Delta Air Lines, Inc. (NYSE:DAL) Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,741 shares of the transportation company’s stock after purchasing an additional 2,500 shares during the period. Public Sector Pension Investment Board’s holdings in Delta Air Lines were worth $4,609,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in DAL. Atria Investments Inc acquired a new position in shares of Delta Air Lines in the first quarter worth about $1,152,000. Cetera Investment Advisers boosted its stake in shares of Delta Air Lines by 354.6% during the 1st quarter. Cetera Investment Advisers now owns 218,566 shares of the transportation company’s stock valued at $10,463,000 after buying an additional 170,483 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Delta Air Lines by 1.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 51,895 shares of the transportation company’s stock worth $2,455,000 after buying an additional 961 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Delta Air Lines by 28.6% in the first quarter. EverSource Wealth Advisors LLC now owns 3,606 shares of the transportation company’s stock worth $181,000 after buying an additional 803 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Delta Air Lines by 67.9% in the second quarter. GAMMA Investing LLC now owns 7,388 shares of the transportation company’s stock valued at $350,000 after acquiring an additional 2,987 shares in the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DAL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Sanford C. Bernstein boosted their price target on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. TD Cowen raised their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group reissued a “buy” rating and set a $83.00 target price on shares of Delta Air Lines in a report on Friday, November 15th. Finally, UBS Group reaffirmed a “buy” rating and issued a $88.00 price target on shares of Delta Air Lines in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $75.83.

Insider Transactions at Delta Air Lines

In other news, SVP William C. Carroll sold 21,530 shares of Delta Air Lines stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $60.62, for a total value of $1,305,148.60. Following the transaction, the senior vice president now owns 19,756 shares of the company’s stock, valued at $1,197,608.72. The trade was a 52.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Edward H. Bastian sold 68,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $56.33, for a total transaction of $3,830,440.00. Following the completion of the sale, the chief executive officer now owns 439,819 shares in the company, valued at $24,775,004.27. The trade was a 13.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 140,240 shares of company stock valued at $8,044,893. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Price Performance

Shares of DAL opened at $63.82 on Monday. Delta Air Lines, Inc. has a one year low of $36.19 and a one year high of $66.25. The stock’s fifty day moving average is $56.75 and its 200-day moving average is $49.50. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. The firm has a market capitalization of $41.18 billion, a price-to-earnings ratio of 8.86, a price-to-earnings-growth ratio of 1.21 and a beta of 1.33.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). The company had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.03 earnings per share. Equities analysts anticipate that Delta Air Lines, Inc. will post 6.07 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Thursday, October 10th. Delta Air Lines’s dividend payout ratio (DPR) is presently 8.33%.

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.