Eagle Asset Management Inc. Sells 18,507 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Eagle Asset Management Inc. cut its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,412,651 shares of the transportation company’s stock after selling 18,507 shares during the quarter. Eagle Asset Management Inc. owned approximately 0.20% of Delta Air Lines worth $67,906,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Delta Air Lines during the second quarter worth $114,000. BB&T Investment Services Inc. acquired a new position in Delta Air Lines during the second quarter valued at $128,000. Bessemer Group Inc. lifted its position in Delta Air Lines by 104.3% during the second quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 1,298 shares during the period. Advisory Services Network LLC lifted its position in Delta Air Lines by 3.0% during the second quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 75 shares during the period. Finally, IHT Wealth Management LLC lifted its position in Delta Air Lines by 40.9% during the second quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock valued at $146,000 after purchasing an additional 220 shares during the period. 85.24% of the stock is currently owned by institutional investors.

In related news, EVP Joanne D. Smith sold 33,863 shares of the stock in a transaction on Friday, October 13th. The shares were sold at an average price of $53.61, for a total transaction of $1,815,395.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward H. Bastian sold 20,000 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $52.79, for a total transaction of $1,055,800.00. The disclosure for this sale can be found here. Insiders sold a total of 239,810 shares of company stock worth $12,684,903 over the last ninety days. Insiders own 0.37% of the company’s stock.

A number of research analysts have weighed in on the stock. ValuEngine raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Vetr cut shares of Delta Air Lines from a “sell” rating to a “strong sell” rating and set a $45.16 price objective for the company. in a report on Wednesday, November 29th. Zacks Investment Research raised shares of Delta Air Lines from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. J P Morgan Chase & Co boosted their target price on shares of Delta Air Lines from $63.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. Finally, Cowen boosted their target price on shares of Delta Air Lines from $58.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $63.39.

Shares of Delta Air Lines, Inc. (NYSE DAL) opened at $52.39 on Wednesday. Delta Air Lines, Inc. has a 52 week low of $43.81 and a 52 week high of $55.75. The firm has a market cap of $37,723.41, a P/E ratio of 11.02, a P/E/G ratio of 1.61 and a beta of 1.29. The company has a current ratio of 0.43, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Wednesday, October 11th. The transportation company reported $1.57 EPS for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.04. The company had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $11.03 billion. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.70 EPS. analysts predict that Delta Air Lines, Inc. will post 5 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Thursday, November 16th. Delta Air Lines’s dividend payout ratio (DPR) is 24.50%.

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Delta Air Lines Company 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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