Charles Schwab Investment Management Inc. Has $177.64 Million Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Charles Schwab Investment Management Inc. raised its stake in Delta Air Lines, Inc. (NYSE:DAL) by 0.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,497,487 shares of the transportation company’s stock after buying an additional 10,332 shares during the period. Charles Schwab Investment Management Inc. owned 0.54% of Delta Air Lines worth $177,637,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Future Financial Wealth Managment LLC bought a new stake in Delta Air Lines during the 3rd quarter worth $25,000. Kimelman & Baird LLC acquired a new position in shares of Delta Air Lines in the second quarter valued at approximately $31,000. Ashton Thomas Securities LLC bought a new position in Delta Air Lines in the 3rd quarter valued at approximately $31,000. Strategic Financial Concepts LLC acquired a new stake in Delta Air Lines during the 2nd quarter worth approximately $36,000. Finally, Unique Wealth Strategies LLC bought a new position in Delta Air Lines during the 2nd quarter worth $40,000. Institutional investors own 69.93% of the company’s stock.

Insiders Place Their Bets

In other news, SVP William C. Carroll sold 21,530 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $60.62, for a total value of $1,305,148.60. Following the sale, the senior vice president now owns 19,756 shares of the company’s stock, valued at $1,197,608.72. The trade was a 52.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Allison C. Ausband sold 7,510 shares of the firm’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 of the company’s stock, valued at approximately $3,688,130.14. This trade represents a 11.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 140,240 shares of company stock valued at $8,044,893 over the last ninety days. 0.96% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. TD Cowen raised their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Sanford C. Bernstein increased their price objective 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. The Goldman Sachs Group restated a “buy” rating and issued a $83.00 target price on shares of Delta Air Lines in a report on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $72.75.

Delta Air Lines Stock Performance

NYSE DAL opened at $63.34 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $40.87 billion, a P/E ratio of 8.80, a PEG ratio of 1.20 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 $49.13. Delta Air Lines, Inc. has a 12 month low of $35.46 and a 12 month high of $66.25.

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

Delta Air Lines Announces Dividend

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