Prime Capital Investment Advisors LLC Sells 553 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Prime Capital Investment Advisors LLC lessened its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 18,707 shares of the transportation company’s stock after selling 553 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Delta Air Lines were worth $950,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sei Investments Co. grew its stake in shares of Delta Air Lines by 11.1% during the first quarter. Sei Investments Co. now owns 336,176 shares of the transportation company’s stock valued at $16,093,000 after purchasing an additional 33,646 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Delta Air Lines by 18.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 499,689 shares of the transportation company’s stock valued at $23,920,000 after buying an additional 76,594 shares during the period. First Eagle Investment Management LLC raised its position in shares of Delta Air Lines by 73.4% during the first quarter. First Eagle Investment Management LLC now owns 8,952 shares of the transportation company’s stock worth $429,000 after acquiring an additional 3,788 shares during the last quarter. HBK Sorce Advisory LLC lifted 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 acquiring an additional 221 shares during the period. Finally, Orion Portfolio Solutions LLC boosted its holdings in Delta Air Lines by 4.9% in the first quarter. Orion Portfolio Solutions LLC now owns 24,781 shares of the transportation company’s stock valued at $1,186,000 after acquiring an additional 1,161 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Stock Up 0.6 %

NYSE:DAL opened at $64.84 on Friday. Delta Air Lines, Inc. has a twelve month low of $35.28 and a twelve month high of $66.25. The firm has a market capitalization of $41.84 billion, a price-to-earnings ratio of 9.01, a price-to-earnings-growth ratio of 1.22 and a beta of 1.33. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05. The stock’s 50 day moving average price is $52.17 and its two-hundred day moving average price is $48.51.

Delta Air Lines (NYSE:DAL) last released 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 net margin of 7.71% and a return on equity of 29.93%. The business had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.65 billion. During the same quarter in the prior year, the company earned $2.03 EPS. Delta Air Lines’s quarterly revenue was up 1.2% on a year-over-year basis. 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 declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were paid a $0.15 dividend. 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 dividend payout ratio (DPR) is currently 8.33%.

Insiders Place Their Bets

In related news, EVP Alain Bellemare sold 19,490 shares of Delta Air Lines stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $55.26, for a total value of $1,077,017.40. Following the transaction, the executive vice president now directly owns 121,961 shares of the company’s stock, valued at $6,739,564.86. This trade represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Joanne D. Smith sold 3,431 shares of the company’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 sale, the executive vice president now owns 108,990 shares of the company’s stock, valued at $5,499,635.40. The trade was a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 140,240 shares of company stock worth $8,044,893 over the last three months. Insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. BNP Paribas upgraded shares of Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. Bank of America raised 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. Susquehanna upped their target price on shares of Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. raised their price target on Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Finally, TD Cowen upped their price objective on Delta Air Lines from $59.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $70.23.

About Delta Air Lines

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.