Easterly Investment Partners LLC Has $2.58 Million Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Easterly Investment Partners LLC reduced its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 0.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 50,755 shares of the transportation company’s stock after selling 210 shares during the period. Easterly Investment Partners LLC’s holdings in Delta Air Lines were worth $2,578,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in DAL. Capital Performance Advisors LLP bought a new position in Delta Air Lines during the 3rd quarter worth $170,000. AIA Group Ltd lifted its holdings in shares of Delta Air Lines by 3.1% during the third quarter. AIA Group Ltd now owns 108,056 shares of the transportation company’s stock worth $5,488,000 after purchasing an additional 3,212 shares during the period. Olstein Capital Management L.P. increased its position in Delta Air Lines by 32.6% during the 3rd quarter. Olstein Capital Management L.P. now owns 175,000 shares of the transportation company’s stock valued at $8,888,000 after purchasing an additional 43,000 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Delta Air Lines by 2.6% in the 3rd quarter. Principal Financial Group Inc. now owns 742,773 shares of the transportation company’s stock valued at $37,725,000 after purchasing an additional 19,124 shares during the period. Finally, Woodmont Investment Counsel LLC increased its stake in Delta Air Lines by 1.1% in the third quarter. Woodmont Investment Counsel LLC now owns 41,598 shares of the transportation company’s stock valued at $2,113,000 after purchasing an additional 437 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Insider Activity

In other Delta Air Lines news, EVP Joanne D. Smith sold 3,431 shares of the company’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $50.46, for a total transaction of $173,128.26. Following the completion of the transaction, the executive vice president now owns 108,990 shares in the company, valued at approximately $5,499,635.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related 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 sale, the executive vice president now directly owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alain Bellemare sold 19,490 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $55.26, for a total transaction of $1,077,017.40. Following the completion of the transaction, the executive vice president now owns 121,961 shares in the company, valued at $6,739,564.86. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 118,710 shares of company stock worth $6,739,745. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Price Performance

DAL traded up $0.99 during midday trading on Friday, hitting $61.42. 1,475,543 shares of the company traded hands, compared to its average volume of 9,414,841. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $39.63 billion, a price-to-earnings ratio of 8.53, a PEG ratio of 1.07 and a beta of 1.33. Delta Air Lines, Inc. has a 52-week low of $33.31 and a 52-week high of $62.66. The business has a 50 day simple moving average of $50.12 and a two-hundred day simple moving average of $48.04.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 earnings per share (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 firm had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.65 billion. During the same quarter in the previous year, the business posted $2.03 earnings per share. Delta Air Lines’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities analysts forecast that Delta Air Lines, Inc. will post 6.12 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Thursday, October 10th. Delta Air Lines’s dividend payout ratio (DPR) is presently 8.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DAL shares. Barclays increased their price target on Delta Air Lines from $52.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. raised their price target on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Sanford C. Bernstein raised their target price on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Jefferies Financial Group boosted their target price on Delta Air Lines from $56.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, TD Cowen cut their price target on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $65.40.

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.