Lumina Fund Management LLC maintained its position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,000 shares of the transportation company’s stock at the close of the 2nd quarter. Lumina Fund Management LLC’s holdings in Delta Air Lines were worth $537,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BlackRock Inc. increased its position in Delta Air Lines by 2,951.4% in the 1st 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 in the last quarter. Vanguard Group Inc. increased its position in Delta Air Lines by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 44,951,865 shares of the transportation company’s stock valued at $2,415,714,000 after acquiring an additional 274,997 shares in the last quarter. Lansdowne Partners UK LLP increased its position in Delta Air Lines by 7.3% in the 1st quarter. Lansdowne Partners UK LLP now owns 28,103,972 shares of the transportation company’s stock valued at $1,291,656,000 after acquiring an additional 1,918,036 shares in the last quarter. Primecap Management Co. CA increased its position in Delta Air Lines by 9.3% in the 1st quarter. Primecap Management Co. CA now owns 22,713,894 shares of the transportation company’s stock valued at $1,043,931,000 after acquiring an additional 1,930,614 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in Delta Air Lines by 15.8% in the 1st quarter. AQR Capital Management LLC now owns 9,571,378 shares of the transportation company’s stock valued at $439,900,000 after acquiring an additional 1,308,115 shares in the last quarter. Hedge funds and other institutional investors own 86.26% of the company’s stock.

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Shares of Delta Air Lines, Inc. (NYSE:DAL) traded up 0.64% on Friday, reaching $48.47. 4,601,630 shares of the company were exchanged. The company has a market cap of $35.29 billion, a price-to-earnings ratio of 9.61 and a beta of 1.25. The company’s 50-day moving average price is $48.31 and its 200 day moving average price is $49.10. Delta Air Lines, Inc. has a 12 month low of $37.48 and a 12 month high of $55.75.

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). The firm had revenue of $10.79 billion for the quarter, compared to analyst estimates of $10.81 billion. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.47 EPS. On average, equities research analysts expect that Delta Air Lines, Inc. will post $5.12 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Wednesday, August 23rd were given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was 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 is currently 24.25%.

In other Delta Air Lines news, VP Craig M. Meynard sold 5,000 shares of the stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $55.26, for a total transaction of $276,300.00. Following the completion of the sale, the vice president now owns 7,437 shares of the company’s stock, valued at approximately $410,968.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George N. Mattson bought 6,000 shares of the firm’s stock in a transaction on Thursday, August 24th. The shares were purchased at an average cost of $45.44 per share, with a total value of $272,640.00. Following the transaction, the director now directly owns 61,510 shares in the company, valued at approximately $2,795,014.40. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 191,000 shares of company stock valued at $287,440 and have sold 75,700 shares valued at $4,171,150. Corporate insiders own 0.37% of the company’s stock.

DAL has been the subject of several research reports. ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th. Vetr upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $57.50 price objective for the company in a research report on Tuesday, July 25th. BidaskClub cut shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Deutsche Bank AG restated a “buy” rating and issued a $62.00 price objective (up previously from $58.00) on shares of Delta Air Lines in a research report on Friday, July 14th. Finally, Zacks Investment Research cut shares of Delta Air Lines from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $61.63.

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.

Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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