HL Financial Services LLC Has $3.02 Million Stake in Delta Air Lines, Inc. (DAL)

HL Financial Services LLC decreased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 59.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,238 shares of the transportation company’s stock after selling 77,719 shares during the quarter. HL Financial Services LLC’s holdings in Delta Air Lines were worth $3,021,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in DAL. Lansdowne Partners UK LLP grew its stake in Delta Air Lines by 9.6% in the 2nd quarter. Lansdowne Partners UK LLP now owns 28,130,139 shares of the transportation company’s stock valued at $1,393,561,000 after acquiring an additional 2,462,310 shares during the period. Investec Asset Management LTD grew its stake in Delta Air Lines by 44.5% in the 2nd quarter. Investec Asset Management LTD now owns 3,742,148 shares of the transportation company’s stock valued at $185,386,000 after acquiring an additional 1,152,284 shares during the period. BlackRock Inc. grew its stake in Delta Air Lines by 2.4% in the 2nd quarter. BlackRock Inc. now owns 35,660,948 shares of the transportation company’s stock valued at $1,766,644,000 after acquiring an additional 825,244 shares during the period. Janus Henderson Group PLC grew its stake in Delta Air Lines by 74.7% in the 2nd quarter. Janus Henderson Group PLC now owns 1,856,847 shares of the transportation company’s stock valued at $91,988,000 after acquiring an additional 793,984 shares during the period. Finally, OppenheimerFunds Inc. grew its stake in Delta Air Lines by 1,038.7% in the 2nd quarter. OppenheimerFunds Inc. now owns 853,543 shares of the transportation company’s stock valued at $42,285,000 after acquiring an additional 778,585 shares during the period. 88.09% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Joanne D. Smith sold 4,353 shares of Delta Air Lines stock in a transaction on Monday, August 20th. The stock was sold at an average price of $57.50, for a total transaction of $250,297.50. Following the transaction, the executive vice president now owns 90,972 shares in the company, valued at approximately $5,230,890. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Edward H. Bastian sold 35,000 shares of Delta Air Lines stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $55.00, for a total value of $1,925,000.00. Following the transaction, the chief executive officer now owns 266,943 shares in the company, valued at approximately $14,681,865. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,353 shares of company stock worth $2,350,708. 0.33% of the stock is currently owned by corporate insiders.

Shares of DAL opened at $56.73 on Friday. Delta Air Lines, Inc. has a 52-week low of $48.33 and a 52-week high of $60.79. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.37. The firm has a market cap of $38.03 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 0.64 and a beta of 0.94.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, October 11th. The transportation company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.06. Delta Air Lines had a net margin of 7.87% and a return on equity of 27.72%. The company had revenue of $11.95 billion for the quarter, compared to analysts’ expectations of $11.96 billion. During the same quarter in the previous year, the company posted $1.57 EPS. As a group, analysts forecast that Delta Air Lines, Inc. will post 5.52 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 28th. Shareholders of record on Wednesday, November 7th will be paid a dividend of $0.35 per share. The ex-dividend date is Tuesday, November 6th. This represents a $1.40 annualized dividend and a yield of 2.47%. Delta Air Lines’s dividend payout ratio (DPR) is presently 28.40%.

A number of research firms recently issued reports on DAL. Imperial Capital reissued an “outperform” rating and issued a $68.00 price target on shares of Delta Air Lines in a research note on Friday, July 13th. Barclays dropped their price target on shares of Delta Air Lines from $73.00 to $62.00 and set an “overweight” rating on the stock in a research note on Monday, July 16th. Zacks Investment Research cut shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. ValuEngine raised shares of Delta Air Lines from a “sell” rating to a “hold” rating in a research note on Thursday, July 12th. Finally, Stifel Nicolaus lowered their target price on shares of Delta Air Lines from $100.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, July 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Delta Air Lines currently has a consensus rating of “Buy” and a consensus price target of $67.99.

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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 route network is centered on a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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