Aviva PLC decreased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 114,573 shares of the transportation company’s stock after selling 480 shares during the period. Aviva PLC’s holdings in Delta Air Lines were worth $6,158,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in 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 valued at $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 valued at $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 valued at $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 valued at 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 valued at $1,043,931,000 after buying an additional 1,930,614 shares during the last quarter. 86.48% of the stock is owned by hedge funds and other institutional investors.

Delta Air Lines, Inc. (DAL) opened at 46.83 on Thursday. The firm has a 50-day moving average price of $50.82 and a 200 day moving average price of $49.40. 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 $34.09 billion, a P/E ratio of 9.28 and a beta of 1.20.

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. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The firm had revenue of $10.79 billion during the quarter, compared to analysts’ expectations of $10.81 billion. During the same period in the previous year, the business earned $1.47 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities analysts predict that Delta Air Lines, Inc. will post $5.12 EPS for the current year.

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

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DAL has been the subject of several research reports. Zacks Investment Research raised shares of Delta Air Lines from a “hold” rating to a “strong-buy” rating and set a $62.00 price target for the company in a research report on Tuesday, July 4th. Vetr raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $54.35 price target for the company in a research report on Monday, May 8th. Bank of America Corporation upped their price target on shares of Delta Air Lines from $64.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, June 30th. Citigroup Inc. upped their price target on shares of Delta Air Lines from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, May 12th. Finally, ValuEngine raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th. One investment 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 stock. Delta Air Lines currently has a consensus rating of “Buy” and an average target price of $62.16.

In related news, VP Craig M. Meynard sold 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 7,437 shares of the company’s stock, valued at approximately $410,968.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George N. Mattson acquired 6,000 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The stock was purchased at an average cost of $45.44 per share, with a total value of $272,640.00. Following the completion of the purchase, the director now directly owns 61,510 shares in the company, valued at $2,795,014.40. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 335,000 shares of company stock valued at $298,960 and sold 75,700 shares valued at $4,171,150. Company insiders own 0.37% of the company’s stock.

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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