First Interstate Bank increased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 12,910.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,929 shares of the transportation company’s stock after buying an additional 10,845 shares during the quarter. First Interstate Bank’s holdings in Delta Air Lines were worth $620,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DAL. Glassman Wealth Services lifted its position in Delta Air Lines by 1,153.5% during the first quarter. Glassman Wealth Services now owns 539 shares of the transportation company’s stock worth $28,000 after buying an additional 496 shares during the period. Motco lifted its position in Delta Air Lines by 1,716.7% during the first quarter. Motco now owns 654 shares of the transportation company’s stock worth $34,000 after buying an additional 618 shares during the period. Carroll Financial Associates Inc. lifted its position in Delta Air Lines by 105.6% during the second quarter. Carroll Financial Associates Inc. now owns 623 shares of the transportation company’s stock worth $35,000 after buying an additional 320 shares during the period. Cornerstone Advisors Inc. lifted its position in Delta Air Lines by 36.0% during the second quarter. Cornerstone Advisors Inc. now owns 620 shares of the transportation company’s stock worth $35,000 after buying an additional 164 shares during the period. Finally, First Manhattan Co. lifted its position in Delta Air Lines by 39.7% during the first quarter. First Manhattan Co. now owns 838 shares of the transportation company’s stock worth $43,000 after buying an additional 238 shares during the period. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Several equities analysts recently weighed in on DAL shares. Morgan Stanley increased their target price on Delta Air Lines from $61.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, July 12th. Imperial Capital increased their target price on Delta Air Lines from $61.00 to $63.00 and gave the stock an “in-line” rating in a research report on Wednesday, July 10th. Buckingham Research increased their target price on Delta Air Lines from $71.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Stephens reiterated an “overweight” rating and set a $70.00 target price on shares of Delta Air Lines in a research report on Wednesday, July 3rd. Finally, Zacks Investment Research reiterated a “sell” rating on shares of Delta Air Lines in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $67.56.

Shares of Delta Air Lines stock traded up $0.46 during trading hours on Monday, reaching $58.50. The stock had a trading volume of 49,508 shares, compared to its average volume of 5,749,093. The firm has a 50 day simple moving average of $60.10 and a two-hundred day simple moving average of $55.36. The firm has a market capitalization of $38.29 billion, a price-to-earnings ratio of 10.36, a P/E/G ratio of 0.45 and a beta of 1.18. The company has a current ratio of 0.34, a quick ratio of 0.29 and a debt-to-equity ratio of 0.95. Delta Air Lines, Inc. has a 1 year low of $45.08 and a 1 year high of $63.44.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.07. The company had revenue of $12.54 billion for the quarter, compared to the consensus estimate of $12.49 billion. Delta Air Lines had a return on equity of 31.68% and a net margin of 9.85%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business posted $1.77 EPS. Sell-side analysts forecast that Delta Air Lines, Inc. will post 7.07 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th were issued a $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a dividend yield of 2.75%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Wednesday, July 24th. Delta Air Lines’s dividend payout ratio (DPR) is 28.50%.

In related news, EVP Rahul D. Samant sold 16,559 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $61.87, for a total transaction of $1,024,505.33. Following the sale, the executive vice president now directly owns 51,039 shares in the company, valued at approximately $3,157,782.93. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP William C. Carroll sold 6,384 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $61.96, for a total value of $395,552.64. Following the sale, the senior vice president now owns 23,010 shares in the company, valued at $1,425,699.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 93,288 shares of company stock worth $5,753,311. Company insiders own 0.47% of the company’s stock.

Delta Air Lines Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

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

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