its 22nd largest holding. Barnett & Company Inc.’s holdings in Delta Air Lines were worth $3,178,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Huntington National Bank increased its stake in shares of Delta Air Lines by 73.8% during the second quarter. Huntington National Bank now owns 2,701 shares of the transportation company’s stock valued at $134,000 after buying an additional 1,147 shares during the period. Capital Advisors Ltd. LLC purchased a new position in shares of Delta Air Lines during the third quarter valued at $139,000. Point72 Hong Kong Ltd purchased a new position in shares of Delta Air Lines during the second quarter valued at $142,000. Truvestments Capital LLC purchased a new position in shares of Delta Air Lines during the third quarter valued at $143,000. Finally, Baker Ellis Asset Management LLC purchased a new position in shares of Delta Air Lines during the second quarter valued at $163,000. Hedge funds and other institutional investors own 87.94% of the company’s stock.
DAL opened at $56.12 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.37. The stock has a market capitalization of $38.48 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 0.64 and a beta of 0.94. Delta Air Lines, Inc. has a 1 year low of $48.33 and a 1 year high of $60.79.
Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, October 11th. The transportation company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.06. The business had revenue of $11.95 billion during the quarter, compared to the consensus estimate of $11.96 billion. Delta Air Lines had a return on equity of 27.72% and a net margin of 7.87%. During the same quarter last year, the company earned $1.57 earnings per share. Sell-side analysts predict that Delta Air Lines, Inc. will post 5.52 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 28th. Shareholders of record on Wednesday, November 7th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.49%. The ex-dividend date is Tuesday, November 6th. Delta Air Lines’s dividend payout ratio is presently 28.40%.
Several equities analysts have issued reports on the company. ValuEngine upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Imperial Capital lifted their target price on Delta Air Lines from $65.00 to $71.00 and gave the company an “outperform” rating in a research note on Wednesday, August 22nd. Stephens reiterated a “buy” rating and issued a $68.00 target price on shares of Delta Air Lines in a research note on Monday, October 1st. Buckingham Research lifted their target price on Delta Air Lines from $64.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, September 7th. Finally, Citigroup cut their target price on Delta Air Lines from $65.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $67.99.
In other Delta Air Lines news, CEO Edward H. Bastian sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $55.00, for a total value of $1,925,000.00. Following the completion of the sale, the chief executive officer now owns 266,943 shares of the company’s stock, valued at $14,681,865. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director William H. Easter III sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $58.47, for a total value of $175,410.00. The disclosure for this sale can be found here. In the last three months, insiders sold 42,353 shares of company stock valued at $2,350,708. Corporate insiders own 0.33% 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 route network is centered on a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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