Bremer Trust National Association reduced its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 12.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,622 shares of the transportation company’s stock after selling 5,508 shares during the period. Bremer Trust National Association’s holdings in Delta Air Lines were worth $2,076,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of DAL. Xact Kapitalforvaltning AB raised its stake in shares of Delta Air Lines by 17.3% in the second quarter. Xact Kapitalforvaltning AB now owns 32,606 shares of the transportation company’s stock worth $1,752,000 after buying an additional 4,802 shares in the last quarter. Independent Portfolio Consultants Inc. raised its position in shares of Delta Air Lines by 87.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,964 shares of the transportation company’s stock worth $159,000 after buying an additional 1,384 shares during the period. Columbia Partners L L C Investment Management acquired a new position in shares of Delta Air Lines during the first quarter worth approximately $1,725,000. Sowell Financial Services LLC raised its position in shares of Delta Air Lines by 3.8% in the first quarter. Sowell Financial Services LLC now owns 5,809 shares of the transportation company’s stock worth $284,000 after buying an additional 214 shares during the period. Finally, Patten Group Inc. raised its position in shares of Delta Air Lines by 0.3% in the first quarter. Patten Group Inc. now owns 9,307 shares of the transportation company’s stock worth $420,000 after buying an additional 30 shares during the period. Hedge funds and other institutional investors own 86.15% of the company’s stock.

Shares of Delta Air Lines, Inc. (DAL) opened at 53.96 on Wednesday. The company has a market capitalization of $39.28 billion, a P/E ratio of 10.70 and a beta of 1.22. The firm has a 50-day moving average of $52.86 and a 200 day moving average of $49.37. Delta Air Lines, Inc. has a 1-year low of $35.84 and a 1-year high of $55.75.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, July 13th. The transportation company reported $1.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by $0.02. Delta Air Lines had a return on equity of 28.33% and a net margin of 9.30%. The company had revenue of $10.79 billion during the quarter, compared to the consensus estimate of $10.81 billion. During the same quarter last year, the company posted $1.47 earnings per share. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities research analysts expect that Delta Air Lines, Inc. will post $5.12 earnings per share for the current year.

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A number of equities analysts have recently commented on DAL shares. Deutsche Bank AG lifted their price target on shares of Delta Air Lines from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, April 18th. ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 20th. Vetr lowered shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $52.43 price target on the stock. in a report on Tuesday, May 2nd. Evercore ISI reiterated an “outperform” rating and set a $66.00 price target on shares of Delta Air Lines in a report on Friday, July 14th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $80.00 price target (up previously from $75.00) on shares of Delta Air Lines in a report on Friday, July 14th. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $59.41.

In related news, EVP Joanne D. Smith sold 4,475 shares of the stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $49.32, for a total value of $220,707.00. Following the completion of the transaction, the executive vice president now directly owns 85,398 shares in the company, valued at approximately $4,211,829.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Edward H. Bastian sold 25,000 shares of the stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $48.55, for a total transaction of $1,213,750.00. Following the completion of the transaction, the chief executive officer now owns 285,508 shares of the company’s stock, valued at $13,861,413.40. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 448,000 shares of company stock valued at $35,840 and sold 127,606 shares valued at $6,724,639. 0.37% of the stock is currently owned by corporate insiders.

Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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

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