Greenleaf Trust Buys 1,174 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Greenleaf Trust raised its stake in Delta Air Lines, Inc. (NYSE:DAL) by 11.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,855 shares of the transportation company’s stock after buying an additional 1,174 shares during the period. Greenleaf Trust’s holdings in Delta Air Lines were worth $602,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Future Financial Wealth Managment LLC acquired a new stake in shares of Delta Air Lines during the 3rd quarter valued at $25,000. Kimelman & Baird LLC acquired a new stake in shares of Delta Air Lines during the second quarter valued at about $31,000. Strategic Financial Concepts LLC bought a new stake in shares of Delta Air Lines during the second quarter worth about $36,000. Unique Wealth Strategies LLC acquired a new position in shares of Delta Air Lines in the second quarter valued at approximately $40,000. Finally, Quarry LP bought a new position in Delta Air Lines in the 2nd quarter valued at approximately $41,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on DAL shares. TD Cowen decreased their price target on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. JPMorgan Chase & Co. raised their target price on Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Sanford C. Bernstein upped their price target on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. Finally, Susquehanna lifted their price objective on Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $65.40.

Delta Air Lines Stock Down 1.2 %

Shares of NYSE DAL opened at $54.12 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.21. The firm has a market cap of $34.92 billion, a PE ratio of 7.79, a P/E/G ratio of 0.98 and a beta of 1.35. The company’s fifty day simple moving average is $47.05 and its 200 day simple moving average is $47.38. Delta Air Lines, Inc. has a 12-month low of $30.60 and a 12-month high of $56.48.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The company had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.65 billion. During the same period last year, the company earned $2.03 EPS. Delta Air Lines’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Delta Air Lines, Inc. will post 6.17 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Thursday, October 10th. Delta Air Lines’s payout ratio is 8.63%.

Insider Transactions at Delta Air Lines

In related news, EVP Joanne D. Smith sold 3,431 shares of Delta Air Lines 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 owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Alain Bellemare sold 19,490 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $55.26, for a total value of $1,077,017.40. Following the sale, the executive vice president now owns 121,961 shares in the company, valued at $6,739,564.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Joanne D. Smith sold 3,431 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $50.46, for a total value of $173,128.26. Following 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 disclosure for this sale can be found here. 0.96% of the stock is owned by insiders.

Delta Air Lines 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.