Crossmark Global Holdings Inc. Increases Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Crossmark Global Holdings Inc. raised its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 5.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 268,636 shares of the transportation company’s stock after buying an additional 13,802 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Delta Air Lines were worth $13,644,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Future Financial Wealth Managment LLC purchased a new stake in Delta Air Lines during the 3rd quarter valued at $25,000. Kimelman & Baird LLC purchased a new stake in Delta Air Lines during the 2nd quarter valued at $31,000. Strategic Financial Concepts LLC bought a new stake in shares of Delta Air Lines during the 2nd quarter valued at $36,000. Unique Wealth Strategies LLC bought a new stake in shares of Delta Air Lines during the 2nd quarter valued at $40,000. Finally, Quarry LP bought a new stake in shares of Delta Air Lines during the 2nd quarter valued at $41,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DAL has been the subject of a number of recent research reports. Bank of America boosted their price objective on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. boosted their price objective on shares of Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Jefferies Financial Group boosted their price objective on shares of Delta Air Lines from $56.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Sanford C. Bernstein boosted 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 report on Tuesday, October 8th. Finally, Susquehanna boosted their price objective on shares of Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $65.40.

Insiders Place Their Bets

In other Delta Air Lines news, EVP Alain Bellemare sold 19,490 shares of Delta Air Lines stock in a transaction 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 sale, the executive vice president now owns 121,961 shares in the company, valued at $6,739,564.86. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Alain Bellemare sold 19,490 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 121,961 shares in the company, valued at approximately $6,739,564.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joanne D. Smith sold 3,431 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $50.46, for a total value of $173,128.26. Following the completion of the sale, the executive vice president now owns 108,990 shares in the company, valued at $5,499,635.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 118,710 shares of company stock valued at $6,739,745. Insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Performance

DAL stock traded up $0.62 during trading on Friday, hitting $61.05. 4,646,339 shares of the company traded hands, compared to its average volume of 9,450,175. The stock’s 50-day simple moving average is $50.87 and its 200 day simple moving average is $48.21. 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 $39.39 billion, a PE ratio of 8.48, a P/E/G ratio of 1.18 and a beta of 1.33. Delta Air Lines, Inc. has a 1 year low of $33.31 and a 1 year high of $62.66.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data 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 business 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 7.71% and a return on equity of 29.93%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.03 earnings per share. On average, equities analysts expect that Delta Air Lines, Inc. will post 6.12 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Thursday, October 10th. Delta Air Lines’s dividend payout ratio (DPR) is currently 8.33%.

Delta Air Lines Company 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.