REDW Wealth LLC Trims Stake in Delta Air Lines, Inc. (NYSE:DAL)

REDW Wealth LLC lessened its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 8.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,355 shares of the transportation company’s stock after selling 486 shares during the quarter. REDW Wealth LLC’s holdings in Delta Air Lines were worth $272,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of DAL. Jupiter Asset Management Ltd. purchased a new stake in Delta Air Lines in the second quarter worth about $60,217,000. Russell Investments Group Ltd. lifted its stake in shares of Delta Air Lines by 96.1% in the first quarter. Russell Investments Group Ltd. now owns 2,487,387 shares of the transportation company’s stock worth $119,057,000 after buying an additional 1,219,074 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Delta Air Lines by 12.5% in the second quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock worth $471,330,000 after buying an additional 1,105,674 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Delta Air Lines by 159.8% in the second quarter. American Century Companies Inc. now owns 588,436 shares of the transportation company’s stock worth $27,915,000 after buying an additional 361,942 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Delta Air Lines by 98.5% in the second quarter. Sei Investments Co. now owns 667,373 shares of the transportation company’s stock worth $31,660,000 after buying an additional 331,197 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Transactions at Delta Air Lines

In other news, EVP Joanne D. Smith sold 3,431 shares of the stock in a transaction on Friday, October 11th. The shares were sold at an average price of $50.46, for a total value of $173,128.26. Following the completion of the sale, the executive vice president now directly owns 108,990 shares of the company’s stock, valued at $5,499,635.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Rahul D. Samant sold 10,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $58.53, for a total transaction of $585,300.00. Following the completion of the transaction, the executive vice president now directly owns 64,163 shares of the company’s stock, valued at approximately $3,755,460.39. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Joanne D. Smith sold 3,431 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $50.46, for a total transaction of $173,128.26. Following the transaction, the executive vice president now directly owns 108,990 shares of the company’s stock, valued at $5,499,635.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 100,921 shares of company stock valued at $5,665,886 over the last three months. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Up 2.0 %

DAL opened at $58.39 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05. Delta Air Lines, Inc. has a 1-year low of $31.57 and a 1-year high of $59.19. The company has a market capitalization of $37.68 billion, a PE ratio of 8.11, a PEG ratio of 1.10 and a beta of 1.33. The firm’s 50 day simple moving average is $49.02 and its two-hundred day simple moving average is $47.80.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.02). Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The business had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.65 billion. During the same quarter in the previous year, the business posted $2.03 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. As a group, equities analysts forecast that Delta Air Lines, Inc. will post 6.12 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.03%. Delta Air Lines’s dividend payout ratio (DPR) is presently 8.33%.

Analyst Ratings Changes

DAL has been the topic of several analyst reports. Susquehanna upped their target price on shares of Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a research note on Wednesday, October 9th. TD Cowen dropped their target price on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Bank of America upped their target price on shares of Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. increased their price objective on shares of Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Finally, Sanford C. Bernstein increased their price objective on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Delta Air Lines presently has an average rating of “Buy” and an average target price of $65.40.

About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.