Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. reduced its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4.0% during the third quarter, Holdings Channel.com reports. The fund owned 52,128 shares of the transportation company’s stock after selling 2,180 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Delta Air Lines were worth $2,648,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new position in shares of Delta Air Lines in the 3rd quarter worth approximately $25,000. Kimelman & Baird LLC acquired a new position in Delta Air Lines in the second quarter worth approximately $31,000. Ashton Thomas Securities LLC bought a new position in shares of Delta Air Lines in the third quarter valued at $31,000. Strategic Financial Concepts LLC acquired a new stake in shares of Delta Air Lines during the 2nd quarter valued at $36,000. Finally, Unique Wealth Strategies LLC bought a new stake in shares of Delta Air Lines during the 2nd quarter worth $40,000. 69.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP William C. Carroll sold 21,530 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the transaction, the senior vice president now owns 19,756 shares of the company’s stock, valued at approximately $1,197,608.72. This represents a 52.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Joanne D. Smith sold 3,431 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $50.46, for a total value of $173,128.26. Following the completion of the sale, the executive vice president now owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. This trade represents a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 140,240 shares of company stock valued at $8,044,893 over the last ninety days. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Performance

NYSE DAL opened at $63.34 on Monday. 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, Inc. has a 1-year low of $35.46 and a 1-year high of $66.25. The firm’s fifty day simple moving average is $55.01 and its 200-day simple moving average is $49.11. The company has a market capitalization of $40.87 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 1.20 and a beta of 1.33.

Delta Air Lines (NYSE:DAL) last issued 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 firm 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 business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.03 earnings per share. As a group, sell-side analysts anticipate that Delta Air Lines, Inc. will post 6.07 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Thursday, October 10th. Delta Air Lines’s dividend payout ratio (DPR) is presently 8.33%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Barclays upped their target price on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Sanford C. Bernstein raised their target price on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. boosted their price target on shares of Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, October 11th. BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $83.00 target price on shares of Delta Air Lines in a research note on Friday, November 15th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Delta Air Lines currently has a consensus rating of “Buy” and a consensus target price of $72.75.

About Delta Air Lines

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.