Delta Air Lines, Inc. (NYSE:DAL) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC increased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 41.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 313,226 shares of the transportation company’s stock after acquiring an additional 92,273 shares during the period. Cerity Partners LLC’s holdings in Delta Air Lines were worth $15,909,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on DAL. The Goldman Sachs Group restated a “buy” rating and issued a $83.00 price target on shares of Delta Air Lines in a research report on Friday, November 15th. Sanford C. Bernstein lifted 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. BNP Paribas upgraded shares of Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. Barclays lifted their price objective on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, TD Cowen increased their target price on Delta Air Lines from $59.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $72.75.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $60.62, for a total value of $1,305,148.60. Following the transaction, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at $1,197,608.72. This trade represents a 52.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Joanne D. Smith sold 3,431 shares of the company’s stock in a transaction dated Friday, October 11th. The stock was 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 directly owns 108,990 shares of the company’s stock, valued at $5,499,635.40. The trade was a 3.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 140,240 shares of company stock worth $8,044,893. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Performance

NYSE:DAL opened at $64.48 on Tuesday. The company has a market cap of $41.61 billion, a P/E ratio of 8.96, a P/E/G ratio of 1.20 and a beta of 1.33. The firm’s 50 day moving average is $55.40 and its two-hundred day moving average is $49.19. Delta Air Lines, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $66.25. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05.

Delta Air Lines (NYSE:DAL) last issued its 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). The firm had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $2.03 earnings per share. Analysts expect that Delta Air Lines, Inc. will post 6.07 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were issued 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 0.93%. Delta Air Lines’s payout ratio is 8.33%.

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.