Synovus Financial Corp grew its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 34.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,656 shares of the transportation company’s stock after purchasing an additional 15,029 shares during the quarter. Synovus Financial Corp’s holdings in Delta Air Lines were worth $3,148,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BlackRock Inc. boosted its position in shares of 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 acquiring an additional 43,777,555 shares during the period. Lansdowne Partners UK LLP raised its stake in Delta Air Lines by 7.3% in the first quarter. Lansdowne Partners UK LLP now owns 28,103,972 shares of the transportation company’s stock valued at $1,291,656,000 after purchasing an additional 1,918,036 shares in the last quarter. 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 purchasing an additional 1,930,614 shares in the last quarter. AQR Capital Management LLC raised its stake in Delta Air Lines by 15.8% in the first quarter. AQR Capital Management LLC now owns 9,571,378 shares of the transportation company’s stock valued at $439,900,000 after purchasing an additional 1,308,115 shares in the last quarter. Finally, Boston Partners raised its stake in Delta Air Lines by 2.5% in the second quarter. Boston Partners now owns 7,774,829 shares of the transportation company’s stock valued at $417,820,000 after purchasing an additional 190,531 shares in the last quarter. Hedge funds and other institutional investors own 86.49% of the company’s stock.

Several research analysts have commented on DAL shares. Deutsche Bank AG reissued a “buy” rating and set a $62.00 price target (up from $58.00) on shares of Delta Air Lines in a research note on Friday, July 14th. Zacks Investment Research cut shares of Delta Air Lines from a “strong-buy” rating to a “hold” rating in a report on Monday, August 21st. Vetr upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $57.50 target price on the stock in a report on Tuesday, July 25th. ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 20th. Finally, Evercore ISI restated an “outperform” rating and issued a $66.00 target price on shares of Delta Air Lines in a report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $62.16.

Shares of Delta Air Lines, Inc. (DAL) traded up 0.70% during mid-day trading on Monday, hitting $47.52. 6,099,605 shares of the stock were exchanged. The firm has a market cap of $34.59 billion, a P/E ratio of 9.42 and a beta of 1.25. Delta Air Lines, Inc. has a 12 month low of $36.59 and a 12 month high of $55.75. The stock’s 50 day moving average is $49.72 and its 200 day moving average is $49.33.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results 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 firm had revenue of $10.79 billion for the quarter, compared to the consensus estimate of $10.81 billion. During the same period in the previous year, the company posted $1.47 EPS. Delta Air Lines’s quarterly revenue was up 3.3% compared to the same quarter last year. Analysts expect that Delta Air Lines, Inc. will post $5.12 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 23rd will be given a dividend of $0.305 per share. This is an increase 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 dividend yield of 2.57%. Delta Air Lines’s dividend payout ratio is presently 24.25%.

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In other news, Director George N. Mattson purchased 6,000 shares of the company’s stock in a transaction dated Thursday, August 24th. The shares were acquired at an average price of $45.44 per share, with a total value of $272,640.00. Following the transaction, the director now owns 61,510 shares of the company’s stock, valued at $2,795,014.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 value of $199,800.00. Following the transaction, the executive vice president now directly owns 77,223 shares in the company, valued at approximately $4,170,042. The disclosure for this sale can be found here. In the last three months, insiders have bought 335,000 shares of company stock worth $298,960 and have sold 75,700 shares worth $4,171,150. 0.37% of the stock is currently owned by corporate 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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