Janney Montgomery Scott LLC boosted its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 10.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,694 shares of the transportation company’s stock after buying an additional 13,592 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Delta Air Lines were worth $6,977,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mutual of America Capital Management LLC increased its position in Delta Air Lines by 68.0% during the 3rd quarter. Mutual of America Capital Management LLC now owns 151,376 shares of the transportation company’s stock valued at $7,299,000 after purchasing an additional 61,298 shares during the period. State of Tennessee Treasury Department increased its position in Delta Air Lines by 78.0% during the 2nd quarter. State of Tennessee Treasury Department now owns 713,955 shares of the transportation company’s stock valued at $38,368,000 after purchasing an additional 312,863 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Delta Air Lines by 57.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 116,036 shares of the transportation company’s stock valued at $6,236,000 after purchasing an additional 42,150 shares during the period. Dupont Capital Management Corp increased its position in Delta Air Lines by 85.6% during the 3rd quarter. Dupont Capital Management Corp now owns 709,631 shares of the transportation company’s stock valued at $34,218,000 after purchasing an additional 327,381 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its position in Delta Air Lines by 253.3% during the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 334,696 shares of the transportation company’s stock valued at $16,219,000 after purchasing an additional 239,959 shares during the period. Institutional investors and hedge funds own 85.24% of the company’s stock.

In related news, insider Steven M. Sear sold 6,898 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $53.01, for a total value of $365,662.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Peter W. Carter sold 19,809 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $50.42, for a total value of $998,769.78. Following the completion of the transaction, the executive vice president now owns 67,077 shares in the company, valued at $3,382,022.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 239,810 shares of company stock worth $12,684,903. 0.37% of the stock is owned by company insiders.

Shares of Delta Air Lines, Inc. (DAL) traded down $0.75 on Wednesday, hitting $53.62. The company had a trading volume of 6,030,500 shares, compared to its average volume of 7,766,008. Delta Air Lines, Inc. has a 12 month low of $43.81 and a 12 month high of $55.75. The company has a current ratio of 0.43, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. The company has a market cap of $38,764.35, a PE ratio of 11.33, a P/E/G ratio of 1.65 and a beta of 1.29.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.04. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The company had revenue of $11.06 billion for the quarter, compared to analysts’ expectations of $11.03 billion. During the same period last year, the business earned $1.70 EPS. Delta Air Lines’s quarterly revenue was up 5.5% compared to the same quarter last year. analysts anticipate that Delta Air Lines, Inc. will post 5 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 17th were issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend was Thursday, November 16th. Delta Air Lines’s dividend payout ratio is currently 24.50%.

A number of analysts have weighed in on the stock. Imperial Capital raised shares of Delta Air Lines from an “in-line” rating to an “outperform” rating and set a $63.00 target price for the company in a research report on Thursday, October 12th. Cowen increased their target price on shares of Delta Air Lines from $58.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, October 12th. Vetr downgraded shares of Delta Air Lines from a “sell” rating to a “strong sell” rating and set a $45.16 target price for the company. in a research report on Wednesday, November 29th. ValuEngine raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Finally, Morgan Stanley reissued an “overweight” rating and set a $57.00 target price (up previously from $56.00) on shares of Delta Air Lines in a research report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Delta Air Lines currently has a consensus rating of “Buy” and an average target price of $63.39.

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Delta Air Lines Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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

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