Delta Air Lines, Inc. (NYSE:DAL) Stock Holdings Boosted by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA boosted its position in Delta Air Lines, Inc. (NYSE:DAL) by 0.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,344,414 shares of the transportation company’s stock after purchasing an additional 14,624 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.52% of Delta Air Lines worth $169,863,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of 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 worth $471,330,000 after buying an additional 1,105,674 shares during the period. Pzena Investment Management LLC acquired a new position in Delta Air Lines during the 3rd quarter worth $281,206,000. Silvercrest Asset Management Group LLC grew its stake in shares of Delta Air Lines by 17.0% in the first quarter. Silvercrest Asset Management Group LLC now owns 1,826,473 shares of the transportation company’s stock worth $87,433,000 after purchasing an additional 265,886 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Delta Air Lines by 28.9% during the third quarter. Victory Capital Management Inc. now owns 1,595,203 shares of the transportation company’s stock valued at $81,020,000 after purchasing an additional 358,082 shares during the period. Finally, Ceredex Value Advisors LLC raised its stake in shares of Delta Air Lines by 0.7% during the second quarter. Ceredex Value Advisors LLC now owns 1,557,517 shares of the transportation company’s stock valued at $73,889,000 after purchasing an additional 11,461 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DAL shares. Barclays increased their target price on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Sanford C. Bernstein raised their price objective on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Bank of America boosted their target price on Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, October 11th. BNP Paribas raised Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $83.00 price objective on shares of Delta Air Lines in a research note on Friday, November 15th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $72.75.

Insider Activity

In other Delta Air Lines news, EVP Steven M. Sear sold 10,279 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $58.72, for a total value of $603,582.88. Following the transaction, the executive vice president now owns 78,459 shares in the company, valued at approximately $4,607,112.48. This represents a 11.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP William C. Carroll sold 21,530 shares of Delta Air Lines stock in a transaction on Friday, November 8th. The shares were sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the sale, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at $1,197,608.72. This trade represents a 52.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,240 shares of company stock worth $8,044,893 over the last quarter. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Performance

Shares of NYSE DAL opened at $63.34 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05. Delta Air Lines, Inc. has a 12 month low of $35.46 and a 12 month high of $66.25. The company has a market cap of $40.87 billion, a price-to-earnings ratio of 8.80, a P/E/G ratio of 1.23 and a beta of 1.33. The business has a fifty day simple moving average of $55.01 and a 200-day simple moving average of $49.15.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). The firm had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.65 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. Delta Air Lines’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.03 earnings per share. Sell-side analysts predict that Delta Air Lines, Inc. will post 6.07 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Thursday, October 10th. Delta Air Lines’s payout ratio is 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.