Andra AP fonden reduced its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 16.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,800 shares of the transportation company’s stock after selling 10,900 shares during the period. Andra AP fonden’s holdings in Delta Air Lines were worth $2,999,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of DAL. Patten Group Inc. raised its stake 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 valued at $420,000 after buying an additional 30 shares during the last quarter. Wetherby Asset Management Inc. raised its stake 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 valued at $277,000 after buying an additional 49 shares during the last quarter. Traynor Capital Management Inc. raised its stake 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 valued at $246,000 after buying an additional 58 shares during the last quarter. Independent Advisor Alliance raised its stake 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 valued at $372,000 after buying an additional 64 shares during the last quarter. Finally, Banced Corp raised its stake 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 valued at $425,000 after buying an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 86.48% of the company’s stock.

Delta Air Lines, Inc. (DAL) opened at 47.52 on Friday. Delta Air Lines, Inc. has a 52 week low of $36.59 and a 52 week high of $55.75. The firm has a market cap of $34.59 billion, a price-to-earnings ratio of 9.42 and a beta of 1.25. The company has a 50-day moving average of $49.72 and a 200-day moving average of $49.33. Delta Air Lines also was the target of unusually large options trading activity on Thursday. Traders purchased 26,396 call options on the company. This represents an increase of approximately 135% compared to the typical volume of 11,213 call options.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, July 13th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $10.81 billion. During the same quarter last year, the business posted $1.47 EPS. The business’s quarterly revenue was up 3.3% on a year-over-year basis. Equities research analysts forecast that Delta Air Lines, Inc. will post $5.12 earnings per share for the current fiscal year.

The business also recently disclosed 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. This represents a $1.22 dividend on an annualized basis and a yield of 2.57%. 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. Delta Air Lines’s dividend payout ratio (DPR) is 24.25%.

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Several equities research analysts have issued reports on the stock. Bank of America Corporation lifted 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 note on Friday, June 30th. BidaskClub upgraded shares of Delta Air Lines from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Stifel Nicolaus reiterated a “buy” rating on shares of Delta Air Lines in a research note on Friday, May 26th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $60.00 price target on shares of Delta Air Lines in a research note on Thursday, July 13th. Finally, ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 2nd. One equities research 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 stock. The company has an average rating of “Buy” and an average target price of $62.16.

In related news, Director George N. Mattson acquired 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The stock was acquired at an average price of $45.44 per share, for a total transaction of $272,640.00. Following the completion of the acquisition, the director now owns 61,510 shares of the company’s stock, valued at approximately $2,795,014.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Glen W. Hauenstein sold 67,000 shares of the firm’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $55.15, for a total transaction of $3,695,050.00. Following the sale, 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 purchased 335,000 shares of company stock valued at $298,960 and have 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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