IFP Advisors Inc reduced its position in Delta Air Lines, Inc. (NYSE:DAL) by 14.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,954 shares of the transportation company’s stock after selling 3,075 shares during the period. IFP Advisors Inc’s holdings in Delta Air Lines were worth $866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Roundview Capital LLC lifted its stake in shares of Delta Air Lines by 0.3% in the 2nd quarter. Roundview Capital LLC now owns 5,115 shares of the transportation company’s stock valued at $275,000 after purchasing an additional 15 shares during the period. Patten Group Inc. lifted its stake in shares of Delta Air Lines by 0.3% in the 1st quarter. Patten Group Inc. now owns 9,307 shares of the transportation company’s stock valued at $420,000 after purchasing an additional 30 shares during the period. Traynor Capital Management Inc. lifted its stake in shares of Delta Air Lines by 1.2% in the 2nd quarter. Traynor Capital Management Inc. now owns 4,911 shares of the transportation company’s stock valued at $246,000 after purchasing an additional 58 shares during the period. MUFG Securities EMEA plc lifted its stake in shares of Delta Air Lines by 1.2% in the 2nd quarter. MUFG Securities EMEA plc now owns 5,307 shares of the transportation company’s stock valued at $285,000 after purchasing an additional 65 shares during the period. Finally, Advisory Services Network LLC lifted its stake in shares of Delta Air Lines by 3.0% in the 2nd quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 75 shares during the period. Hedge funds and other institutional investors own 87.68% of the company’s stock.

In other news, Director George N. Mattson acquired 6,000 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The stock was purchased at an average price of $45.44 per share, with a total value of $272,640.00. Following the completion of the acquisition, the director now owns 61,510 shares of the company’s stock, valued at approximately $2,795,014.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven M. Sear sold 6,898 shares of the company’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $53.01, for a total transaction of $365,662.98. The disclosure for this sale can be found here. In the last three months, insiders purchased 20,000 shares of company stock valued at $273,760 and sold 200,001 shares valued at $10,630,333. Corporate insiders own 0.37% of the company’s stock.

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Shares of Delta Air Lines, Inc. (DAL) opened at $50.40 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.43 and a quick ratio of 0.36. Delta Air Lines, Inc. has a 1-year low of $41.75 and a 1-year high of $55.75. The stock has a market cap of $35,933.84, a PE ratio of 10.50, a P/E/G ratio of 1.53 and a beta of 1.28.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Wednesday, October 11th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.04. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The firm had revenue of $11.06 billion during the quarter, compared to analyst estimates of $11.03 billion. During the same quarter in the prior year, the firm posted $1.70 earnings per share. Delta Air Lines’s quarterly revenue was up 5.5% on a year-over-year basis. research analysts expect that Delta Air Lines, Inc. will post 5.01 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.42%. Delta Air Lines’s dividend payout ratio is currently 24.50%.

A number of equities analysts have weighed in on the stock. BidaskClub upgraded shares of Delta Air Lines from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Sanford C. Bernstein restated an “outperform” rating and set a $60.00 price objective on shares of Delta Air Lines in a research report on Thursday, July 13th. ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 2nd. Imperial Capital restated a “hold” rating and set a $50.00 price objective on shares of Delta Air Lines in a research report on Wednesday, September 6th. Finally, Stifel Nicolaus restated a “buy” rating and set a $80.00 price objective (up from $75.00) on shares of Delta Air Lines in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. Delta Air Lines presently has an average rating of “Buy” and a consensus target price of $64.16.

Delta Air Lines Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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