Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank trimmed its position in Delta Air Lines, Inc. (NYSE:DAL) by 33.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 211,712 shares of the transportation company’s stock after selling 106,676 shares during the quarter. Toronto Dominion Bank’s holdings in Delta Air Lines were worth $10,044,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in Delta Air Lines by 220.2% in the fourth quarter. Wellington Management Group LLP now owns 8,600,741 shares of the transportation company’s stock valued at $346,008,000 after acquiring an additional 5,914,301 shares during the last quarter. Capital International Investors lifted its stake in shares of Delta Air Lines by 8.8% in the 4th quarter. Capital International Investors now owns 20,936,699 shares of the transportation company’s stock valued at $842,283,000 after purchasing an additional 1,689,053 shares during the last quarter. Royal London Asset Management Ltd. grew its holdings in shares of Delta Air Lines by 27.0% during the 4th quarter. Royal London Asset Management Ltd. now owns 6,467,749 shares of the transportation company’s stock worth $260,198,000 after purchasing an additional 1,376,221 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in shares of Delta Air Lines during the 2nd quarter worth about $60,217,000. Finally, Russell Investments Group Ltd. raised its holdings in Delta Air Lines by 96.1% in the 1st quarter. Russell Investments Group Ltd. now owns 2,487,387 shares of the transportation company’s stock valued at $119,057,000 after buying an additional 1,219,074 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. BNP Paribas upgraded shares of Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. TD Cowen dropped their target price on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Sanford C. Bernstein decreased their price target on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating on the stock in a research note on Friday, July 12th. Finally, Jefferies Financial Group dropped their price objective on Delta Air Lines from $58.00 to $56.00 and set a “buy” rating for the company in a research note on Friday, June 28th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $61.52.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, Director Willie Cw Chiang purchased 10,000 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was bought at an average cost of $43.90 per share, with a total value of $439,000.00. Following the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at $878,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.96% of the stock is currently owned by corporate insiders.

Delta Air Lines Price Performance

DAL stock opened at $51.52 on Friday. The business’s 50-day moving average is $42.67 and its two-hundred day moving average is $46.44. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.40 and a quick ratio of 0.35. The firm has a market capitalization of $33.25 billion, a P/E ratio of 7.41, a P/E/G ratio of 0.90 and a beta of 1.34. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $53.86.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, July 11th. The transportation company reported $2.36 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.01). Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The firm had revenue of $15.41 billion during the quarter, compared to analyst estimates of $15.45 billion. During the same period last year, the business earned $2.68 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. Analysts anticipate that Delta Air Lines, Inc. will post 6.18 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.16%. Delta Air Lines’s payout ratio is currently 8.63%.

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.