Glenview Trust co Buys 220,943 Shares of Delta Air Lines, Inc. $DAL

Glenview Trust co grew its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4,382.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 225,985 shares of the transportation company’s stock after purchasing an additional 220,943 shares during the quarter. Glenview Trust co’s holdings in Delta Air Lines were worth $11,114,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in Delta Air Lines by 33.5% during the 4th quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock valued at $555,000 after buying an additional 2,302 shares during the period. National Bank of Canada FI raised its stake in shares of Delta Air Lines by 19.7% during the first quarter. National Bank of Canada FI now owns 251,604 shares of the transportation company’s stock valued at $10,969,000 after acquiring an additional 41,474 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Delta Air Lines during the first quarter valued at about $33,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Delta Air Lines during the first quarter worth about $301,000. Finally, Benjamin Edwards Inc. boosted its holdings in shares of Delta Air Lines by 35.0% during the first quarter. Benjamin Edwards Inc. now owns 22,126 shares of the transportation company’s stock worth $965,000 after purchasing an additional 5,733 shares during the period. Institutional investors own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DAL shares. Cowen restated a “buy” rating on shares of Delta Air Lines in a report on Thursday, December 4th. Evercore ISI lifted their price objective on Delta Air Lines from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Susquehanna upped their target price on Delta Air Lines from $68.00 to $70.00 and gave the company a “positive” rating in a report on Friday, October 10th. Wolfe Research dropped their price target on Delta Air Lines from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Monday, November 17th. Finally, HSBC boosted their price objective on shares of Delta Air Lines from $69.20 to $73.70 and gave the company a “buy” rating in a research report on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $73.40.

Insider Activity

In other Delta Air Lines news, EVP John E. Laughter sold 23,323 shares of the company’s stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total value of $1,453,722.59. Following the sale, the executive vice president owned 81,109 shares in the company, valued at approximately $5,055,523.97. This represents a 22.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William C. Carroll sold 14,010 shares of the firm’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 transaction of $858,112.50. Following the transaction, the senior vice president directly owned 15,816 shares of the company’s stock, valued at $968,730. This represents a 46.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.88% of the company’s stock.

Delta Air Lines Trading Up 3.7%

NYSE DAL opened at $69.92 on Thursday. The firm has a market capitalization of $45.66 billion, a PE ratio of 9.85, a P/E/G ratio of 1.58 and a beta of 1.38. The stock’s 50 day moving average is $60.42 and its 200 day moving average is $56.74. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.68.

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

Delta Air Lines Announces Dividend

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

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.