Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by AlphaCentric Advisors LLC

AlphaCentric Advisors LLC lowered its position in Delta Air Lines, Inc. (NYSE:DAL) by 3.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 6,951 shares of the transportation company’s stock after selling 214 shares during the quarter. AlphaCentric Advisors LLC’s holdings in Delta Air Lines were worth $353,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Manchester Capital Management LLC lifted its holdings in Delta Air Lines by 24.7% in the 1st quarter. Manchester Capital Management LLC now owns 983 shares of the transportation company’s stock worth $47,000 after buying an additional 195 shares in the last quarter. Armstrong Advisory Group Inc. increased its position in shares of Delta Air Lines by 13.8% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 1,645 shares of the transportation company’s stock worth $84,000 after purchasing an additional 200 shares during the last quarter. Oakworth Capital Inc. increased its position in shares of Delta Air Lines by 16.9% in the 3rd quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company’s stock worth $72,000 after purchasing an additional 204 shares during the last quarter. HBK Sorce Advisory LLC increased its position in shares of Delta Air Lines by 4.0% in the 1st quarter. HBK Sorce Advisory LLC now owns 5,772 shares of the transportation company’s stock worth $276,000 after purchasing an additional 221 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Delta Air Lines by 6.0% in the 3rd quarter. Van ECK Associates Corp now owns 4,198 shares of the transportation company’s stock worth $229,000 after purchasing an additional 239 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DAL shares. Barclays boosted their target price on shares of Delta Air Lines from $52.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Sanford C. Bernstein boosted their target price on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. TD Cowen lowered their price objective 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. Jefferies Financial Group boosted their price objective on shares of Delta Air Lines from $56.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Finally, BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $65.40.

Delta Air Lines Price Performance

NYSE DAL opened at $56.89 on Tuesday. The company has a 50-day moving average price of $49.33 and a two-hundred day moving average price of $47.86. The stock has a market cap of $36.71 billion, a price-to-earnings ratio of 7.90, a price-to-earnings-growth ratio of 1.10 and a beta of 1.33. Delta Air Lines, Inc. has a 52 week low of $32.46 and a 52 week high of $59.19. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). The company had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The company’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.03 earnings per share. Analysts forecast that Delta Air Lines, Inc. will post 6.12 EPS for the current year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Thursday, October 10th. Delta Air Lines’s dividend payout ratio is currently 8.33%.

Insider Activity at Delta Air Lines

In related news, EVP Steven M. Sear sold 10,279 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $58.72, for a total transaction of $603,582.88. Following the completion of the sale, the executive vice president now directly owns 78,459 shares of the company’s stock, valued at $4,607,112.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Delta Air Lines news, EVP Joanne D. Smith sold 3,431 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $50.46, for a total value of $173,128.26. Following the transaction, the executive vice president now owns 108,990 shares in the company, valued at approximately $5,499,635.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven M. Sear sold 10,279 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $58.72, for a total transaction of $603,582.88. Following the completion of the transaction, the executive vice president now owns 78,459 shares in the company, valued at approximately $4,607,112.48. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 111,200 shares of company stock valued at $6,269,469 over the last ninety days. Insiders own 0.96% of the company’s stock.

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.