Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. trimmed its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 56,796 shares of the transportation company’s stock after selling 1,554 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Delta Air Lines were worth $2,885,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Huntington National Bank raised its holdings in shares of Delta Air Lines by 2.9% during the third quarter. Huntington National Bank now owns 6,679 shares of the transportation company’s stock valued at $339,000 after buying an additional 189 shares during the last quarter. Armstrong Advisory Group Inc. raised its stake in Delta Air Lines by 13.8% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 1,645 shares of the transportation company’s stock valued at $84,000 after acquiring an additional 200 shares in the last quarter. Oakworth Capital Inc. raised its stake in Delta Air Lines by 16.9% during the 3rd quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company’s stock valued at $72,000 after acquiring an additional 204 shares in the last quarter. Total Investment Management Inc. boosted its position in Delta Air Lines by 3.0% during the 3rd quarter. Total Investment Management Inc. now owns 7,357 shares of the transportation company’s stock worth $374,000 after acquiring an additional 212 shares during the period. Finally, Van ECK Associates Corp grew its stake in shares of Delta Air Lines by 6.0% in the third quarter. Van ECK Associates Corp now owns 4,198 shares of the transportation company’s stock worth $229,000 after purchasing an additional 239 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling

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 transaction of $1,305,148.60. Following the completion of the sale, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,197,608.72. This trade represents a 52.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Allison C. Ausband sold 7,510 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total value of $470,276.20. Following the completion of the transaction, the executive vice president now owns 58,897 shares in the company, valued at $3,688,130.14. This represents a 11.31 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 140,240 shares of company stock valued at $8,044,893. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Down 0.2 %

Shares of Delta Air Lines stock opened at $61.52 on Friday. Delta Air Lines, Inc. has a 12-month low of $36.34 and a 12-month high of $67.50. The firm has a market capitalization of $39.70 billion, a PE ratio of 8.54, a price-to-earnings-growth ratio of 1.21 and a beta of 1.35. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05. The stock’s fifty day moving average is $59.53 and its 200-day moving average is $50.30.

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 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 company had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.65 billion. During the same quarter in the previous year, the firm posted $2.03 EPS. Delta Air Lines’s quarterly revenue was up 1.2% on a year-over-year basis. Equities analysts anticipate that Delta Air Lines, Inc. will post 6.08 earnings per share for the current year.

Delta Air Lines Dividend Announcement

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. 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 is 8.33%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DAL shares. JPMorgan Chase & Co. lifted 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 note on Friday, October 11th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Citigroup raised their price objective on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. UBS Group restated a “buy” rating and issued a $88.00 target price on shares of Delta Air Lines in a research report on Tuesday, November 26th. Finally, Sanford C. Bernstein lifted their price target on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $75.83.

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.