Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC cut its stake in Delta Air Lines, Inc. (NYSE:DAL) by 13.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,368 shares of the transportation company’s stock after selling 845 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Delta Air Lines were worth $273,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of DAL. Senator Investment Group LP raised its stake in shares of Delta Air Lines by 90.0% during the 2nd quarter. Senator Investment Group LP now owns 475,000 shares of the transportation company’s stock worth $22,534,000 after buying an additional 225,000 shares during the period. abrdn plc raised its stake in shares of Delta Air Lines by 36.0% during the 3rd quarter. abrdn plc now owns 135,098 shares of the transportation company’s stock worth $6,859,000 after buying an additional 35,792 shares during the period. Inspire Investing LLC acquired a new position in shares of Delta Air Lines during the 1st quarter worth approximately $907,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Delta Air Lines during the 1st quarter worth approximately $1,309,000. Finally, Cetera Investment Advisers raised its stake in shares of Delta Air Lines by 354.6% during the 1st quarter. Cetera Investment Advisers now owns 218,566 shares of the transportation company’s stock worth $10,463,000 after buying an additional 170,483 shares during the period. 69.93% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Delta Air Lines

In other news, EVP Steven M. Sear sold 10,279 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $58.72, for a total transaction of $603,582.88. Following the completion of the transaction, the executive vice president now directly owns 78,459 shares in the company, valued at approximately $4,607,112.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Edward H. Bastian sold 68,000 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $56.33, for a total transaction of $3,830,440.00. Following the transaction, the chief executive officer now owns 439,819 shares of the company’s stock, valued at approximately $24,775,004.27. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven M. Sear sold 10,279 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $58.72, for a total value of $603,582.88. Following the transaction, the executive vice president now directly owns 78,459 shares in the company, valued at approximately $4,607,112.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 111,200 shares of company stock worth $6,269,469. 0.96% of the stock is currently owned by company insiders.

Delta Air Lines Stock Down 2.6 %

Shares of NYSE:DAL opened at $56.89 on Tuesday. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05. The business has a fifty day moving average of $49.33 and a two-hundred day moving average of $47.86. The stock has a market cap of $36.71 billion, a P/E ratio of 7.90, a PEG ratio of 1.08 and a beta of 1.33. Delta Air Lines, Inc. has a 52-week low of $32.46 and a 52-week high of $59.19.

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 analysts’ consensus estimates of $1.52 by ($0.02). The business had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.03 earnings per share. On average, research analysts expect that Delta Air Lines, Inc. will post 6.12 earnings per share for the current year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Thursday, October 10th. Delta Air Lines’s dividend payout ratio is presently 8.33%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DAL shares. TD Cowen reduced their target price on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. BNP Paribas raised Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. Barclays increased their price objective on Delta Air Lines from $52.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Bank of America increased their price objective on Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Finally, Sanford C. Bernstein increased their price objective on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $65.40.

Delta Air Lines Company Profile

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.