Paradigm Asset Management Co. LLC cut its position in Delta Air Lines, Inc. (NYSE:DAL) by 11.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,780 shares of the transportation company’s stock after selling 10,250 shares during the period. Delta Air Lines accounts for about 0.9% of Paradigm Asset Management Co. LLC’s holdings, making the stock its 15th largest position. Paradigm Asset Management Co. LLC’s holdings in Delta Air Lines were worth $4,287,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. raised its stake in 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 worth $2,080,189,000 after buying an additional 43,777,555 shares during the last quarter. Winslow Capital Management LLC raised its stake in 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 worth $208,465,000 after buying an additional 4,535,724 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in 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 worth $323,542,000 after buying an additional 3,245,791 shares during the last quarter. Sound Shore Management Inc. CT acquired a new stake in Delta Air Lines during the second quarter worth approximately $158,224,000. Finally, Primecap Management Co. CA raised its stake in 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 worth $1,043,931,000 after buying an additional 1,930,614 shares during the last quarter. 87.88% of the stock is owned by institutional investors and hedge funds.

Shares of Delta Air Lines, Inc. (NYSE:DAL) traded up 2.26% during trading on Friday, hitting $46.23. The stock had a trading volume of 1,237,632 shares. The firm has a 50 day moving average price of $51.03 and a 200 day moving average price of $49.42. The firm has a market cap of $33.66 billion, a P/E ratio of 9.16 and a beta of 1.20. Delta Air Lines, Inc. has a 12-month low of $35.90 and a 12-month high of $55.75. Delta Air Lines also saw unusually large options trading activity on Tuesday. Stock investors acquired 12,043 put options on the stock. This represents an increase of 131% compared to the average volume of 5,215 put options.

Delta Air Lines (NYSE:DAL) last issued its earnings results 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. 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 for the quarter, compared to analyst estimates of $10.81 billion. During the same quarter in the previous year, the company posted $1.47 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities analysts expect that Delta Air Lines, Inc. will post $5.12 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 23rd will be given a $0.305 dividend. The ex-dividend date of this dividend is Monday, August 21st. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.20. This represents a $1.22 annualized dividend and a dividend yield of 2.70%. Delta Air Lines’s dividend payout ratio is currently 24.25%.

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DAL has been the subject of a number of research analyst reports. Zacks Investment Research raised Delta Air Lines from a “hold” rating to a “strong-buy” rating and set a $62.00 target price for the company in a report on Tuesday, July 4th. Vetr raised Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $54.35 target price for the company in a report on Monday, May 8th. Bank of America Corporation lifted their target price on Delta Air Lines from $64.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, June 30th. Citigroup Inc. lifted their target price on Delta Air Lines from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, May 12th. Finally, ValuEngine raised Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $62.16.

In other news, President Glen W. Hauenstein sold 67,000 shares of the stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $55.15, for a total value of $3,695,050.00. Following the sale, the president now directly owns 239,418 shares in the company, valued at $13,203,902.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joanne D. Smith sold 3,700 shares of the stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $54.00, for a total transaction of $199,800.00. Following the completion of the sale, the executive vice president now owns 77,223 shares in the company, valued at $4,170,042. The disclosure for this sale can be found here. Over the last quarter, insiders bought 377,000 shares of company stock worth $30,160 and sold 75,700 shares worth $4,171,150. 0.37% 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 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.

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

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