Hillsdale Investment Management Inc. purchased a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,150 shares of the transportation company’s stock, valued at approximately $519,000.

Other institutional investors also recently bought and sold shares of the company. Glassman Wealth Services raised its stake in shares of Delta Air Lines by 1,153.5% during the first quarter. Glassman Wealth Services now owns 539 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 496 shares in the last quarter. Motco raised its stake in shares of Delta Air Lines by 1,716.7% during the first quarter. Motco now owns 654 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 618 shares in the last quarter. Carroll Financial Associates Inc. raised its stake in shares of Delta Air Lines by 105.6% during the second quarter. Carroll Financial Associates Inc. now owns 623 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 320 shares in the last quarter. Cornerstone Advisors Inc. raised its stake in Delta Air Lines by 36.0% in 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 in the last quarter. Finally, TCG Advisors LP bought a new position in Delta Air Lines in the first quarter worth approximately $48,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on the stock. Raymond James boosted their price objective on shares of Delta Air Lines from $68.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, July 12th. Imperial Capital boosted their price objective on shares of Delta Air Lines from $61.00 to $63.00 and gave the stock an “in-line” rating in a research note on Wednesday, July 10th. Morgan Stanley boosted their price objective on shares of Delta Air Lines from $61.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, July 12th. Stephens reissued an “overweight” rating and issued a $70.00 price objective on shares of Delta Air Lines in a research note on Wednesday, July 3rd. Finally, Deutsche Bank boosted their price objective on shares of Delta Air Lines from $56.00 to $61.00 and gave the stock a “hold” rating in a research note on Friday, July 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. Delta Air Lines presently has a consensus rating of “Buy” and a consensus target price of $67.56.

Shares of DAL traded down $0.43 during trading hours on Tuesday, reaching $57.76. 22,471 shares of the company traded hands, compared to its average volume of 5,565,244. The stock has a market capitalization of $37.56 billion, a P/E ratio of 10.22, a P/E/G ratio of 0.46 and a beta of 1.18. The company has a quick ratio of 0.29, a current ratio of 0.34 and a debt-to-equity ratio of 0.95. Delta Air Lines, Inc. has a 12-month low of $45.08 and a 12-month high of $63.44. The business has a fifty day moving average price of $60.18 and a 200-day moving average price of $55.40.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.07. The firm had revenue of $12.54 billion for the quarter, compared to analyst estimates of $12.49 billion. Delta Air Lines had a net margin of 9.85% and a return on equity of 31.68%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.77 earnings per share. As a group, research analysts predict that Delta Air Lines, Inc. will post 7.07 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th were issued a dividend of $0.4025 per share. The ex-dividend date of this dividend was Wednesday, July 24th. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.35. This represents a $1.61 dividend on an annualized basis and a dividend yield of 2.79%. Delta Air Lines’s payout ratio is 28.50%.

In other news, President Glen W. Hauenstein sold 50,000 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $63.03, for a total transaction of $3,151,500.00. Following the sale, the president now directly owns 267,526 shares of the company’s stock, valued at $16,862,163.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael P. Huerta sold 1,010 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $54.33, for a total transaction of $54,873.30. Following the sale, the director now directly owns 5,670 shares in the company, valued at $308,051.10. The disclosure for this sale can be found here. Insiders have sold 93,288 shares of company stock worth $5,753,311 over the last three months. Corporate insiders own 0.47% of the company’s stock.

About Delta Air Lines

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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