Oppenheimer & Co. Inc. Boosts Position in Delta Air Lines, Inc. (DAL)

Oppenheimer & Co. Inc. increased its position in Delta Air Lines, Inc. (NYSE:DAL) by 12.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 92,254 shares of the transportation company’s stock after purchasing an additional 9,963 shares during the period. Oppenheimer & Co. Inc.’s holdings in Delta Air Lines were worth $4,449,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of DAL. Sound Shore Management Inc. CT acquired a new position in Delta Air Lines in the second quarter valued at approximately $158,224,000. TIAA CREF Investment Management LLC boosted its stake in Delta Air Lines by 77.6% in the second quarter. TIAA CREF Investment Management LLC now owns 5,364,934 shares of the transportation company’s stock valued at $288,312,000 after acquiring an additional 2,343,531 shares during the period. PointState Capital LP acquired a new position in Delta Air Lines in the second quarter valued at approximately $106,866,000. Parametric Portfolio Associates LLC boosted its stake in Delta Air Lines by 140.9% in the second quarter. Parametric Portfolio Associates LLC now owns 2,414,031 shares of the transportation company’s stock valued at $129,730,000 after acquiring an additional 1,412,117 shares during the period. Finally, Harbour Capital Advisors LLC boosted its stake in Delta Air Lines by 5,239.2% in the second quarter. Harbour Capital Advisors LLC now owns 1,402,507 shares of the transportation company’s stock valued at $26,098,000 after acquiring an additional 1,376,239 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.

In other news, insider Steven M. Sear sold 6,898 shares of Delta Air Lines stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $53.01, for a total transaction of $365,662.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 159,240 shares of Delta Air Lines stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $53.06, for a total value of $8,449,274.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 219,810 shares of company stock worth $11,629,103. Corporate insiders own 0.37% of the company’s stock.

DAL has been the subject of a number of research reports. ValuEngine upgraded Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 2nd. BidaskClub downgraded Delta Air Lines from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Barclays PLC initiated coverage on Delta Air Lines in a research note on Thursday, August 10th. They issued an “overweight” rating and a $70.00 target price for the company. Cowen Inc restated a “buy” rating and issued a $66.00 target price on shares of Delta Air Lines in a research note on Monday, August 14th. Finally, Morgan Stanley decreased their target price on Delta Air Lines from $62.00 to $59.00 and set an “overweight” rating for the company in a research note on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $63.39.

Shares of Delta Air Lines, Inc. (NYSE:DAL) opened at $50.11 on Friday. The firm has a market capitalization of $35,940.98, a P/E ratio of 10.50, a PEG ratio of 1.53 and a beta of 1.28. 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, Inc. has a twelve month low of $43.81 and a twelve month high of $55.75.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share 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 analysts’ expectations of $11.03 billion. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.70 earnings per share. sell-side analysts forecast that Delta Air Lines, Inc. will post 5 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.305 per share. The ex-dividend date is Thursday, November 16th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.43%. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.50%.

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About Delta Air Lines

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.

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

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