Robeco Institutional Asset Management B.V. cut its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 5.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 380,824 shares of the transportation company’s stock after selling 22,299 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.05% of Delta Air Lines worth $20,466,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of DAL. Patten Group Inc. increased 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 in the last quarter. Wetherby Asset Management Inc. increased its position in shares of 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 worth $277,000 after buying an additional 49 shares in the last quarter. Traynor Capital Management Inc. increased its position in shares of 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 worth $246,000 after buying an additional 58 shares in the last quarter. Independent Advisor Alliance increased its position in shares of Delta Air Lines by 0.8% in the first quarter. Independent Advisor Alliance now owns 8,254 shares of the transportation company’s stock worth $372,000 after buying an additional 64 shares in the last quarter. Finally, Banced Corp increased its position in shares of Delta Air Lines by 1.2% in the second quarter. Banced Corp now owns 7,895 shares of the transportation company’s stock worth $425,000 after buying an additional 96 shares in the last quarter. 86.48% of the stock is owned by hedge funds and other institutional investors.

Shares of Delta Air Lines, Inc. (NYSE:DAL) opened at 46.68 on Monday. Delta Air Lines, Inc. has a 52-week low of $35.90 and a 52-week high of $55.75. The company has a 50-day moving average price of $50.82 and a 200 day moving average price of $49.40. The firm has a market capitalization of $33.98 billion, a PE ratio of 9.25 and a beta of 1.20.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by $0.02. The business had revenue of $10.79 billion for the quarter, compared to the consensus estimate of $10.81 billion. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. Delta Air Lines’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.47 EPS. Analysts expect that Delta Air Lines, Inc. will post $5.12 EPS 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 paid a dividend of $0.305 per share. The ex-dividend date is Monday, August 21st. This represents a $1.22 annualized dividend and a dividend yield of 2.61%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.20. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.25%.

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A number of research analysts recently commented on the company. Bank of America Corporation increased their price target on Delta Air Lines from $64.00 to $71.00 and gave the company a “buy” rating in a report on Friday, June 30th. BidaskClub upgraded Delta Air Lines from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Stifel Nicolaus restated a “buy” rating on shares of Delta Air Lines in a research note on Friday, May 26th. Sanford C. Bernstein restated an “outperform” rating and set a $60.00 price objective on shares of Delta Air Lines in a research note on Thursday, July 13th. Finally, ValuEngine upgraded Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, fifteen have given 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 an average target price of $62.16.

In other Delta Air Lines news, Director George N. Mattson purchased 6,000 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was purchased at an average price of $45.44 per share, with a total value of $272,640.00. Following the completion of the purchase, the director now owns 61,510 shares of the company’s stock, valued at $2,795,014.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Craig M. Meynard sold 5,000 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly owns 7,437 shares of the company’s stock, valued at approximately $410,968.62. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 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 currently owned by company 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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