Delta Air Lines, Inc. (NYSE:DAL) Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 0.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 626,112 shares of the transportation company’s stock after acquiring an additional 1,972 shares during the period. Rockefeller Capital Management L.P.’s holdings in Delta Air Lines were worth $31,799,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Swedbank AB purchased a new stake in shares of Delta Air Lines in the first quarter valued at approximately $5,646,000. Atria Investments Inc acquired a new position in Delta Air Lines during the first quarter worth $1,152,000. Burney Co. lifted its holdings in Delta Air Lines by 159.3% during the first quarter. Burney Co. now owns 14,946 shares of the transportation company’s stock valued at $715,000 after purchasing an additional 9,183 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Delta Air Lines by 354.6% during the first quarter. Cetera Investment Advisers now owns 218,566 shares of the transportation company’s stock valued at $10,463,000 after purchasing an additional 170,483 shares in the last quarter. Finally, Cetera Advisors LLC grew its position in shares of Delta Air Lines by 137.4% in the first quarter. Cetera Advisors LLC now owns 111,571 shares of the transportation company’s stock valued at $5,341,000 after purchasing an additional 64,579 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

NYSE DAL opened at $63.82 on Friday. The stock has a market cap of $41.18 billion, a PE ratio of 8.86, a P/E/G ratio of 1.21 and a beta of 1.33. Delta Air Lines, Inc. has a twelve month low of $36.19 and a twelve month high of $66.25. The stock has a fifty day simple moving average of $56.75 and a 200-day simple moving average of $49.52. 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 data on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $14.65 billion. During the same quarter in the prior year, the company posted $2.03 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. Equities analysts anticipate that Delta Air Lines, Inc. will post 6.07 earnings per share for the current year.

Delta Air Lines Announces Dividend

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

Insider Activity at Delta Air Lines

In other Delta Air Lines news, EVP Joanne D. Smith sold 3,431 shares of the firm’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 completion of the transaction, the executive vice president now owns 108,990 shares of the company’s stock, valued at $5,499,635.40. This trade represents a 3.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Allison C. Ausband sold 7,510 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total value of $470,276.20. Following the completion of the sale, the executive vice president now owns 58,897 shares in the company, valued at approximately $3,688,130.14. The trade was a 11.31 % 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 in the last three months. 0.96% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. TD Cowen raised their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Citigroup raised their target price on Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. UBS Group reissued a “buy” rating and issued a $88.00 price objective on shares of Delta Air Lines in a research note on Tuesday, November 26th. Jefferies Financial Group raised their price objective on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and an average target price of $75.83.

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.