Wilmington Savings Fund Society FSB Buys 667 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Wilmington Savings Fund Society FSB raised its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 7.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,111 shares of the transportation company’s stock after buying an additional 667 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Delta Air Lines were worth $463,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group increased their price objective on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Barclays increased their price objective on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. boosted their target price on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, UBS Group reiterated a “buy” rating and issued a $88.00 price target on shares of Delta Air Lines in a research note on Tuesday, November 26th. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $75.83.

Delta Air Lines Price Performance

NYSE:DAL opened at $61.06 on Tuesday. Delta Air Lines, Inc. has a 12-month low of $36.34 and a 12-month high of $67.50. The stock’s 50 day moving average price is $59.76 and its two-hundred day moving average price is $50.38. 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 firm has a market capitalization of $39.40 billion, a price-to-earnings ratio of 8.48, a P/E/G ratio of 1.21 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.02). The company had revenue of $15.68 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.03 EPS. On average, analysts anticipate that Delta Air Lines, Inc. will post 6.08 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid a dividend of $0.15 per share. 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 0.98%. Delta Air Lines’s dividend payout ratio (DPR) is currently 8.33%.

Insider Buying and Selling

In other news, CEO Edward H. Bastian sold 68,000 shares of Delta Air Lines stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $56.33, for a total value of $3,830,440.00. Following the completion of the sale, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $24,775,004.27. The trade was a 13.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP William C. Carroll sold 21,530 shares of the 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 sale, the senior vice president now directly owns 19,756 shares in the company, valued at $1,197,608.72. This represents a 52.15 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,240 shares of company stock valued at $8,044,893. Insiders own 0.96% of the company’s stock.

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.