Banco Bilbao Vizcaya Argentaria S.A. Sells 183,128 Shares of Delta Air Lines, Inc. $DAL

Banco Bilbao Vizcaya Argentaria S.A. lessened its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 27.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 493,377 shares of the transportation company’s stock after selling 183,128 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Delta Air Lines were worth $24,251,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DAL. Signature Resources Capital Management LLC bought a new position in shares of Delta Air Lines during the 2nd quarter valued at approximately $25,000. NewSquare Capital LLC raised its stake in Delta Air Lines by 184.6% during the second quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 371 shares in the last quarter. Activest Wealth Management raised its stake in Delta Air Lines by 2,280.8% during the second quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 593 shares in the last quarter. Wealth Preservation Advisors LLC bought a new position in Delta Air Lines during the first quarter valued at $31,000. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Delta Air Lines in the 1st quarter worth $33,000. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Down 1.0%

NYSE:DAL opened at $59.90 on Friday. The company has a market cap of $39.11 billion, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 1.35 and a beta of 1.52. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.68. The stock has a fifty day simple moving average of $58.93 and a 200-day simple moving average of $54.63.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. The company had revenue of $8.40 billion for the quarter. Analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Thursday, October 16th were issued a $0.1875 dividend. The ex-dividend date was Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.3%. Delta Air Lines’s payout ratio is presently 10.56%.

Insider Buying and Selling

In other news, Director Michael P. Huerta sold 2,500 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $60.70, for a total transaction of $151,750.00. Following the transaction, the director owned 33,245 shares of the company’s stock, valued at approximately $2,017,971.50. This represents a 6.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John E. Laughter sold 23,323 shares of the firm’s stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total value of $1,453,722.59. Following the transaction, the executive vice president owned 81,109 shares in the company, valued at approximately $5,055,523.97. This represents a 22.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 39,833 shares of company stock valued at $2,463,585 over the last quarter. 0.88% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Delta Air Lines from $72.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Raymond James Financial boosted their price objective on Delta Air Lines from $68.00 to $70.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 10th. Wolfe Research raised their price objective on Delta Air Lines from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Bank of America lifted their target price on Delta Air Lines from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Finally, Jefferies Financial Group increased their price target on Delta Air Lines from $70.00 to $74.00 and gave the company a “buy” rating in a report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, Delta Air Lines currently has a consensus rating of “Buy” and an average target price of $71.53.

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.