Sentry Investment Management LLC Reduces Stake in Delta Air Lines, Inc. $DAL

Sentry Investment Management LLC trimmed its position in Delta Air Lines, Inc. (NYSE:DAL) by 35.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,687 shares of the transportation company’s stock after selling 2,533 shares during the quarter. Sentry Investment Management LLC’s holdings in Delta Air Lines were worth $237,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in DAL. Signature Resources Capital Management LLC purchased a new stake in Delta Air Lines during the second quarter worth $25,000. Activest Wealth Management lifted its stake in Delta Air Lines by 2,280.8% in the 2nd quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock valued at $30,000 after buying an additional 593 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new stake in Delta Air Lines in the 1st quarter valued at about $31,000. Zions Bancorporation National Association UT acquired a new stake in Delta Air Lines in the 1st quarter valued at about $33,000. Finally, Hara Capital LLC purchased a new stake in shares of Delta Air Lines during the 1st quarter valued at approximately $35,000. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $59.70 on Monday. The firm has a market capitalization of $38.98 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 1.37 and a beta of 1.50. The business’s 50-day moving average price is $59.35 and its 200-day moving average price is $52.22. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.68. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 earnings per share for the quarter. The business had revenue of $8.40 billion for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%. Equities research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 16th will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, October 16th. Delta Air Lines’s payout ratio is currently 10.56%.

Analyst Upgrades and Downgrades

DAL has been the topic of several research analyst reports. HSBC lifted their price target on shares of Delta Air Lines from $69.20 to $73.70 and gave the stock a “buy” rating in a research note on Friday, October 10th. TD Cowen upped their price target on shares of Delta Air Lines from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Wolfe Research increased their price objective on shares of Delta Air Lines from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. UBS Group lifted their price objective on shares of Delta Air Lines from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Finally, Susquehanna raised their price objective on shares of Delta Air Lines from $68.00 to $70.00 and gave the company a “positive” rating in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $71.53.

Insider Buying and Selling

In related news, Director Michael P. Huerta sold 2,500 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $60.70, for a total value of $151,750.00. Following the completion of the transaction, the director directly owned 33,245 shares in the company, valued at approximately $2,017,971.50. This represents a 6.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP William C. Carroll sold 14,010 shares of the firm’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total value of $858,112.50. Following the completion of the sale, the senior vice president owned 15,816 shares in the company, valued at approximately $968,730. This represents a 46.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 51,510 shares of company stock valued at $2,979,663. 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.