Delta Air Lines, Inc. (NYSE:DAL) Shares Acquired by Commerce Bank

Commerce Bank boosted its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 0.9% in the third quarter, HoldingsChannel.com reports. The firm owned 28,910 shares of the transportation company’s stock after buying an additional 263 shares during the quarter. Commerce Bank’s holdings in Delta Air Lines were worth $1,468,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. raised its stake in Delta Air Lines by 8.5% during the 1st quarter. Advisors Asset Management Inc. now owns 29,348 shares of the transportation company’s stock worth $1,405,000 after acquiring an additional 2,311 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Delta Air Lines by 39.9% during the first quarter. Canada Pension Plan Investment Board now owns 460,007 shares of the transportation company’s stock worth $22,021,000 after purchasing an additional 131,096 shares in the last quarter. BOKF NA lifted its holdings in shares of Delta Air Lines by 66.7% in the 1st quarter. BOKF NA now owns 2,274 shares of the transportation company’s stock valued at $110,000 after purchasing an additional 910 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Delta Air Lines by 1.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 872,836 shares of the transportation company’s stock valued at $41,784,000 after purchasing an additional 8,797 shares during the period. Finally, Mount Yale Investment Advisors LLC acquired a new stake in shares of Delta Air Lines in the 1st quarter valued at about $1,925,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

NYSE:DAL opened at $63.34 on Friday. The stock has a market capitalization of $40.87 billion, a price-to-earnings ratio of 8.80, a PEG ratio of 1.20 and a beta of 1.33. Delta Air Lines, Inc. has a 1 year low of $35.46 and a 1 year high of $66.25. The stock has a fifty day moving average price of $55.01 and a two-hundred day moving average price of $49.13. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $14.65 billion. During the same quarter last year, the business earned $2.03 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Delta Air Lines, Inc. will post 6.07 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $83.00 price objective on shares of Delta Air Lines in a research note on Friday, November 15th. Bank of America increased their price target on shares of Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Barclays lifted their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Jefferies Financial Group increased their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Delta Air Lines presently has an average rating of “Buy” and a consensus price target of $72.75.

Insider Buying and Selling

In other news, EVP Joanne D. Smith sold 3,431 shares of the firm’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 completion of the transaction, the executive vice president now directly owns 108,990 shares of the company’s stock, valued at $5,499,635.40. This trade represents a 3.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Edward H. Bastian sold 68,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $56.33, for a total value of $3,830,440.00. Following the completion of the sale, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $24,775,004.27. The trade was a 13.39 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 140,240 shares of company stock valued at $8,044,893. 0.96% of the stock is owned by insiders.

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.