SevenBridge Financial Group LLC lifted its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 13.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,623 shares of the transportation company’s stock after purchasing an additional 2,634 shares during the period. SevenBridge Financial Group LLC’s holdings in Delta Air Lines were worth $1,043,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Delta Air Lines by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 44,951,865 shares of the transportation company’s stock worth $2,415,714,000 after purchasing an additional 274,997 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Delta Air Lines by 3.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,821,694 shares of the transportation company’s stock worth $377,169,000 after purchasing an additional 250,731 shares during the last quarter. Boston Partners grew its stake in shares of Delta Air Lines by 2.5% in the 2nd quarter. Boston Partners now owns 7,774,829 shares of the transportation company’s stock worth $417,820,000 after purchasing an additional 190,531 shares during the last quarter. AJO LP grew its stake in shares of Delta Air Lines by 21.2% in the 2nd quarter. AJO LP now owns 5,637,157 shares of the transportation company’s stock worth $302,941,000 after purchasing an additional 986,803 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its holdings in shares of Delta Air Lines by 77.6% in the second quarter. TIAA CREF Investment Management LLC now owns 5,364,934 shares of the transportation company’s stock worth $288,312,000 after buying an additional 2,343,531 shares during the period. 85.24% of the stock is currently owned by institutional investors.

In other news, CEO Edward H. Bastian sold 20,000 shares of Delta Air Lines stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $52.79, for a total value of $1,055,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Peter W. Carter sold 19,809 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $50.42, for a total transaction of $998,769.78. Following the completion of the transaction, the executive vice president now directly owns 67,077 shares in the company, valued at approximately $3,382,022.34. The disclosure for this sale can be found here. Insiders sold 239,810 shares of company stock valued at $12,684,903 over the last quarter. Corporate insiders own 0.37% of the company’s stock.

Several research analysts have commented on the stock. BidaskClub upgraded shares of Delta Air Lines from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Imperial Capital reiterated a “hold” rating and issued a $50.00 target price on shares of Delta Air Lines in a report on Wednesday, September 6th. Cowen reiterated a “buy” rating and issued a $66.00 target price on shares of Delta Air Lines in a report on Monday, August 14th. Barclays assumed coverage on shares of Delta Air Lines in a report on Thursday, August 10th. They issued an “overweight” rating and a $70.00 target price for the company. Finally, Wolfe Research upgraded shares of Delta Air Lines from a “market perform” rating to an “outperform” rating in a report on Friday, August 18th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $63.39.

Shares of Delta Air Lines, Inc. (NYSE DAL) opened at $52.06 on Monday. The company has a current ratio of 0.43, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. The company has a market cap of $37,117.38, a P/E ratio of 10.85, a P/E/G ratio of 1.58 and a beta of 1.29. Delta Air Lines, Inc. has a fifty-two week low of $43.81 and a fifty-two week high of $55.75.

Delta Air Lines (NYSE:DAL) last posted its earnings results 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. The firm had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $11.03 billion. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.70 earnings per share. analysts anticipate that Delta Air Lines, Inc. will post 5 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be paid a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, November 16th. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.50%.

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Delta Air Lines Company 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.

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

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