Delta Air Lines, Inc. (NYSE:DAL) Shares Acquired by Bridgewater Associates LP

Bridgewater Associates LP lifted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 31.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 232,401 shares of the transportation company’s stock after purchasing an additional 55,318 shares during the period. Bridgewater Associates LP’s holdings in Delta Air Lines were worth $11,804,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Townsquare Capital LLC raised its holdings in Delta Air Lines by 2.6% in the third quarter. Townsquare Capital LLC now owns 44,735 shares of the transportation company’s stock valued at $2,272,000 after acquiring an additional 1,143 shares in the last quarter. Rock Point Advisors LLC raised its holdings in Delta Air Lines by 1.0% in the third quarter. Rock Point Advisors LLC now owns 161,327 shares of the transportation company’s stock valued at $8,194,000 after acquiring an additional 1,648 shares in the last quarter. Sanders Capital LLC raised its holdings in Delta Air Lines by 2.8% in the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock valued at $1,414,074,000 after acquiring an additional 749,099 shares in the last quarter. Avestar Capital LLC increased its stake in Delta Air Lines by 64.7% during the third quarter. Avestar Capital LLC now owns 7,024 shares of the transportation company’s stock valued at $357,000 after purchasing an additional 2,758 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in Delta Air Lines during the third quarter valued at $102,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of the company’s 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 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joanne D. Smith sold 3,431 shares of the company’s 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 directly owns 108,990 shares of the company’s stock, valued at $5,499,635.40. The trade was 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 worth $8,044,893 in the last 90 days. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Down 0.8 %

Delta Air Lines stock opened at $63.62 on Friday. The company has a 50-day simple moving average of $56.41 and a 200-day simple moving average of $49.47. The firm has a market capitalization of $41.05 billion, a P/E ratio of 8.84, a P/E/G ratio of 1.23 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, Inc. has a one year low of $35.46 and a one year high of $66.25.

Delta Air Lines (NYSE:DAL) last announced its 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 company had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.65 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.03 EPS. As a group, equities analysts expect 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 announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a yield of 0.94%. Delta Air Lines’s dividend payout ratio is presently 8.33%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. BNP Paribas upgraded shares of Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. Citigroup boosted their target price on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday. Jefferies Financial Group boosted their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Sanford C. Bernstein boosted their target price on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Finally, TD Cowen boosted their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $75.83.

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.