Delta Air Lines, Inc. (DAL) Position Raised by Atlantic Trust Group LLC

Atlantic Trust Group LLC increased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 3.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 126,068 shares of the transportation company’s stock after purchasing an additional 4,699 shares during the period. Atlantic Trust Group LLC’s holdings in Delta Air Lines were worth $6,079,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DAL. Mountain Capital Investment Advisors Inc purchased a new position in shares of Delta Air Lines in the second quarter valued at approximately $114,000. BB&T Investment Services Inc. purchased a new position in shares of Delta Air Lines in the second quarter valued at approximately $128,000. Advisory Services Network LLC boosted its stake in shares of Delta Air Lines by 3.0% in 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. IHT Wealth Management LLC boosted its stake in shares of Delta Air Lines by 40.9% in 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. Finally, Blue Granite Capital LLC purchased a new position in shares of Delta Air Lines in the third quarter valued at approximately $162,000. Hedge funds and other institutional investors own 85.01% of the company’s stock.

DAL has been the subject of several recent research reports. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $63.00 price objective (down previously from $67.00) on shares of Delta Air Lines in a research note on Wednesday, September 27th. Imperial Capital reissued a “hold” rating and issued a $50.00 price objective on shares of Delta Air Lines in a research note on Wednesday, September 6th. Cowen reiterated a “buy” rating and issued a $60.00 price target on shares of Delta Air Lines in a research note on Tuesday, September 5th. ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $75.00 price target (down previously from $80.00) on shares of Delta Air Lines in a research note on Friday, September 22nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Delta Air Lines has a consensus rating of “Buy” and a consensus target price of $63.83.

In other news, CEO Edward H. Bastian sold 159,240 shares of Delta Air Lines stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Glen W. Hauenstein sold 31,600 shares of Delta Air Lines stock in a transaction on Friday, December 15th. The shares were sold at an average price of $55.83, for a total transaction of $1,764,228.00. Following the completion of the transaction, the president now directly owns 204,018 shares in the company, valued at $11,390,324.94. The disclosure for this sale can be found here. In the last three months, insiders have sold 399,198 shares of company stock worth $21,604,025. 0.37% of the stock is owned by corporate insiders.

Shares of Delta Air Lines, Inc. (NYSE:DAL) opened at $56.43 on Wednesday. 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 1-year low of $43.81 and a 1-year high of $56.84. The firm has a market cap of $39,947.88, a P/E ratio of 11.33, a price-to-earnings-growth ratio of 2.01 and a beta of 1.29.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.04. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The company had revenue of $11.06 billion for the quarter, compared to analysts’ expectations of $11.03 billion. During the same quarter last year, the company earned $1.70 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. sell-side analysts expect that Delta Air Lines, Inc. will post 4.89 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were issued a dividend of $0.305 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.22 dividend on an annualized basis and a yield of 2.16%. Delta Air Lines’s payout ratio is currently 24.50%.

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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.

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

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