Delta Air Lines, Inc. $DAL Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp trimmed its stake in Delta Air Lines, Inc. (NYSE:DAL) by 33.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,940 shares of the transportation company’s stock after selling 23,307 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Delta Air Lines were worth $2,259,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of DAL. Valeo Financial Advisors LLC grew its stake in shares of Delta Air Lines by 12.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 15,900 shares of the transportation company’s stock valued at $782,000 after buying an additional 1,751 shares during the period. L1 Capital Pty Ltd purchased a new position in shares of Delta Air Lines in the 2nd quarter worth about $519,000. Osaic Holdings Inc. lifted its stake in shares of Delta Air Lines by 38.6% in the 2nd quarter. Osaic Holdings Inc. now owns 213,025 shares of the transportation company’s stock valued at $10,458,000 after purchasing an additional 59,313 shares in the last quarter. Total Investment Management Inc. grew its holdings in shares of Delta Air Lines by 21.8% during the 2nd quarter. Total Investment Management Inc. now owns 7,883 shares of the transportation company’s stock worth $388,000 after purchasing an additional 1,412 shares during the period. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Delta Air Lines by 39.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 2,407,585 shares of the transportation company’s stock worth $118,409,000 after purchasing an additional 685,312 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

Delta Air Lines stock opened at $71.08 on Monday. Delta Air Lines, Inc. has a 12-month low of $34.74 and a 12-month high of $72.34. 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 $46.41 billion, a price-to-earnings ratio of 10.01, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38. The firm’s fifty day moving average price is $62.23 and its 200 day moving average price is $57.87.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 earnings per share for the quarter. The company had revenue of $8.40 billion during the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. On average, research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Thursday, October 16th were paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, October 16th. Delta Air Lines’s payout ratio is 10.56%.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP John E. Laughter sold 23,323 shares of the company’s stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the sale, the executive vice president owned 81,109 shares in the company, valued at $5,055,523.97. This represents a 22.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP William C. Carroll sold 14,010 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total value of $858,112.50. Following the completion of the sale, the senior vice president owned 15,816 shares of the company’s stock, valued at $968,730. This trade represents a 46.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.96% of the stock is owned by company insiders.

Analyst Ratings Changes

DAL has been the topic of a number of recent research reports. Seaport Global Securities lifted their price target on shares of Delta Air Lines from $69.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, September 11th. Jefferies Financial Group cut their target price on shares of Delta Air Lines from $74.00 to $72.00 and set a “buy” rating on the stock in a research note on Tuesday, December 2nd. Citigroup started coverage on shares of Delta Air Lines in a research report on Thursday, December 4th. They set a “buy” rating and a $77.00 price target for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Delta Air Lines in a report on Wednesday, October 8th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $80.00 price objective on shares of Delta Air Lines in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $75.07.

Delta Air Lines Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.