Delta Air Lines, Inc. (NYSE:DAL) Shares Bought by Empower Advisory Group LLC

Empower Advisory Group LLC increased its stake in Delta Air Lines, Inc. (NYSE:DAL) by 3.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 20,064 shares of the transportation company’s stock after acquiring an additional 641 shares during the period. Empower Advisory Group LLC’s holdings in Delta Air Lines were worth $1,019,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Armstrong Advisory Group Inc. grew its holdings in Delta Air Lines by 13.8% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 1,645 shares of the transportation company’s stock worth $84,000 after buying an additional 200 shares in the last quarter. Oakworth Capital Inc. grew its stake in shares of Delta Air Lines by 16.9% in the third quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company’s stock worth $72,000 after purchasing an additional 204 shares in the last quarter. Total Investment Management Inc. increased its holdings in shares of Delta Air Lines by 3.0% during the third quarter. Total Investment Management Inc. now owns 7,357 shares of the transportation company’s stock valued at $374,000 after purchasing an additional 212 shares during the period. HBK Sorce Advisory LLC raised its stake in shares of Delta Air Lines by 4.0% during 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, Van ECK Associates Corp lifted its holdings in Delta Air Lines by 6.0% in the third quarter. Van ECK Associates Corp now owns 4,198 shares of the transportation company’s stock worth $229,000 after purchasing an additional 239 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analyst Ratings Changes

DAL has been the topic of a number of recent analyst reports. Susquehanna boosted their price target on shares of Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 9th. TD Cowen increased their price target on Delta Air Lines from $59.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday. Bank of America boosted their price objective on Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Sanford C. Bernstein raised their target price on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Finally, BNP Paribas raised Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Delta Air Lines has an average rating of “Buy” and an average price target of $70.23.

Delta Air Lines Stock Performance

Delta Air Lines stock opened at $64.84 on Friday. The firm’s 50 day simple moving average is $52.17 and its 200-day simple moving average is $48.51. The company has a market cap of $41.84 billion, a P/E ratio of 9.01, a price-to-earnings-growth ratio of 1.22 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 current ratio of 0.39 and a quick ratio of 0.34.

Delta Air Lines (NYSE:DAL) last announced 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). Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The business had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $14.65 billion. During the same period in the prior year, the company posted $2.03 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts predict that Delta Air Lines, Inc. will post 6.07 EPS for the current year.

Delta Air Lines Dividend Announcement

The business also recently disclosed 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. This represents a $0.60 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Thursday, October 10th. Delta Air Lines’s payout ratio is presently 8.33%.

Insider Buying and Selling at Delta Air Lines

In other news, SVP William C. Carroll sold 21,530 shares of the company’s 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 transaction, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at approximately $1,197,608.72. This represents a 52.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Edward H. Bastian sold 68,000 shares of Delta Air Lines stock in a transaction on Monday, October 28th. The shares were 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. The trade was a 13.39 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 140,240 shares of company stock worth $8,044,893. 0.96% of the stock is currently owned by company insiders.

Delta Air Lines 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.