Delta Air Lines, Inc. $DAL Shares Acquired by Howard Capital Management Inc.

Howard Capital Management Inc. increased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 88,651 shares of the transportation company’s stock after buying an additional 287 shares during the period. Howard Capital Management Inc.’s holdings in Delta Air Lines were worth $4,360,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in DAL. Brighton Jones LLC raised its holdings in shares of Delta Air Lines by 33.5% in the 4th quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock valued at $555,000 after purchasing an additional 2,302 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Delta Air Lines by 3.7% during the first quarter. GAMMA Investing LLC now owns 9,585 shares of the transportation company’s stock worth $418,000 after purchasing an additional 344 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Delta Air Lines by 16.3% in the first quarter. Sequoia Financial Advisors LLC now owns 18,916 shares of the transportation company’s stock valued at $825,000 after buying an additional 2,645 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in Delta Air Lines in the first quarter valued at $875,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Delta Air Lines by 9.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 71,547 shares of the transportation company’s stock valued at $3,137,000 after buying an additional 6,387 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Down 0.8%

NYSE:DAL opened at $60.45 on Tuesday. The company has a market capitalization of $39.47 billion, a PE ratio of 8.51, a P/E/G ratio of 1.40 and a beta of 1.50. Delta Air Lines, Inc. has a 52-week low of $34.74 and a 52-week high of $69.98. The stock’s 50 day moving average price is $59.60 and its 200 day moving average price is $53.13. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.68.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 earnings per share for the quarter. The business had revenue of $8.40 billion during the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%. On average, research analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, October 16th. Delta Air Lines’s dividend payout ratio is presently 10.56%.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, Director Michael P. Huerta sold 2,500 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $60.70, for a total value of $151,750.00. Following the transaction, the director directly owned 33,245 shares in the company, valued at approximately $2,017,971.50. This trade represents a 6.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John E. Laughter sold 23,323 shares of the business’s stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total value of $1,453,722.59. Following the completion of the transaction, the executive vice president directly owned 81,109 shares in the company, valued at approximately $5,055,523.97. The trade was a 22.33% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,833 shares of company stock worth $2,463,585. Company insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. HSBC upped their price objective on Delta Air Lines from $69.20 to $73.70 and gave the stock a “buy” rating in a research report on Friday, October 10th. Morgan Stanley raised their target price on Delta Air Lines from $88.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Bernstein Bank boosted their target price on Delta Air Lines from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, July 11th. Susquehanna upped their price target on Delta Air Lines from $68.00 to $70.00 and gave the company a “positive” rating in a report on Friday, October 10th. Finally, BNP Paribas Exane increased their price target on shares of Delta Air Lines from $58.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $71.53.

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.