Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Carolina Wealth Advisors LLC

Carolina Wealth Advisors LLC reduced its stake in Delta Air Lines, Inc. (NYSE:DAL) by 8.4% in the 3rd quarter, Holdings Channel reports. The firm owned 12,593 shares of the transportation company’s stock after selling 1,157 shares during the quarter. Carolina Wealth Advisors LLC’s holdings in Delta Air Lines were worth $640,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Jupiter Asset Management Ltd. purchased a new stake in shares of Delta Air Lines in the second quarter worth about $60,217,000. Russell Investments Group Ltd. boosted its holdings in Delta Air Lines by 96.1% in the 1st quarter. Russell Investments Group Ltd. now owns 2,487,387 shares of the transportation company’s stock worth $119,057,000 after acquiring an additional 1,219,074 shares during the period. Dimensional Fund Advisors LP grew its position in Delta Air Lines by 12.5% in 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 acquiring an additional 1,105,674 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Delta Air Lines by 159.8% during the second quarter. American Century Companies Inc. now owns 588,436 shares of the transportation company’s stock valued at $27,915,000 after purchasing an additional 361,942 shares during the period. Finally, Sei Investments Co. raised its stake in shares of Delta Air Lines by 98.5% during the second quarter. Sei Investments Co. now owns 667,373 shares of the transportation company’s stock valued at $31,660,000 after purchasing an additional 331,197 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Stock Performance

NYSE:DAL traded down $1.03 during mid-day trading on Monday, hitting $54.77. The stock had a trading volume of 4,223,436 shares, compared to its average volume of 9,499,769. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. The company has a 50 day simple moving average of $45.81 and a 200-day simple moving average of $47.15. The stock has a market capitalization of $35.34 billion, a price-to-earnings ratio of 8.03, a P/E/G ratio of 0.98 and a beta of 1.35. Delta Air Lines, Inc. has a 52 week low of $30.60 and a 52 week high of $56.48.

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). The firm had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.65 billion. Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. Delta Air Lines’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.03 EPS. On average, research analysts expect that Delta Air Lines, Inc. will post 6.17 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.60 annualized dividend and a dividend yield of 1.10%. Delta Air Lines’s payout ratio is 8.63%.

Insider Activity

In related news, EVP Joanne D. Smith sold 3,431 shares of Delta Air Lines stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $50.46, for a total transaction of $173,128.26. Following the sale, the executive vice president now directly owns 108,990 shares in the company, valued at $5,499,635.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Joanne D. Smith sold 3,431 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $50.46, for a total transaction of $173,128.26. Following the transaction, the executive vice president now owns 108,990 shares in the company, valued at $5,499,635.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alain Bellemare sold 19,490 shares of the company’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 value of $1,077,017.40. Following the completion of the sale, the executive vice president now owns 121,961 shares of the company’s stock, valued at $6,739,564.86. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on DAL shares. TD Cowen lowered their price target on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Barclays upped their price objective on shares of Delta Air Lines from $52.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Jefferies Financial Group lifted their target price on Delta Air Lines from $56.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. increased their price target on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Finally, Sanford C. Bernstein raised their price objective on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $65.40.

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.