Pathstone Holdings LLC Purchases 4,413 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Pathstone Holdings LLC grew its position in Delta Air Lines, Inc. (NYSE:DAL) by 8.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,926 shares of the transportation company’s stock after acquiring an additional 4,413 shares during the quarter. Pathstone Holdings LLC’s holdings in Delta Air Lines were worth $2,891,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DAL. Future Financial Wealth Managment LLC purchased a new stake in Delta Air Lines in the third quarter worth $25,000. Kimelman & Baird LLC purchased a new stake in Delta Air Lines in the 2nd quarter valued at about $31,000. Ashton Thomas Securities LLC bought a new position in Delta Air Lines in the 3rd quarter worth about $31,000. Strategic Financial Concepts LLC purchased a new position in shares of Delta Air Lines during the second quarter worth approximately $36,000. Finally, Unique Wealth Strategies LLC bought a new stake in shares of Delta Air Lines during the second quarter valued at approximately $40,000. Institutional investors own 69.93% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on DAL. Deutsche Bank Aktiengesellschaft lifted their target price on Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Susquehanna upped their price objective on shares of Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a research note on Wednesday, October 9th. Barclays boosted their price target on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. increased their price objective 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. Finally, Jefferies Financial Group boosted their price objective on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $72.75.

Insider Activity

In related news, CEO Edward H. Bastian sold 68,000 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $56.33, for a total value of $3,830,440.00. Following the transaction, the chief executive officer now owns 439,819 shares in the company, valued at approximately $24,775,004.27. This represents a 13.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $1,305,148.60. Following the sale, the senior vice president now owns 19,756 shares of the company’s stock, valued at approximately $1,197,608.72. The trade was a 52.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,240 shares of company stock valued at $8,044,893. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Price Performance

Shares of DAL stock opened at $64.48 on Tuesday. Delta Air Lines, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $66.25. 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 $41.61 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 1.20 and a beta of 1.33. The stock’s 50-day simple moving average is $55.40 and its 200-day simple moving average is $49.19.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.02). The company had revenue of $15.68 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.03 EPS. As a group, equities analysts forecast that Delta Air Lines, Inc. will post 6.07 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a dividend of $0.15 per share. 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 is currently 8.33%.

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.