Delta Air Lines, Inc. (NYSE:DAL) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 12.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,329,941 shares of the transportation company’s stock after purchasing an additional 147,438 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.21% of Delta Air Lines worth $67,548,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Future Financial Wealth Managment LLC acquired a new position in Delta Air Lines during the third quarter worth about $25,000. Kimelman & Baird LLC acquired a new position in shares of Delta Air Lines during the 2nd quarter worth approximately $31,000. Ashton Thomas Securities LLC purchased a new stake in shares of Delta Air Lines in the third quarter valued at approximately $31,000. Strategic Financial Concepts LLC acquired a new stake in shares of Delta Air Lines in the second quarter valued at approximately $36,000. Finally, Unique Wealth Strategies LLC purchased a new position in Delta Air Lines during the second quarter worth approximately $40,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

DAL has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Jefferies Financial Group boosted their price target 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. Susquehanna raised their price objective 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 lifted their target price on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, Citigroup increased their price target on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $75.83.

Delta Air Lines Stock Down 0.7 %

Shares of NYSE DAL opened at $63.37 on Tuesday. Delta Air Lines, Inc. has a 52-week low of $36.34 and a 52-week high of $66.25. The business’s 50 day moving average is $56.75 and its two-hundred day moving average is $49.50. The firm has a market cap of $40.89 billion, a price-to-earnings ratio of 8.80, a PEG ratio of 1.21 and a beta of 1.33. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.02). The firm had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. Delta Air Lines’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.03 EPS. Research analysts predict that Delta Air Lines, Inc. will post 6.07 EPS for the current year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.60 annualized dividend and a yield of 0.95%. Delta Air Lines’s dividend payout ratio is presently 8.33%.

Insiders Place Their Bets

In related news, EVP Joanne D. Smith sold 3,431 shares of Delta Air Lines 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 owns 108,990 shares in the company, valued at $5,499,635.40. The trade was a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP William C. Carroll sold 21,530 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the completion of the sale, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,197,608.72. This represents a 52.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,240 shares of company stock worth $8,044,893 over the last 90 days. Corporate 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.