Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC lessened its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 3.1% during the 3rd quarter, Holdings Channel reports. The fund owned 166,790 shares of the transportation company’s stock after selling 5,310 shares during the quarter. MetLife Investment Management LLC’s holdings in Delta Air Lines were worth $8,471,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of DAL. Huntington National Bank grew its position in Delta Air Lines by 2.9% in the third quarter. Huntington National Bank now owns 6,679 shares of the transportation company’s stock worth $339,000 after acquiring an additional 189 shares during the period. Armstrong Advisory Group Inc. increased its position in shares of Delta Air Lines by 13.8% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 1,645 shares of the transportation company’s stock worth $84,000 after purchasing an additional 200 shares during the last quarter. Oakworth Capital Inc. lifted its position in Delta Air Lines by 16.9% in the third quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company’s stock valued at $72,000 after buying an additional 204 shares during the last quarter. Total Investment Management Inc. boosted its stake in Delta Air Lines by 3.0% during the third quarter. Total Investment Management Inc. now owns 7,357 shares of the transportation company’s stock worth $374,000 after buying an additional 212 shares during the period. Finally, Van ECK Associates Corp increased its position in shares of Delta Air Lines by 6.0% during the third quarter. Van ECK Associates Corp now owns 4,198 shares of the transportation company’s stock valued at $229,000 after acquiring an additional 239 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DAL. TD Cowen increased their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Barclays increased their target price on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Jefferies Financial Group lifted their target price on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Sanford C. Bernstein increased their price target on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $83.00 price objective on shares of Delta Air Lines in a report on Friday, November 15th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $75.83.

Delta Air Lines Stock Down 0.8 %

DAL stock opened at $63.62 on Friday. The company’s 50 day moving average is $56.41 and its two-hundred day moving average is $49.47. Delta Air Lines, Inc. has a twelve month low of $35.46 and a twelve month high of $66.25. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05. The stock has a market cap of $41.05 billion, a P/E ratio of 8.84, a PEG ratio of 1.23 and a beta of 1.33.

Delta Air Lines (NYSE:DAL) last announced 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 company had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $14.65 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. Delta Air Lines’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $2.03 earnings per share. Research analysts expect that Delta Air Lines, Inc. will post 6.07 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a yield of 0.94%. Delta Air Lines’s dividend payout ratio is presently 8.33%.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of Delta Air Lines stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $60.62, for a total value of $1,305,148.60. Following the transaction, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,197,608.72. This trade represents a 52.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Joanne D. Smith sold 3,431 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 108,990 shares in the company, valued at approximately $5,499,635.40. The trade was a 3.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 140,240 shares of company stock worth $8,044,893. Insiders own 0.96% of the company’s stock.

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.