Meeder Asset Management Inc. decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 50.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,782 shares of the transportation company’s stock after selling 8,847 shares during the quarter. Meeder Asset Management Inc.’s holdings in Delta Air Lines were worth $508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of DAL. Huntington National Bank raised its holdings in Delta Air Lines by 73.8% during the 2nd quarter. Huntington National Bank now owns 2,701 shares of the transportation company’s stock valued at $134,000 after acquiring an additional 1,147 shares during the period. Capital Advisors Ltd. LLC bought a new stake in Delta Air Lines during the 3rd quarter valued at $139,000. Point72 Hong Kong Ltd bought a new stake in Delta Air Lines during the 2nd quarter valued at $142,000. Truvestments Capital LLC bought a new stake in Delta Air Lines during the 3rd quarter valued at $143,000. Finally, Baker Ellis Asset Management LLC bought a new stake in Delta Air Lines during the 2nd quarter valued at $163,000. 88.09% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Joanne D. Smith sold 4,353 shares of the company’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $57.50, for a total value of $250,297.50. Following the completion of the transaction, the executive vice president now directly owns 90,972 shares in the company, valued at $5,230,890. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William H. Easter III sold 3,000 shares of the company’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $58.47, for a total transaction of $175,410.00. The disclosure for this sale can be found here. Insiders have sold a total of 42,353 shares of company stock valued at $2,350,708 over the last 90 days. Company insiders own 0.33% of the company’s stock.

A number of brokerages have issued reports on DAL. ValuEngine raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Imperial Capital boosted their target price on shares of Delta Air Lines from $65.00 to $71.00 and gave the company an “outperform” rating in a report on Wednesday, August 22nd. Stephens reissued a “buy” rating and set a $68.00 target price on shares of Delta Air Lines in a report on Monday, October 1st. Buckingham Research boosted their target price on shares of Delta Air Lines from $64.00 to $71.00 and gave the company a “buy” rating in a report on Friday, September 7th. Finally, Citigroup reduced their price target on shares of Delta Air Lines from $65.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Delta Air Lines has an average rating of “Buy” and a consensus target price of $67.99.

DAL opened at $56.65 on Friday. The firm has a market cap of $38.90 billion, a PE ratio of 10.77, a PEG ratio of 0.65 and a beta of 0.94. The company has a quick ratio of 0.31, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. Delta Air Lines, Inc. has a one year low of $48.33 and a one year high of $60.79.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, October 11th. The transportation company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.06. The firm had revenue of $11.95 billion during the quarter, compared to analyst estimates of $11.96 billion. Delta Air Lines had a net margin of 7.87% and a return on equity of 27.72%. During the same period in the previous year, the business earned $1.57 EPS. Sell-side analysts forecast that Delta Air Lines, Inc. will post 5.52 EPS for the current fiscal year.

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

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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 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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