Oppenheimer & Co. Inc. raised its stake in Delta Air Lines Inc. (NYSE:DAL) by 13.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 106,184 shares of the company’s stock after buying an additional 12,721 shares during the period. Oppenheimer & Co. Inc.’s holdings in Delta Air Lines were worth $4,179,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. First Republic Investment Management Inc. increased its position in shares of Delta Air Lines by 136.3% in the first quarter. First Republic Investment Management Inc. now owns 164,789 shares of the company’s stock valued at $8,022,000 after buying an additional 95,044 shares in the last quarter. Fulton Bank N.A. increased its position in shares of Delta Air Lines by 35.1% in the second quarter. Fulton Bank N.A. now owns 18,312 shares of the company’s stock valued at $667,000 after buying an additional 4,760 shares in the last quarter. New England Research & Management Inc. acquired a new position in shares of Delta Air Lines during the second quarter valued at approximately $297,000. Patten & Patten Inc. TN increased its position in shares of Delta Air Lines by 53.4% in the second quarter. Patten & Patten Inc. TN now owns 244,128 shares of the company’s stock valued at $8,894,000 after buying an additional 84,942 shares in the last quarter. Finally, NEXT Financial Group Inc increased its position in shares of Delta Air Lines by 4.3% in the second quarter. NEXT Financial Group Inc now owns 7,031 shares of the company’s stock valued at $256,000 after buying an additional 291 shares in the last quarter. 81.06% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

Delta Air Lines Inc. (NYSE:DAL) traded down 0.84% during midday trading on Wednesday, reaching $48.18. The company had a trading volume of 9,245,044 shares. The stock has a 50-day moving average price of $43.92 and a 200 day moving average price of $40.11. The company has a market capitalization of $35.65 billion, a PE ratio of 7.81 and a beta of 0.89. Delta Air Lines Inc. has a 12-month low of $32.60 and a 12-month high of $52.77.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, October 13th. The company reported $1.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.05. Delta Air Lines had a return on equity of 37.39% and a net margin of 11.92%. The company had revenue of $10.48 billion for the quarter. During the same quarter in the previous year, the business posted $1.74 EPS. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. Equities analysts forecast that Delta Air Lines Inc. will post $5.70 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 11th will be paid a $0.2025 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.81 annualized dividend and a dividend yield of 1.68%. Delta Air Lines’s payout ratio is 13.11%.

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A number of analysts have recently issued reports on the company. Vetr cut Delta Air Lines from a “hold” rating to a “sell” rating and set a $47.62 price objective on the stock. in a research report on Monday. Imperial Capital boosted their price objective on Delta Air Lines from $44.00 to $52.00 and gave the company a “line” rating in a research report on Tuesday, November 22nd. Citigroup Inc. assumed coverage on Delta Air Lines in a research report on Friday, November 18th. They set a “buy” rating and a $61.00 price objective on the stock. JPMorgan Chase & Co. restated a “buy” rating on shares of Delta Air Lines in a research report on Tuesday, November 8th. Finally, Deutsche Bank AG restated a “buy” rating on shares of Delta Air Lines in a research report on Tuesday, November 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $53.78.

In related news, VP Craig M. Meynard sold 3,500 shares of the firm’s stock in a transaction on Monday, October 24th. The stock was sold at an average price of $41.41, for a total transaction of $144,935.00. Following the sale, the vice president now owns 11,077 shares of the company’s stock, valued at approximately $458,698.57. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Steven M. Sear sold 4,671 shares of the firm’s stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $40.16, for a total value of $187,587.36. Following the sale, the insider now directly owns 52,174 shares in the company, valued at approximately $2,095,307.84. The disclosure for this sale can be found here. 0.75% of the stock is owned by insiders.

Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s operates through segments, including Airline Segment and Refinery Segment. The Airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the United States and around the world and other ancillary airline services.

5 Day Chart for NYSE:DAL

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