Marshall Wace LLP acquired a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 68,351 shares of the transportation company’s stock, valued at approximately $3,691,000.

Several other large investors have also recently bought and sold shares of the company. Patten Group Inc. boosted its stake in Delta Air Lines by 0.3% in the first quarter. Patten Group Inc. now owns 9,307 shares of the transportation company’s stock valued at $420,000 after buying an additional 30 shares during the period. Wetherby Asset Management Inc. boosted its stake in Delta Air Lines by 0.8% in the first quarter. Wetherby Asset Management Inc. now owns 6,020 shares of the transportation company’s stock valued at $277,000 after buying an additional 49 shares during the period. Traynor Capital Management Inc. boosted its stake in Delta Air Lines by 1.2% in the second quarter. Traynor Capital Management Inc. now owns 4,911 shares of the transportation company’s stock valued at $246,000 after buying an additional 58 shares during the period. Independent Advisor Alliance boosted its stake in Delta Air Lines by 0.8% in the first quarter. Independent Advisor Alliance now owns 8,254 shares of the transportation company’s stock valued at $372,000 after buying an additional 64 shares during the period. Finally, Banced Corp boosted its stake in Delta Air Lines by 1.2% in the second quarter. Banced Corp now owns 7,895 shares of the transportation company’s stock valued at $425,000 after buying an additional 96 shares during the period. Institutional investors own 87.88% of the company’s stock.

Delta Air Lines, Inc. (NYSE:DAL) opened at 47.53 on Monday. Delta Air Lines, Inc. has a 1-year low of $35.90 and a 1-year high of $55.75. The company has a market capitalization of $34.60 billion, a price-to-earnings ratio of 9.42 and a beta of 1.20. The firm has a 50 day moving average of $51.80 and a 200-day moving average of $49.44.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, July 13th. The transportation company reported $1.64 earnings per share 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 business 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 earned $1.47 EPS. Delta Air Lines’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities research analysts anticipate that Delta Air Lines, Inc. will post $5.12 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Wednesday, August 23rd will be paid a dividend of $0.305 per share. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, August 21st. This represents a $1.22 dividend on an annualized basis and a yield of 2.57%. Delta Air Lines’s dividend payout ratio (DPR) is presently 16.10%.

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Several equities research analysts have recently weighed in on the stock. Bank of America Corporation increased their price objective on shares of Delta Air Lines from $64.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, June 30th. BidaskClub upgraded shares of Delta Air Lines from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Stifel Nicolaus restated a “buy” rating on shares of Delta Air Lines in a report on Friday, May 26th. Sanford C. Bernstein restated an “outperform” rating and issued a $60.00 price target on shares of Delta Air Lines in a report on Thursday, July 13th. Finally, ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 2nd. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $60.56.

In other Delta Air Lines news, VP Craig M. Meynard sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $55.26, for a total transaction of $276,300.00. Following the sale, the vice president now owns 7,437 shares in the company, valued at approximately $410,968.62. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Joanne D. Smith sold 3,700 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $54.00, for a total transaction of $199,800.00. Following the sale, the executive vice president now owns 77,223 shares in the company, valued at approximately $4,170,042. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 389,000 shares of company stock worth $31,120 and have sold 101,831 shares worth $5,489,982. 0.37% of the stock is currently owned by company 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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