Delta Air Lines, Inc. $DAL Shares Sold by Cookson Peirce & Co. Inc.

Key Points

• Cookson Peirce & Co. Inc. has reduced its holdings in Delta Air Lines by 40.5% during the 2nd quarter, leaving them with a value of approximately $1.95 million.
• In recent analysts' updates, several firms have increased their price targets for Delta Air Lines, with Rothschild & Co Redburn raising it from $65.00 to $72.00.
• Delta Air Lines announced a quarterly dividend of $0.1875 per share, to be paid on November 6th, representing an annual yield of 1.2%.

Cookson Peirce & Co. Inc. decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 40.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,600 shares of the transportation company's stock after selling 26,979 shares during the period. Cookson Peirce & Co. Inc.'s holdings in Delta Air Lines were worth $1,948,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Delta Air Lines in the 2nd quarter worth approximately $386,364,000. Pacer Advisors Inc. lifted its stake in Delta Air Lines by 5,224.6% in the 1st quarter. Pacer Advisors Inc. now owns 4,336,709 shares of the transportation company's stock valued at $189,081,000 after buying an additional 4,255,262 shares in the last quarter. AQR Capital Management LLC lifted its stake in Delta Air Lines by 149.9% in the 1st quarter. AQR Capital Management LLC now owns 5,963,882 shares of the transportation company's stock valued at $246,487,000 after buying an additional 3,577,489 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Delta Air Lines by 347.4% in the 1st quarter. Ameriprise Financial Inc. now owns 4,232,974 shares of the transportation company's stock valued at $184,909,000 after buying an additional 3,286,741 shares in the last quarter. Finally, Ninety One UK Ltd lifted its stake in Delta Air Lines by 1,469.9% in the 1st quarter. Ninety One UK Ltd now owns 3,309,020 shares of the transportation company's stock valued at $144,273,000 after buying an additional 3,098,237 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on DAL shares. Rothschild & Co Redburn boosted their price target on Delta Air Lines from $65.00 to $72.00 in a report on Tuesday, October 14th. Dbs Bank upgraded Delta Air Lines from a "hold" rating to a "buy" rating in a report on Friday, October 3rd. Susquehanna Bancshares increased their price target on Delta Air Lines from $51.00 to $65.00 and gave the company a "positive" rating in a report on Friday, July 11th. Barclays increased their price target on Delta Air Lines from $58.00 to $65.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Finally, Seaport Global Securities increased their price target on Delta Air Lines from $69.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $71.53.

Delta Air Lines Stock Up 1.0%

Shares of Delta Air Lines stock opened at $62.34 on Wednesday. The business has a 50-day moving average of $59.59 and a 200-day moving average of $52.47. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.40 and a quick ratio of 0.34. The company has a market capitalization of $40.71 billion, a PE ratio of 8.78, a P/E/G ratio of 1.41 and a beta of 1.50. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued 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 business had revenue of $8.40 billion for the quarter. As a group, equities analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th will be issued a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a yield of 1.2%. Delta Air Lines's dividend payout ratio (DPR) is currently 10.56%.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, Director Michael P. Huerta sold 2,500 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total value of $151,750.00. Following the transaction, the director owned 33,245 shares of the company's stock, valued at $2,017,971.50. This trade represents a 6.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP William C. Carroll sold 14,010 shares of the firm's stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total transaction of $858,112.50. Following the completion of the transaction, the senior vice president directly owned 15,816 shares in the company, valued at $968,730. This represents a 46.97% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.96% of the company's stock.

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.

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