Empowered Funds LLC Has $17.18 Million Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Empowered Funds LLC raised its position in Delta Air Lines, Inc. (NYSE:DAL) by 18.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 338,331 shares of the transportation company’s stock after purchasing an additional 52,775 shares during the quarter. Empowered Funds LLC’s holdings in Delta Air Lines were worth $17,184,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new stake in shares of Delta Air Lines in the 3rd quarter valued at approximately $25,000. Kimelman & Baird LLC bought a new stake in Delta Air Lines during the second quarter worth $31,000. Ashton Thomas Securities LLC acquired a new stake in Delta Air Lines in the third quarter valued at $31,000. Strategic Financial Concepts LLC acquired a new position in shares of Delta Air Lines during the 2nd quarter worth about $36,000. Finally, Unique Wealth Strategies LLC acquired a new position in shares of Delta Air Lines during the 2nd quarter worth about $40,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Price Performance

Shares of Delta Air Lines stock opened at $65.14 on Friday. The company has a fifty day moving average of $52.17 and a 200-day moving average of $48.51. Delta Air Lines, Inc. has a 52-week low of $35.28 and a 52-week high of $66.25. The stock has a market capitalization of $42.03 billion, a price-to-earnings ratio of 9.01, a price-to-earnings-growth ratio of 1.23 and a beta of 1.33. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results 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 company had revenue of $15.68 billion for the quarter, compared to the consensus estimate 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 revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.03 earnings per share. Equities research analysts expect that Delta Air Lines, Inc. will post 6.07 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.60 annualized dividend and a yield of 0.92%. Delta Air Lines’s payout ratio is currently 8.33%.

Insiders Place Their Bets

In other Delta Air Lines 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 completion of the transaction, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,197,608.72. This represents a 52.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alain Bellemare sold 19,490 shares of Delta Air Lines stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $55.26, for a total transaction of $1,077,017.40. Following the sale, the executive vice president now directly owns 121,961 shares in the company, valued at $6,739,564.86. The trade was a 13.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 140,240 shares of company stock valued at $8,044,893 in the last quarter. Insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DAL shares. Jefferies Financial Group raised their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a report on Monday. Sanford C. Bernstein lifted their price target 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. BNP Paribas upgraded shares of Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. Susquehanna upped their target price on Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. upped their price target on shares of Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $71.22.

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.