Lingohr & Partner Asset Management GmbH held its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 20,491 shares of the transportation company’s stock at the end of the 2nd quarter. Lingohr & Partner Asset Management GmbH’s holdings in Delta Air Lines were worth $942,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in DAL. BlackRock Inc. lifted its position in shares of Delta Air Lines by 2,951.4% during the 1st quarter. BlackRock Inc. now owns 45,260,856 shares of the transportation company’s stock worth $2,080,189,000 after buying an additional 43,777,555 shares during the last quarter. Winslow Capital Management LLC lifted its position in shares of Delta Air Lines by 5,815,030.8% during the 1st quarter. Winslow Capital Management LLC now owns 4,535,802 shares of the transportation company’s stock worth $208,465,000 after buying an additional 4,535,724 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Delta Air Lines by 85.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,039,445 shares of the transportation company’s stock worth $323,542,000 after buying an additional 3,245,791 shares during the last quarter. Sound Shore Management Inc. CT bought a new stake in shares of Delta Air Lines during the 2nd quarter worth $158,224,000. Finally, TIAA CREF Investment Management LLC lifted its position in shares of Delta Air Lines by 77.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 5,364,934 shares of the transportation company’s stock worth $288,312,000 after buying an additional 2,343,531 shares during the last quarter. Institutional investors and hedge funds own 86.49% of the company’s stock.

Several brokerages recently weighed in on DAL. Morgan Stanley restated an “overweight” rating on shares of Delta Air Lines in a research report on Tuesday, September 12th. Deutsche Bank AG dropped their price objective on Delta Air Lines from $62.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, September 6th. Imperial Capital restated a “hold” rating and set a $50.00 price objective on shares of Delta Air Lines in a research report on Wednesday, September 6th. Cowen and Company restated a “buy” rating and set a $60.00 price objective on shares of Delta Air Lines in a research report on Tuesday, September 5th. Finally, BidaskClub downgraded Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $61.97.

In related news, Director George N. Mattson bought 6,000 shares of the stock in a transaction dated Thursday, August 24th. The stock was bought at an average price of $45.44 per share, with a total value of $272,640.00. Following the purchase, the director now owns 61,510 shares in the company, valued at approximately $2,795,014.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Glen W. Hauenstein sold 67,000 shares of the business’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $55.15, for a total value of $3,695,050.00. Following the completion of the sale, the president now directly 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 three months, insiders bought 267,000 shares of company stock valued at $293,520 and sold 75,700 shares valued at $4,171,150. Insiders own 0.37% of the company’s stock.

Shares of Delta Air Lines, Inc. (NYSE DAL) traded down 0.04% during midday trading on Friday, hitting $48.25. The stock had a trading volume of 17,746,232 shares. Delta Air Lines, Inc. has a 1-year low of $36.85 and a 1-year high of $55.75. The firm’s 50-day moving average price is $48.42 and its 200-day moving average price is $49.15. The stock has a market cap of $35.13 billion, a price-to-earnings ratio of 9.56 and a beta of 1.25.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $10.79 billion during the quarter, compared to the consensus estimate of $10.81 billion. During the same period last year, the firm posted $1.47 EPS. The company’s revenue was up 3.3% on a year-over-year basis. Analysts forecast that Delta Air Lines, Inc. will post $5.12 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 23rd were paid a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date was Monday, August 21st. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.20. Delta Air Lines’s payout ratio is 24.25%.

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Delta Air Lines 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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