Mizuho Securities Co. Ltd. lessened its position in shares of Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 9.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,020 shares of the transportation company’s stock after selling 200 shares during the quarter. Mizuho Securities Co. Ltd.’s holdings in Delta Air Lines were worth $103,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in DAL. Future Financial Wealth Managment LLC purchased a new stake in Delta Air Lines during the 3rd quarter valued at about $25,000. Kimelman & Baird LLC purchased a new stake in shares of Delta Air Lines in the second quarter worth about $31,000. Ashton Thomas Securities LLC acquired a new stake in Delta Air Lines during the third quarter worth about $31,000. Strategic Financial Concepts LLC acquired a new stake in Delta Air Lines during the second quarter worth about $36,000. Finally, Unique Wealth Strategies LLC acquired a new stake in Delta Air Lines during the second quarter worth about $40,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.
Wall Street Analysts Forecast Growth
DAL has been the topic of several analyst reports. Susquehanna raised their target price on Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a report on Wednesday, October 9th. BNP Paribas raised Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. Sanford C. Bernstein raised their target price on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Bank of America increased their price target on Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Finally, Barclays increased their price target on Delta Air Lines from $52.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. One investment 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 data from MarketBeat, the company has an average rating of “Buy” and an average target price of $67.73.
Delta Air Lines Trading Up 1.2 %
Delta Air Lines stock traded up $0.75 during trading on Wednesday, reaching $64.80. 3,416,564 shares of the company were exchanged, compared to its average volume of 9,383,154. Delta Air Lines, Inc. has a 52-week low of $34.87 and a 52-week high of $65.65. The company has a market capitalization of $41.81 billion, a P/E ratio of 8.90, a PEG ratio of 1.21 and a beta of 1.33. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34. The stock’s 50 day simple moving average is $51.72 and its two-hundred day simple moving average is $48.40.
Delta Air Lines (NYSE:DAL – Get Free Report) last announced its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.65 billion. During the same quarter in the previous year, the business posted $2.03 EPS. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts expect that Delta Air Lines, Inc. will post 6.07 earnings per share for the current fiscal 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. The ex-dividend date was Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a yield of 0.93%. Delta Air Lines’s payout ratio is 8.33%.
Insiders Place Their Bets
In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the completion of the sale, the senior vice president now owns 19,756 shares of the company’s stock, valued at $1,197,608.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP William C. Carroll sold 21,530 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the completion of the transaction, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at $1,197,608.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Joanne D. Smith sold 3,431 shares of the business’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $50.46, for a total value of $173,128.26. Following the transaction, the executive vice president now directly owns 108,990 shares of the company’s stock, valued at $5,499,635.40. The trade was a 0.00 % 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. 0.96% of the stock is owned by 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.
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