Delta Air Lines, Inc. (NYSE:DAL) Shares Bought by Metis Global Partners LLC

Metis Global Partners LLC grew its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 19.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,163 shares of the transportation company’s stock after purchasing an additional 3,874 shares during the period. Metis Global Partners LLC’s holdings in Delta Air Lines were worth $1,227,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Future Financial Wealth Managment LLC bought a new position in shares of Delta Air Lines in the third quarter valued at $25,000. Ashton Thomas Securities LLC acquired a new stake in Delta Air Lines during the 3rd quarter valued at $31,000. Kimelman & Baird LLC purchased a new stake in shares of Delta Air Lines in the second quarter valued at $31,000. Unique Wealth Strategies LLC acquired a new stake in shares of Delta Air Lines in the second quarter worth $40,000. Finally, Quarry LP purchased a new position in shares of Delta Air Lines during the second quarter valued at $41,000. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Stock Performance

Shares of NYSE DAL opened at $64.07 on Friday. The business’s 50-day simple moving average is $53.06 and its 200-day simple moving average is $48.72. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. Delta Air Lines, Inc. has a 52 week low of $35.28 and a 52 week high of $66.25. The firm has a market cap of $41.34 billion, a price-to-earnings ratio of 8.90, a P/E/G ratio of 1.23 and a beta of 1.33.

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

Delta Air Lines Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Thursday, October 10th. Delta Air Lines’s dividend payout ratio is 8.33%.

Insider Buying and Selling at Delta Air Lines

In other news, EVP Allison C. Ausband sold 7,510 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total transaction of $470,276.20. Following the completion of the transaction, the executive vice president now directly owns 58,897 shares in the company, valued at $3,688,130.14. The trade was a 11.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP William C. Carroll sold 21,530 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the completion of the sale, the senior vice president now owns 19,756 shares in the company, valued at approximately $1,197,608.72. The trade was 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 ninety days. Company insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

DAL has been the subject of a number of research reports. Bank of America raised their price objective on Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. Sanford C. Bernstein increased their target price on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Susquehanna lifted their target price on shares of Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $83.00 price target on shares of Delta Air Lines in a research note on Friday. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $71.22.

About Delta Air Lines

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.