OLD Mutual Customised Solutions Proprietary Ltd. maintained its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,200 shares of the transportation company’s stock at the end of the first quarter. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Delta Air Lines were worth $239,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Delta Air Lines by 2,951.4% in the first quarter. BlackRock Inc. now owns 45,260,856 shares of the transportation company’s stock valued at $2,080,189,000 after buying an additional 43,777,555 shares during the period. Winslow Capital Management LLC increased its stake in shares of Delta Air Lines by 5,815,030.8% in the first quarter. Winslow Capital Management LLC now owns 4,535,802 shares of the transportation company’s stock valued at $208,465,000 after buying an additional 4,535,724 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Delta Air Lines by 85.6% in the first quarter. Dimensional Fund Advisors LP now owns 7,039,445 shares of the transportation company’s stock valued at $323,542,000 after buying an additional 3,245,791 shares during the period. Primecap Management Co. CA increased its stake in shares of Delta Air Lines by 9.3% in the first quarter. Primecap Management Co. CA now owns 22,713,894 shares of the transportation company’s stock valued at $1,043,931,000 after buying an additional 1,930,614 shares during the period. Finally, Lansdowne Partners UK LLP increased its stake in shares of Delta Air Lines by 7.3% in the first quarter. Lansdowne Partners UK LLP now owns 28,103,972 shares of the transportation company’s stock valued at $1,291,656,000 after buying an additional 1,918,036 shares during the period. Institutional investors own 87.65% of the company’s stock.

Delta Air Lines, Inc. (NYSE DAL) traded down 0.87% during trading on Tuesday, reaching $50.31. 5,847,057 shares of the company’s stock traded hands. Delta Air Lines, Inc. has a 12 month low of $35.84 and a 12 month high of $55.75. The firm has a market cap of $36.63 billion, a PE ratio of 9.97 and a beta of 1.20. The firm has a 50 day moving average price of $52.75 and a 200-day moving average price of $49.46.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, July 13th. The transportation company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.66 by $0.02. The firm had revenue of $10.79 billion for the quarter, compared to analyst estimates of $10.81 billion. Delta Air Lines had a return on equity of 28.33% and a net margin of 9.30%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.47 earnings per share. On average, analysts forecast that Delta Air Lines, Inc. will post $5.12 earnings per share for the current fiscal year.

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Several brokerages have issued reports on DAL. BidaskClub downgraded shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research note on Friday. ValuEngine raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 2nd. Vetr raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $57.50 price target on the stock in a research note on Tuesday, July 25th. Evercore ISI reaffirmed an “outperform” rating and issued a $66.00 price target on shares of Delta Air Lines in a research note on Friday, July 14th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $80.00 price target (up from $75.00) on shares of Delta Air Lines in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $60.16.

In other news, EVP Joanne D. Smith sold 3,700 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $54.00, for a total transaction of $199,800.00. Following the transaction, the executive vice president now directly owns 77,223 shares in the company, valued at approximately $4,170,042. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Craig M. Meynard sold 5,000 shares of the business’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $55.26, for a total transaction of $276,300.00. Following the transaction, the vice president now owns 7,437 shares in the company, valued at $410,968.62. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 394,000 shares of company stock worth $31,520 and have sold 131,306 shares worth $6,924,439. 0.37% of the stock is owned by 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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