Schroder Investment Management Group lifted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 12.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 584,478 shares of the transportation company’s stock after purchasing an additional 66,161 shares during the quarter. Schroder Investment Management Group owned 0.08% of Delta Air Lines worth $31,486,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Delta Air Lines by 2,951.4% during the first quarter. BlackRock Inc. now owns 45,260,856 shares of the transportation company’s stock worth $2,080,189,000 after purchasing an additional 43,777,555 shares during the period. Lansdowne Partners UK LLP raised its position in shares of Delta Air Lines by 7.3% during the first quarter. Lansdowne Partners UK LLP now owns 28,103,972 shares of the transportation company’s stock worth $1,291,656,000 after purchasing an additional 1,918,036 shares during the period. Primecap Management Co. CA raised its position in shares of Delta Air Lines by 9.3% during the first quarter. Primecap Management Co. CA now owns 22,713,894 shares of the transportation company’s stock worth $1,043,931,000 after purchasing an additional 1,930,614 shares during the period. AQR Capital Management LLC raised its position in shares of Delta Air Lines by 15.8% during the first quarter. AQR Capital Management LLC now owns 9,571,378 shares of the transportation company’s stock worth $439,900,000 after purchasing an additional 1,308,115 shares during the period. Finally, Boston Partners raised its position in shares of Delta Air Lines by 2.5% during the second quarter. Boston Partners now owns 7,774,829 shares of the transportation company’s stock worth $417,820,000 after purchasing an additional 190,531 shares during the period. 86.49% of the stock is currently owned by institutional investors.

In related news, EVP Joanne D. Smith sold 3,700 shares of Delta Air Lines 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 completion of the sale, the executive vice president now owns 77,223 shares of the company’s stock, valued at $4,170,042. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George N. Mattson acquired 6,000 shares of the business’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 acquisition, the director now directly owns 61,510 shares of the company’s stock, valued at $2,795,014.40. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 275,000 shares of company stock valued at $294,160 and sold 75,700 shares valued at $4,171,150. 0.37% of the stock is owned by insiders.

Several brokerages recently issued reports on DAL. Bank of America Corporation upped their price target on Delta Air Lines from $64.00 to $71.00 and gave the stock 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 report on Wednesday, August 16th. Morgan Stanley reiterated an “overweight” rating on shares of Delta Air Lines in a report on Tuesday. Stifel Nicolaus reiterated a “buy” rating on shares of Delta Air Lines in a report on Friday, May 26th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $60.00 price target on shares of Delta Air Lines in a report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $61.34.

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Delta Air Lines, Inc. (NYSE:DAL) opened at 48.82 on Tuesday. Delta Air Lines, Inc. has a 1-year low of $36.59 and a 1-year high of $55.75. The stock’s 50 day moving average price is $48.68 and its 200 day moving average price is $49.19. The company has a market cap of $35.54 billion, a P/E ratio of 9.68 and a beta of 1.25.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $10.79 billion during the quarter, compared to analysts’ expectations of $10.81 billion. During the same quarter in the prior year, the firm earned $1.47 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities analysts anticipate that Delta Air Lines, Inc. will post $5.12 earnings per share 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 $0.305 dividend. The ex-dividend date is Monday, August 21st. This represents a $1.22 annualized dividend and a dividend yield of 2.50%. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.20. Delta Air Lines’s payout ratio is currently 24.25%.

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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