Global Financial Private Capital LLC Sells 4,277 Shares of Delta Air Lines, Inc. (DAL)

Global Financial Private Capital LLC reduced its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 6.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 65,007 shares of the transportation company’s stock after selling 4,277 shares during the period. Global Financial Private Capital LLC’s holdings in Delta Air Lines were worth $3,759,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Shikiar Asset Management Inc. boosted its position in shares of Delta Air Lines by 9.9% during the 3rd quarter. Shikiar Asset Management Inc. now owns 82,605 shares of the transportation company’s stock valued at $4,777,000 after acquiring an additional 7,425 shares in the last quarter. IFG Advisory LLC acquired a new stake in shares of Delta Air Lines during the 3rd quarter valued at about $202,000. Psagot Investment House Ltd. boosted its position in shares of Delta Air Lines by 5.5% during the 3rd quarter. Psagot Investment House Ltd. now owns 38,270 shares of the transportation company’s stock valued at $2,213,000 after acquiring an additional 1,990 shares in the last quarter. BP PLC acquired a new stake in shares of Delta Air Lines during the 3rd quarter valued at about $1,330,000. Finally, American Century Companies Inc. boosted its position in shares of Delta Air Lines by 1.5% during the 3rd quarter. American Century Companies Inc. now owns 3,553,703 shares of the transportation company’s stock valued at $205,511,000 after acquiring an additional 51,033 shares in the last quarter. Institutional investors and hedge funds own 88.09% of the company’s stock.

In related news, CEO Edward H. Bastian sold 35,000 shares of Delta Air Lines stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $55.00, for a total transaction of $1,925,000.00. Following the completion of the transaction, the chief executive officer now directly owns 266,943 shares of the company’s stock, valued at approximately $14,681,865. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joanne D. Smith sold 4,353 shares of Delta Air Lines stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $57.50, for a total transaction of $250,297.50. Following the transaction, the executive vice president now directly owns 90,972 shares of the company’s stock, valued at $5,230,890. The disclosure for this sale can be found here. Insiders have sold a total of 42,353 shares of company stock valued at $2,350,708 over the last three months. 0.33% of the stock is currently owned by insiders.

Several brokerages have recently weighed in on DAL. ValuEngine upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Imperial Capital lifted their target price on shares of Delta Air Lines from $65.00 to $71.00 and gave the company an “outperform” rating in a research report on Wednesday, August 22nd. Stephens reiterated a “buy” rating and set a $68.00 target price on shares of Delta Air Lines in a research report on Monday, October 1st. Buckingham Research lifted their target price on shares of Delta Air Lines from $64.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, September 7th. Finally, Citigroup decreased their target price on shares of Delta Air Lines from $65.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Delta Air Lines has a consensus rating of “Buy” and an average price target of $67.99.

Shares of DAL stock opened at $56.65 on Friday. Delta Air Lines, Inc. has a 12-month low of $48.33 and a 12-month high of $60.79. The stock has a market cap of $38.94 billion, a P/E ratio of 10.78, a PEG ratio of 0.65 and a beta of 0.94. The company has a quick ratio of 0.31, a current ratio of 0.37 and a debt-to-equity ratio of 0.59.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, October 11th. The transportation company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.06. Delta Air Lines had a net margin of 7.87% and a return on equity of 27.72%. The firm had revenue of $11.95 billion during the quarter, compared to the consensus estimate of $11.96 billion. During the same period last year, the firm posted $1.57 EPS. On average, equities research analysts expect that Delta Air Lines, Inc. will post 5.52 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 28th. Investors of record on Wednesday, November 7th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend is Tuesday, November 6th. Delta Air Lines’s dividend payout ratio is currently 28.40%.

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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 route network is centered on a system of hubs, international gateways, and airports 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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