NorthRock Partners LLC Buys 1,321 Shares of Delta Air Lines, Inc. (NYSE:DAL)

NorthRock Partners LLC lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 27.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,203 shares of the transportation company’s stock after buying an additional 1,321 shares during the period. NorthRock Partners LLC’s holdings in Delta Air Lines were worth $315,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Global Wealth Management Investment Advisory Inc. grew its holdings in shares of Delta Air Lines by 20.8% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 36,011 shares of the transportation company’s stock worth $1,829,000 after acquiring an additional 6,203 shares during the period. River Road Asset Management LLC boosted its position in shares of Delta Air Lines by 22.8% during the third quarter. River Road Asset Management LLC now owns 130,608 shares of the transportation company’s stock valued at $6,634,000 after purchasing an additional 24,249 shares in the last quarter. Sentry Investment Management LLC boosted its position in shares of Delta Air Lines by 2.5% during the third quarter. Sentry Investment Management LLC now owns 13,245 shares of the transportation company’s stock valued at $673,000 after purchasing an additional 319 shares in the last quarter. QRG Capital Management Inc. raised its holdings in Delta Air Lines by 11.8% in the third quarter. QRG Capital Management Inc. now owns 53,825 shares of the transportation company’s stock worth $2,734,000 after purchasing an additional 5,692 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in Delta Air Lines by 10.3% during the third quarter. Asset Management One Co. Ltd. now owns 116,764 shares of the transportation company’s stock valued at $5,930,000 after buying an additional 10,881 shares during the period. 69.93% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Steven M. Sear sold 10,279 shares of the company’s 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 sale, the executive vice president now owns 78,459 shares in the company, valued at approximately $4,607,112.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Steven M. Sear sold 10,279 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $58.72, for a total value of $603,582.88. Following the transaction, the executive vice president now owns 78,459 shares of the company’s stock, valued at approximately $4,607,112.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Joanne D. Smith sold 3,431 shares of the company’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 transaction of $173,128.26. Following the sale, the executive vice president now directly owns 108,990 shares of the company’s stock, valued at approximately $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. Insiders have sold 111,200 shares of company stock valued at $6,269,469 in the last ninety days. 0.96% of the stock is currently owned by company insiders.

Delta Air Lines Trading Up 6.9 %

Delta Air Lines stock opened at $62.29 on Thursday. Delta Air Lines, Inc. has a one year low of $32.61 and a one year high of $62.66. The business’s fifty day moving average is $50.12 and its 200 day moving average is $48.04. The stock has a market capitalization of $40.19 billion, a PE ratio of 8.65, a price-to-earnings-growth ratio of 1.10 and a beta of 1.33. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results 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 net margin of 7.71% and a return on equity of 29.93%. The company had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.65 billion. During the same period in the previous year, the business earned $2.03 EPS. The business’s revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts predict that Delta Air Lines, Inc. will post 6.12 EPS for the current year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders 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 0.96%. Delta Air Lines’s dividend payout ratio is presently 8.33%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. 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 report on Wednesday, October 9th. Barclays upped their price objective on shares of Delta Air Lines from $52.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. BNP Paribas upgraded shares of Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. TD Cowen cut their price target on 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. Finally, Jefferies Financial Group lifted their price objective on Delta Air Lines from $56.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. One equities research 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. Based on data from MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and an average 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.