Total Investment Management Inc. Has $374,000 Position in Delta Air Lines, Inc. (NYSE:DAL)

Total Investment Management Inc. grew its stake in Delta Air Lines, Inc. (NYSE:DAL) by 3.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 7,357 shares of the transportation company’s stock after buying an additional 212 shares during the period. Total Investment Management Inc.’s holdings in Delta Air Lines were worth $374,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. GSA Capital Partners LLP bought a new position in Delta Air Lines during the 3rd quarter worth approximately $517,000. Versor Investments LP acquired a new stake in shares of Delta Air Lines during the 3rd quarter worth approximately $1,052,000. Ashton Thomas Securities LLC bought a new stake in shares of Delta Air Lines in the 3rd quarter valued at $31,000. Crossmark Global Holdings Inc. lifted its position in shares of Delta Air Lines by 5.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 268,636 shares of the transportation company’s stock valued at $13,644,000 after acquiring an additional 13,802 shares during the period. Finally, Baker Avenue Asset Management LP bought a new position in Delta Air Lines during the third quarter worth $228,000. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $63.41 on Tuesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. The firm has a market cap of $40.92 billion, a price-to-earnings ratio of 8.83, a P/E/G ratio of 1.15 and a beta of 1.33. Delta Air Lines, Inc. has a 52 week low of $33.69 and a 52 week high of $63.83. The firm’s 50-day simple moving average is $51.29 and its two-hundred day simple moving average is $48.30.

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 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 firm had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $14.65 billion. During the same quarter in the previous year, the company posted $2.03 EPS. Delta Air Lines’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities analysts forecast that Delta Air Lines, Inc. will post 6.12 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were paid a $0.15 dividend. The ex-dividend date was Thursday, October 10th. This represents a $0.60 annualized dividend and a yield of 0.95%. Delta Air Lines’s dividend payout ratio is currently 8.33%.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, EVP Joanne D. Smith sold 3,431 shares of the business’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 value of $173,128.26. Following the completion of the transaction, the executive vice president now owns 108,990 shares of the company’s stock, valued at $5,499,635.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Joanne D. Smith sold 3,431 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $50.46, for a total transaction of $173,128.26. Following the transaction, the executive vice president now directly owns 108,990 shares in the company, valued at approximately $5,499,635.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alain Bellemare sold 19,490 shares of the business’s stock in a transaction dated Thursday, October 17th. The shares were 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 directly owns 121,961 shares of the company’s stock, valued at approximately $6,739,564.86. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 118,710 shares of company stock valued at $6,739,745 over the last three months. 0.96% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

DAL has been the topic of several research reports. Susquehanna upped their price objective on shares of Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a report on Wednesday, October 9th. Sanford C. Bernstein boosted their price objective on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. TD Cowen lifted their target price on Delta Air Lines from $59.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. raised their price objective on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Finally, Bank of America lifted their price objective on shares of Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Delta Air Lines has a consensus rating of “Buy” and an average target price of $67.73.

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.