HBK Sorce Advisory LLC Has $280,000 Stake in Delta Air Lines, Inc. $DAL

HBK Sorce Advisory LLC trimmed its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 36.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,690 shares of the transportation company’s stock after selling 3,231 shares during the period. HBK Sorce Advisory LLC’s holdings in Delta Air Lines were worth $280,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DAL. Vanguard Group Inc. lifted its holdings in Delta Air Lines by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 72,924,506 shares of the transportation company’s stock worth $3,179,508,000 after buying an additional 514,264 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of Delta Air Lines during the second quarter valued at $386,364,000. Invesco Ltd. lifted its stake in shares of Delta Air Lines by 30.2% during the first quarter. Invesco Ltd. now owns 7,242,852 shares of the transportation company’s stock valued at $315,788,000 after acquiring an additional 1,681,464 shares during the period. AQR Capital Management LLC lifted its stake in shares of Delta Air Lines by 149.9% during the first quarter. AQR Capital Management LLC now owns 5,963,882 shares of the transportation company’s stock valued at $246,487,000 after acquiring an additional 3,577,489 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Delta Air Lines by 66.9% during the first quarter. Bank of New York Mellon Corp now owns 5,915,545 shares of the transportation company’s stock valued at $257,918,000 after acquiring an additional 2,370,795 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, Director Michael P. Huerta sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total transaction of $151,750.00. Following the sale, the director directly owned 33,245 shares in the company, valued at approximately $2,017,971.50. This trade represents a 6.99% decrease in their position. The sale was disclosed in a 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 that occurred on Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total transaction of $858,112.50. Following the sale, the senior vice president owned 15,816 shares in the company, valued at $968,730. This trade represents a 46.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 39,833 shares of company stock worth $2,463,585. 0.88% of the stock is owned by company insiders.

Delta Air Lines Trading Up 0.4%

DAL opened at $57.34 on Friday. The firm’s fifty day moving average is $59.44 and its two-hundred day moving average is $53.62. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40. The firm has a market cap of $37.44 billion, a PE ratio of 8.08, a price-to-earnings-growth ratio of 1.35 and a beta of 1.50. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98.

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

Delta Air Lines Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Thursday, October 16th. This represents a $0.75 annualized dividend and a dividend yield of 1.3%. Delta Air Lines’s payout ratio is currently 10.56%.

Analyst Ratings Changes

DAL has been the topic of a number of research reports. Morgan Stanley upped their target price on shares of Delta Air Lines from $88.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Seaport Global Securities increased their price objective on shares of Delta Air Lines from $69.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, September 11th. Raymond James Financial increased their price objective on shares of Delta Air Lines from $68.00 to $70.00 and gave the company a “strong-buy” rating in a report on Friday, October 10th. HSBC increased their price objective on shares of Delta Air Lines from $69.20 to $73.70 and gave the company a “buy” rating in a report on Friday, October 10th. Finally, Evercore ISI increased their price target on Delta Air Lines from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average 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.