Public Employees Retirement Association of Colorado increased its stake in shares of Delta Air Lines Inc. (NYSE:DAL) by 30.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,217,335 shares of the company’s stock after buying an additional 281,253 shares during the period. Public Employees Retirement Association of Colorado owned about 0.16% of Delta Air Lines worth $44,348,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Gluskin Sheff & Assoc Inc. raised its position in Delta Air Lines by 41.1% in the second quarter. Gluskin Sheff & Assoc Inc. now owns 207,050 shares of the company’s stock valued at $7,543,000 after buying an additional 60,316 shares during the period. Baker Ellis Asset Management LLC raised its position in Delta Air Lines by 32.8% in the second quarter. Baker Ellis Asset Management LLC now owns 6,885 shares of the company’s stock valued at $251,000 after buying an additional 1,700 shares during the period. Quadrant Capital Group LLC raised its position in Delta Air Lines by 1.9% in the second quarter. Quadrant Capital Group LLC now owns 4,211 shares of the company’s stock valued at $150,000 after buying an additional 79 shares during the period. SignalPoint Asset Management LLC raised its position in Delta Air Lines by 4.2% in the second quarter. SignalPoint Asset Management LLC now owns 12,373 shares of the company’s stock valued at $451,000 after buying an additional 494 shares during the period. Finally, Huntington National Bank raised its position in Delta Air Lines by 0.4% in the second quarter. Huntington National Bank now owns 5,500 shares of the company’s stock valued at $200,000 after buying an additional 21 shares during the period. Institutional investors own 84.51% of the company’s stock.

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

Shares of Delta Air Lines Inc. (NYSE:DAL) traded up 2.05% on Monday, reaching $39.75. The company’s stock had a trading volume of 5,664,446 shares. The stock has a 50-day moving average price of $37.96 and a 200-day moving average price of $40.60. Delta Air Lines Inc. has a 1-year low of $32.60 and a 1-year high of $52.77. The company has a market capitalization of $30.13 billion, a price-to-earnings ratio of 6.47 and a beta of 0.95.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, July 14th. The company reported $1.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.05. Delta Air Lines had a return on equity of 40.31% and a net margin of 11.88%. The firm had revenue of $10.45 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the previous year, the business earned $1.27 earnings per share. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, equities research analysts forecast that Delta Air Lines Inc. will post $5.70 EPS for the current year.

Several equities analysts have issued reports on the company. Vetr lowered Delta Air Lines from a “strong-buy” rating to a “hold” rating and set a $41.22 target price on the stock. in a research note on Thursday. Bank of America Corp. set a $60.00 target price on Delta Air Lines and gave the company a “buy” rating in a research note on Tuesday, October 4th. Buckingham Research set a $54.00 target price on Delta Air Lines and gave the company a “buy” rating in a research note on Wednesday, October 5th. Credit Suisse Group AG reiterated a “buy” rating and issued a $52.00 target price on shares of Delta Air Lines in a research note on Tuesday, September 13th. Finally, Zacks Investment Research upgraded Delta Air Lines from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 6th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Delta Air Lines presently has a consensus rating of “Buy” and a consensus target price of $53.67.

In related news, EVP Steven M. Sear sold 4,670 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $37.18, for a total value of $173,630.60. Following the sale, the executive vice president now directly owns 52,173 shares in the company, valued at $1,939,792.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Richard H. Anderson sold 758,000 shares of Delta Air Lines stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $40.07, for a total value of $30,373,060.00. Following the completion of the sale, the chairman now owns 743,827 shares in the company, valued at $29,805,147.89. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.

About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s operates through segments, including Airline Segment and Refinery Segment. The Airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the United States and around the world and other ancillary airline services.

5 Day Chart for NYSE:DAL

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