Fifth Third Wealth Advisors LLC Acquires 2,293 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Fifth Third Wealth Advisors LLC boosted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 17.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,304 shares of the transportation company’s stock after buying an additional 2,293 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Delta Air Lines were worth $777,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DAL. Jupiter Asset Management Ltd. purchased a new stake in shares of Delta Air Lines in the 2nd quarter worth $60,217,000. Dimensional Fund Advisors LP grew its holdings in Delta Air Lines by 12.5% during the second quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock valued at $471,330,000 after purchasing an additional 1,105,674 shares during the period. Janney Montgomery Scott LLC increased its position in Delta Air Lines by 419.5% in the third quarter. Janney Montgomery Scott LLC now owns 562,129 shares of the transportation company’s stock worth $28,551,000 after buying an additional 453,926 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Delta Air Lines by 159.8% in the second quarter. American Century Companies Inc. now owns 588,436 shares of the transportation company’s stock worth $27,915,000 after buying an additional 361,942 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of Delta Air Lines by 28.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,595,203 shares of the transportation company’s stock valued at $81,020,000 after buying an additional 358,082 shares in the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DAL has been the subject of several analyst reports. The Goldman Sachs Group reissued a “buy” rating and issued a $83.00 target price on shares of Delta Air Lines in a report on Friday, November 15th. TD Cowen increased their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. lifted their target price on shares of Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. Finally, Barclays raised their price target on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $71.22.

Insider Buying and Selling

In other Delta Air Lines news, EVP Alain Bellemare sold 19,490 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $55.26, for a total transaction of $1,077,017.40. Following the completion of the transaction, the executive vice president now owns 121,961 shares in the company, valued at $6,739,564.86. The trade was a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP William C. Carroll sold 21,530 shares of the company’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,197,608.72. This represents a 52.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 140,240 shares of company stock worth $8,044,893 over the last three months. 0.96% of the stock is owned by insiders.

Delta Air Lines Stock Performance

NYSE:DAL opened at $64.76 on Wednesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34. The company has a market cap of $41.79 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 1.22 and a beta of 1.33. Delta Air Lines, Inc. has a 1 year low of $35.46 and a 1 year high of $66.25. The stock’s 50 day simple moving average is $53.88 and its two-hundred day simple moving average is $48.88.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.02). Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The business had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.65 billion. During the same quarter in the prior year, the firm posted $2.03 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities analysts anticipate that Delta Air Lines, Inc. will post 6.07 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.60 annualized dividend and a yield of 0.93%. Delta Air Lines’s payout ratio is presently 8.33%.

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.