Eagle Asset Management Inc. lowered its stake in Delta Air Lines, Inc. (NYSE:DAL) by 5.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,431,158 shares of the transportation company’s stock after selling 76,457 shares during the period. Eagle Asset Management Inc. owned approximately 0.20% of Delta Air Lines worth $76,910,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. raised its position in Delta Air Lines by 4.9% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 9,059 shares of the transportation company’s stock valued at $487,000 after buying an additional 421 shares during the last quarter. Wesbanco Bank Inc. raised its position in Delta Air Lines by 2.7% in the second quarter. Wesbanco Bank Inc. now owns 55,360 shares of the transportation company’s stock valued at $2,975,000 after buying an additional 1,475 shares during the last quarter. AlphaMark Advisors LLC raised its position in Delta Air Lines by 1.9% in the second quarter. AlphaMark Advisors LLC now owns 71,166 shares of the transportation company’s stock valued at $3,824,000 after buying an additional 1,297 shares during the last quarter. Principal Financial Group Inc. raised its position in Delta Air Lines by 121.3% in the second quarter. Principal Financial Group Inc. now owns 2,479,478 shares of the transportation company’s stock valued at $133,247,000 after buying an additional 1,358,817 shares during the last quarter. Finally, Keybank National Association OH raised its position in Delta Air Lines by 23.6% in the second quarter. Keybank National Association OH now owns 14,304 shares of the transportation company’s stock valued at $769,000 after buying an additional 2,735 shares during the last quarter. 86.48% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines, Inc. (NYSE DAL) traded up 0.60% on Thursday, reaching $47.11. The company had a trading volume of 1,479,668 shares. The stock has a 50 day moving average of $50.82 and a 200 day moving average of $49.40. Delta Air Lines, Inc. has a 12 month low of $35.90 and a 12 month high of $55.75. The firm has a market capitalization of $34.30 billion, a PE ratio of 9.34 and a beta of 1.20.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, July 13th. The transportation company reported $1.64 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 28.33% and a net margin of 9.30%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.47 EPS. On average, analysts anticipate that Delta Air Lines, Inc. will post $5.12 EPS for the current year.

The firm also recently declared 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 is Monday, August 21st. This represents a $1.22 dividend on an annualized basis and a yield of 2.61%. Delta Air Lines’s dividend payout ratio (DPR) is currently 24.25%.

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A number of research firms have issued reports on DAL. BidaskClub lowered Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research lowered Delta Air Lines from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 21st. Wolfe Research raised Delta Air Lines from a “market perform” rating to an “outperform” rating in a research report on Friday, August 18th. They noted that the move was a valuation call. Morgan Stanley reduced their price target on Delta Air Lines from $62.00 to $59.00 and set an “overweight” rating on the stock in a research report on Thursday, August 17th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $66.00 price target on shares of Delta Air Lines in a research report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $62.16.

In other news, VP Craig M. Meynard sold 5,000 shares of Delta Air Lines stock in a transaction that occurred on Friday, July 14th. The shares were 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 owns 7,437 shares in the company, valued at $410,968.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Glen W. Hauenstein sold 67,000 shares of Delta Air Lines stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $55.15, for a total transaction of $3,695,050.00. Following the completion of the transaction, the president now owns 239,418 shares of the company’s stock, valued at approximately $13,203,902.70. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 335,000 shares of company stock valued at $298,960 and have sold 75,700 shares valued at $4,171,150. 0.37% of the stock is 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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