Prudential Financial Inc. boosted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 6.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,369,139 shares of the transportation company’s stock after buying an additional 77,497 shares during the period. Prudential Financial Inc. owned about 0.19% of Delta Air Lines worth $73,577,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DAL. US Bancorp DE boosted its position in Delta Air Lines by 15.1% in the second quarter. US Bancorp DE now owns 1,381,854 shares of the transportation company’s stock worth $74,262,000 after buying an additional 181,027 shares during the last quarter. Hosking Partners LLP boosted its position in Delta Air Lines by 10.0% in the first quarter. Hosking Partners LLP now owns 1,861,777 shares of the transportation company’s stock worth $85,567,000 after buying an additional 169,097 shares during the last quarter. Quantitative Investment Management LLC boosted its position in Delta Air Lines by 2.5% in the first quarter. Quantitative Investment Management LLC now owns 100,800 shares of the transportation company’s stock worth $4,632,000 after buying an additional 2,500 shares during the last quarter. Iridian Asset Management LLC CT purchased a new position in Delta Air Lines during the second quarter worth about $1,476,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Delta Air Lines by 1.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,886 shares of the transportation company’s stock worth $3,396,000 after buying an additional 1,390 shares during the last quarter. Hedge funds and other institutional investors own 86.48% of the company’s stock.

Shares of Delta Air Lines, Inc. (NYSE DAL) opened at 46.68 on Monday. Delta Air Lines, Inc. has a one year low of $35.90 and a one year high of $55.75. The stock has a market cap of $33.98 billion, a PE ratio of 9.25 and a beta of 1.20. The firm has a 50-day moving average of $50.82 and a 200-day moving average of $49.40.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results 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 company had revenue of $10.79 billion for the quarter, compared to analyst estimates of $10.81 billion. During the same period in the prior year, the business earned $1.47 earnings per share. Delta Air Lines’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 fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd will be issued a dividend of $0.305 per share. The ex-dividend date of this dividend is Monday, August 21st. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.20. This represents a $1.22 annualized dividend and a dividend yield of 2.61%. Delta Air Lines’s dividend payout ratio (DPR) is currently 24.25%.

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Several equities analysts recently issued reports on the stock. ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th. Vetr upgraded 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 report on Tuesday, July 25th. BidaskClub cut shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Deutsche Bank AG reiterated a “buy” rating and set a $62.00 price target (up previously from $58.00) on shares of Delta Air Lines in a research report on Friday, July 14th. Finally, Atlantic Securities assumed coverage on shares of Delta Air Lines in a research report on Tuesday, June 20th. They set an “overweight” rating and a $68.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Delta Air Lines currently has a consensus rating of “Buy” and a consensus target price of $62.16.

In related news, EVP Joanne D. Smith sold 3,700 shares of the stock in a transaction 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 completion of the sale, the executive vice president now directly owns 77,223 shares of the company’s stock, valued at $4,170,042. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Craig M. Meynard sold 5,000 shares of the stock in a transaction on Friday, July 14th. The stock was sold at an average price of $55.26, for a total value of $276,300.00. Following the sale, the vice president now directly owns 7,437 shares of the company’s stock, valued at $410,968.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 383,000 shares of company stock valued at $302,800 and have sold 75,700 shares valued at $4,171,150. 0.37% of the stock is 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.

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

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