Carl P. Sherr & Co. LLC Sells 2,069 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Carl P. Sherr & Co. LLC trimmed its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 22.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,157 shares of the transportation company’s stock after selling 2,069 shares during the period. Carl P. Sherr & Co. LLC’s holdings in Delta Air Lines were worth $363,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DAL. Pzena Investment Management LLC purchased a new position in Delta Air Lines during the third quarter valued at $281,206,000. Castle Hook Partners LP bought a new stake in shares of Delta Air Lines in the 3rd quarter worth about $189,296,000. Jupiter Asset Management Ltd. bought a new stake in shares of Delta Air Lines in the 2nd quarter worth about $60,217,000. Dimensional Fund Advisors LP increased its holdings in shares of Delta Air Lines by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock worth $471,330,000 after buying an additional 1,105,674 shares during the last quarter. Finally, Sanders Capital LLC increased its holdings in shares of Delta Air Lines by 2.8% in the 3rd quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock worth $1,414,074,000 after buying an additional 749,099 shares during the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Delta Air Lines

In other news, SVP William C. Carroll sold 21,530 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $60.62, for a total value of $1,305,148.60. Following the completion of the sale, the senior vice president now directly owns 19,756 shares in the company, valued at $1,197,608.72. This represents a 52.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Joanne D. Smith sold 3,431 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 108,990 shares of the company’s stock, valued at $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 have sold a total of 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.

Analyst Ratings Changes

A number of research firms recently commented on DAL. Sanford C. Bernstein lifted their price target on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $83.00 price target on shares of Delta Air Lines in a research report on Friday, November 15th. Citigroup upped their price target on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday. UBS Group reaffirmed a “buy” rating and issued a $88.00 price target on shares of Delta Air Lines in a research report on Tuesday. Finally, Barclays upped their price target on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. One 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $75.83.

Delta Air Lines Stock Performance

Shares of NYSE DAL opened at $63.62 on Friday. The company’s fifty day moving average price is $56.41 and its 200 day moving average price is $49.47. Delta Air Lines, Inc. has a 1 year low of $35.46 and a 1 year high of $66.25. The company has a market capitalization of $41.05 billion, a PE ratio of 8.84, a price-to-earnings-growth ratio of 1.21 and a beta of 1.33. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). The firm 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 business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the company posted $2.03 earnings per share. On average, research analysts predict that Delta Air Lines, Inc. will post 6.07 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently disclosed 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 0.94%. The ex-dividend date of this dividend was Thursday, October 10th. Delta Air Lines’s payout ratio is 8.33%.

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.