Envestnet Asset Management Inc. Acquires 279,204 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Envestnet Asset Management Inc. raised its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 75.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 649,678 shares of the transportation company’s stock after acquiring an additional 279,204 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.10% of Delta Air Lines worth $37,421,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Carroll Financial Associates Inc. lifted its holdings in shares of Delta Air Lines by 105.6% in the 2nd quarter. Carroll Financial Associates Inc. now owns 623 shares of the transportation company’s stock worth $35,000 after buying an additional 320 shares during the period. Cornerstone Advisors Inc. lifted its holdings in shares of Delta Air Lines by 36.0% in the 2nd quarter. Cornerstone Advisors Inc. now owns 620 shares of the transportation company’s stock worth $35,000 after buying an additional 164 shares during the period. Avestar Capital LLC lifted its holdings in shares of Delta Air Lines by 3,385.0% in the 2nd quarter. Avestar Capital LLC now owns 697 shares of the transportation company’s stock worth $37,000 after buying an additional 677 shares during the period. Reilly Financial Advisors LLC purchased a new stake in shares of Delta Air Lines in the 3rd quarter worth $38,000. Finally, Covington Capital Management lifted its holdings in shares of Delta Air Lines by 35.4% in the 2nd quarter. Covington Capital Management now owns 746 shares of the transportation company’s stock worth $42,000 after buying an additional 195 shares during the period. 86.14% of the stock is currently owned by institutional investors.

In related news, EVP Rahul D. Samant sold 16,559 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $61.87, for a total transaction of $1,024,505.33. Following the transaction, the executive vice president now directly owns 51,039 shares of the company’s stock, valued at approximately $3,157,782.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.47% of the company’s stock.

Several equities research analysts have weighed in on DAL shares. Buckingham Research lowered their target price on Delta Air Lines from $58.00 to $56.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Deutsche Bank upped their price objective on Delta Air Lines from $56.00 to $61.00 and gave the stock a “hold” rating in a research note on Friday, July 12th. Zacks Investment Research upgraded Delta Air Lines from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Friday, September 6th. ValuEngine upgraded Delta Air Lines from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Argus cut Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $65.17.

Shares of NYSE DAL opened at $53.83 on Monday. The business has a fifty day moving average price of $56.70 and a 200 day moving average price of $57.27. Delta Air Lines, Inc. has a 1-year low of $45.08 and a 1-year high of $63.44. The stock has a market capitalization of $34.52 billion, a P/E ratio of 9.53, a price-to-earnings-growth ratio of 0.64 and a beta of 1.16. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.34 and a quick ratio of 0.29.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, October 10th. The transportation company reported $2.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.26 by $0.06. Delta Air Lines had a return on equity of 32.84% and a net margin of 10.12%. The company had revenue of $12.56 billion for the quarter, compared to analyst estimates of $12.61 billion. During the same period in the prior year, the company posted $1.80 EPS. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Delta Air Lines, Inc. will post 7.04 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 24th will be given a dividend of $0.403 per share. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.40. This represents a $1.61 annualized dividend and a yield of 2.99%. The ex-dividend date is Wednesday, October 23rd. Delta Air Lines’s dividend payout ratio is currently 28.50%.

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 and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

Read More: How to Use the New Google Finance Tool

Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DAL).

Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.