Brown Advisory Inc. raised its stake in shares of Delta Air Lines Inc. (NYSE:DAL) by 2.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 183,108 shares of the company’s stock after buying an additional 4,173 shares during the period. Brown Advisory Inc.’s holdings in Delta Air Lines were worth $6,670,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of DAL. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Delta Air Lines during the second quarter valued at approximately $124,000. Daiwa SB Investments Ltd. boosted its stake in Delta Air Lines by 8.6% in the second quarter. Daiwa SB Investments Ltd. now owns 3,530 shares of the company’s stock valued at $128,000 after buying an additional 280 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Delta Air Lines by 1.9% in the second quarter. Quadrant Capital Group LLC now owns 4,211 shares of the company’s stock valued at $150,000 after buying an additional 79 shares in the last quarter. Huntington National Bank boosted its stake in Delta Air Lines by 0.4% in the second quarter. Huntington National Bank now owns 5,500 shares of the company’s stock valued at $200,000 after buying an additional 21 shares in the last quarter. Finally, Evercore Wealth Management LLC boosted its stake in Delta Air Lines by 29.2% in the second quarter. Evercore Wealth Management LLC now owns 6,442 shares of the company’s stock valued at $235,000 after buying an additional 1,456 shares in the last quarter. Hedge funds and other institutional investors own 84.96% of the company’s stock.

Delta Air Lines Inc. (NYSE:DAL) traded up 2.23% during mid-day trading on Monday, reaching $37.59. The company had a trading volume of 2,982,744 shares. The stock has a market cap of $28.49 billion, a PE ratio of 6.12 and a beta of 0.90. The firm’s 50-day moving average price is $37.35 and its 200-day moving average price is $41.74. Delta Air Lines Inc. has a 12 month low of $32.60 and a 12 month high of $52.77.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, July 14th. The company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.05. Delta Air Lines had a return on equity of 40.31% and a net margin of 11.88%. The firm had revenue of $10.45 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the prior year, the business earned $1.27 EPS. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. Equities research analysts forecast that Delta Air Lines Inc. will post $5.71 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, August 12th were issued a dividend of $0.2025 per share. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $0.81 annualized dividend and a yield of 2.20%. Delta Air Lines’s dividend payout ratio is currently 13.19%.

DAL has been the topic of several analyst reports. Morgan Stanley restated a “buy” rating on shares of Delta Air Lines in a research report on Friday, June 10th. Deutsche Bank AG raised their target price on Delta Air Lines from $48.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, July 18th. Argus restated a “buy” rating and issued a $60.00 target price on shares of Delta Air Lines in a research report on Friday, July 15th. Piper Jaffray Cos. set a $35.00 target price on Delta Air Lines and gave the company a “buy” rating in a research report on Sunday, August 21st. Finally, Vetr cut Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $43.41 target price on the stock. in a research report on Wednesday, September 7th. Four analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $55.43.

In other Delta Air Lines news, Chairman Richard H. Anderson sold 758,000 shares of the company’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $40.07, for a total transaction of $30,373,060.00. Following the completion of the sale, the chairman now owns 743,827 shares in the company, valued at approximately $29,805,147.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven M. Sear sold 4,670 shares of the company’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $37.18, for a total transaction of $173,630.60. Following the sale, the executive vice president now owns 52,173 shares of the company’s stock, valued at approximately $1,939,792.14. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s operates through segments, including Airline Segment and Refinery Segment. The Airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the United States and around the world and other ancillary airline services.

5 Day Chart for NYSE:DAL

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