Larson Financial Group LLC Cuts Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Larson Financial Group LLC decreased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,098 shares of the transportation company’s stock after selling 234 shares during the period. Larson Financial Group LLC’s holdings in Delta Air Lines were worth $259,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on DAL shares. Deutsche Bank Aktiengesellschaft lifted their price target on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Susquehanna boosted their target price on Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a research note on Wednesday, October 9th. Bank of America boosted their target price on Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Sanford C. Bernstein boosted their target price 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. Finally, Barclays boosted their target price on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $75.83.

Delta Air Lines Price Performance

DAL opened at $63.60 on Thursday. The stock has a 50-day moving average price of $56.08 and a 200-day moving average price of $49.37. Delta Air Lines, Inc. has a 12-month low of $35.46 and a 12-month high of $66.25. 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 stock has a market capitalization of $41.04 billion, a P/E ratio of 8.83, a PEG ratio of 1.23 and a beta of 1.33.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $14.65 billion. During the same quarter in the previous year, the company posted $2.03 earnings per share. Delta Air Lines’s revenue for the quarter was up 1.2% compared to the same quarter last year. Equities analysts predict that Delta Air Lines, Inc. will post 6.07 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Thursday, October 10th. Delta Air Lines’s dividend payout ratio (DPR) is presently 8.33%.

Insider Activity

In other news, SVP William C. Carroll sold 21,530 shares of the business’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 completion of the sale, the senior vice president now owns 19,756 shares of the company’s stock, valued at approximately $1,197,608.72. The trade was a 52.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Edward H. Bastian sold 68,000 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $56.33, for a total value of $3,830,440.00. Following the completion of the sale, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at approximately $24,775,004.27. This trade represents a 13.39 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 140,240 shares of company stock valued at $8,044,893. Insiders own 0.96% of the company’s stock.

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.