Stifel Financial Corp Has $18.27 Million Stake in Delta Air Lines, Inc. (NYSE:DAL)

Stifel Financial Corp reduced its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 12.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 359,600 shares of the transportation company’s stock after selling 51,842 shares during the quarter. Stifel Financial Corp owned 0.06% of Delta Air Lines worth $18,265,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Senator Investment Group LP raised its holdings in 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. Crossmark Global Holdings Inc. raised its holdings in shares of Delta Air Lines by 5.4% during the third quarter. Crossmark Global Holdings Inc. now owns 268,636 shares of the transportation company’s stock worth $13,644,000 after acquiring an additional 13,802 shares during the period. KBC Group NV lifted its position in Delta Air Lines by 143.7% in the 3rd quarter. KBC Group NV now owns 56,611 shares of the transportation company’s stock valued at $2,876,000 after acquiring an additional 33,378 shares in the last quarter. Olstein Capital Management L.P. boosted its stake in Delta Air Lines by 32.6% in the 3rd quarter. Olstein Capital Management L.P. now owns 175,000 shares of the transportation company’s stock worth $8,888,000 after purchasing an additional 43,000 shares during the period. Finally, River Road Asset Management LLC boosted its stake in Delta Air Lines by 22.8% in the 3rd quarter. River Road Asset Management LLC now owns 130,608 shares of the transportation company’s stock worth $6,634,000 after purchasing an additional 24,249 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of the stock in a transaction dated Friday, November 8th. The shares were 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 of the company’s stock, valued at $1,197,608.72. This represents a 52.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven M. Sear sold 10,279 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $58.72, for a total value of $603,582.88. Following the sale, the executive vice president now owns 78,459 shares of the company’s stock, valued at approximately $4,607,112.48. This represents a 11.58 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 140,240 shares of company stock worth $8,044,893. 0.96% of the stock is owned by insiders.

Delta Air Lines Trading Down 3.5 %

Shares of NYSE:DAL opened at $62.27 on Tuesday. Delta Air Lines, Inc. has a 52-week low of $36.34 and a 52-week high of $67.50. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. The company has a market capitalization of $40.18 billion, a P/E ratio of 8.65, a price-to-earnings-growth ratio of 1.23 and a beta of 1.35. The company has a 50-day simple moving average of $58.45 and a 200 day simple moving average of $49.99.

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). The business had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.65 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.03 earnings per share. Sell-side analysts forecast that Delta Air Lines, Inc. will post 6.08 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Thursday, October 10th. Delta Air Lines’s payout ratio is presently 8.33%.

Wall Street Analyst Weigh In

DAL has been the topic of a number of research reports. Sanford C. Bernstein boosted their price target on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft upped their price target on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Citigroup lifted their price objective on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. UBS Group restated a “buy” rating and set a $88.00 target price on shares of Delta Air Lines in a report on Tuesday, November 26th. Finally, Jefferies Financial Group raised their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $75.83.

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.