Boston Partners Sells 10,675 Shares of Delta Air Lines, Inc. $DAL

Boston Partners lessened its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 37.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,783 shares of the transportation company’s stock after selling 10,675 shares during the period. Boston Partners’ holdings in Delta Air Lines were worth $875,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Signature Resources Capital Management LLC purchased a new position in Delta Air Lines during the 2nd quarter valued at $25,000. NewSquare Capital LLC lifted its position in shares of Delta Air Lines by 184.6% during the second quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock worth $28,000 after purchasing an additional 371 shares during the last quarter. Activest Wealth Management boosted its stake in shares of Delta Air Lines by 2,280.8% during the second quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 593 shares during the period. Wealth Preservation Advisors LLC bought a new position in shares of Delta Air Lines in the first quarter worth about $31,000. Finally, Zions Bancorporation National Association UT purchased a new position in Delta Air Lines in the 1st quarter worth about $33,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 14,010 shares of the firm’s stock in a transaction that occurred 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 directly owned 15,816 shares in the company, valued at $968,730. This trade represents a 46.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael P. Huerta sold 2,500 shares of Delta Air Lines stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $60.70, for a total transaction of $151,750.00. Following the completion of the transaction, the director directly owned 33,245 shares in the company, valued at $2,017,971.50. This represents a 6.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 39,833 shares of company stock valued at $2,463,585 in the last 90 days. Insiders own 0.88% of the company’s stock.

Delta Air Lines Stock Down 2.6%

Shares of NYSE DAL opened at $58.35 on Friday. Delta Air Lines, Inc. has a 12-month low of $34.74 and a 12-month high of $69.98. The stock’s fifty day simple moving average is $58.87 and its two-hundred day simple moving average is $54.83. The stock has a market capitalization of $38.10 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 1.35 and a beta of 1.52. 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 (NYSE:DAL) last issued its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 earnings per share for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%.The firm had revenue of $8.40 billion during the quarter. As a group, analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th were issued 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 was Thursday, October 16th. Delta Air Lines’s dividend payout ratio (DPR) is currently 10.56%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wolfe Research boosted 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 report on Wednesday, October 8th. HSBC boosted their price target on Delta Air Lines from $69.20 to $73.70 and gave the company a “buy” rating in a report on Friday, October 10th. Wall Street Zen upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Bank of America lifted their target price on Delta Air Lines from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Finally, Sanford C. Bernstein upped their target price on Delta Air Lines from $71.00 to $74.00 and gave the stock an “outperform” rating in a 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $71.53.

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.