Generate Investment Management Ltd Raises Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Generate Investment Management Ltd lifted its position in Delta Air Lines, Inc. (NYSE:DAL) by 4.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 204,479 shares of the transportation company’s stock after purchasing an additional 8,321 shares during the period. Generate Investment Management Ltd’s holdings in Delta Air Lines were worth $10,385,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Future Financial Wealth Managment LLC purchased a new stake in shares of Delta Air Lines in the 3rd quarter worth $25,000. Kimelman & Baird LLC purchased a new stake in Delta Air Lines in the second quarter worth about $31,000. Strategic Financial Concepts LLC bought a new position in Delta Air Lines during the 2nd quarter worth about $36,000. Unique Wealth Strategies LLC purchased a new position in Delta Air Lines during the 2nd quarter valued at about $40,000. Finally, Quarry LP bought a new stake in shares of Delta Air Lines in the 2nd quarter valued at about $41,000. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Up 1.0 %

Shares of Delta Air Lines stock opened at $55.80 on Friday. The firm’s 50 day simple moving average is $45.81 and its two-hundred day simple moving average is $47.14. The firm has a market capitalization of $36.01 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 0.98 and a beta of 1.35. Delta Air Lines, Inc. has a 12-month low of $30.60 and a 12-month high of $56.48. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21.

Delta Air Lines (NYSE:DAL) last released its 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). Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The firm had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.65 billion. During the same period in the previous year, the company earned $2.03 earnings per share. Delta Air Lines’s revenue was up 1.2% on a year-over-year basis. Analysts predict that Delta Air Lines, Inc. will post 6.17 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be given a $0.15 dividend. The ex-dividend date is Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.08%. Delta Air Lines’s dividend payout ratio is currently 8.63%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. lifted their price target on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Susquehanna raised their price objective on Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a research report on Wednesday, October 9th. Sanford C. Bernstein lifted 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, TD Cowen decreased their price target on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $65.40.

Insider Buying and Selling

In other Delta Air Lines news, EVP Joanne D. Smith sold 3,431 shares of Delta Air Lines 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 directly owns 108,990 shares in the company, valued at approximately $5,499,635.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Joanne D. Smith sold 3,431 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 108,990 shares of the company’s stock, valued at $5,499,635.40. This trade represents a 0.00 % 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, EVP Alain Bellemare sold 19,490 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now owns 121,961 shares of the company’s stock, valued at $6,739,564.86. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is owned by corporate insiders.

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.