Dynamic Technology Lab Private Ltd raised its stake in Delta Air Lines Inc. (NYSE:DAL) by 68.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,504 shares of the company’s stock after buying an additional 5,478 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Delta Air Lines were worth $492,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Delta Air Lines by 3.1% in the second quarter. Vanguard Group Inc. now owns 45,834,437 shares of the company’s stock valued at $1,669,748,000 after buying an additional 1,365,714 shares during the period. State Street Corp boosted its position in shares of Delta Air Lines by 1.7% in the first quarter. State Street Corp now owns 25,508,832 shares of the company’s stock valued at $1,241,772,000 after buying an additional 416,521 shares during the period. Primecap Management Co. CA boosted its position in shares of Delta Air Lines by 3.4% in the first quarter. Primecap Management Co. CA now owns 19,136,680 shares of the company’s stock valued at $931,574,000 after buying an additional 620,550 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Delta Air Lines by 10.8% in the second quarter. Bank of New York Mellon Corp now owns 12,936,824 shares of the company’s stock valued at $471,288,000 after buying an additional 1,258,270 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of Delta Air Lines by 0.9% in the second quarter. Ameriprise Financial Inc. now owns 9,864,220 shares of the company’s stock valued at $359,344,000 after buying an additional 89,264 shares during the period. 84.96% of the stock is owned by hedge funds and other institutional investors.

Delta Air Lines Inc. (NYSE:DAL) opened at 37.93 on Tuesday. Delta Air Lines Inc. has a 12-month low of $32.60 and a 12-month high of $52.77. The firm has a 50-day moving average of $37.16 and a 200 day moving average of $41.41. The firm has a market capitalization of $28.75 billion, a price-to-earnings ratio of 6.18 and a beta of 0.90.

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

The business also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Friday, August 12th were issued a $0.2025 dividend. This represents a $0.81 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date was Wednesday, August 10th. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.14. Delta Air Lines’s dividend payout ratio (DPR) is currently 13.19%.

Several research analysts recently issued reports on DAL shares. Cowen and Company reissued an “outperform” rating and set a $55.00 target price on shares of Delta Air Lines in a report on Thursday, August 11th. JPMorgan Chase & Co. reduced their target price on shares of Delta Air Lines from $63.00 to $48.50 and set an “overweight” rating for the company in a report on Wednesday, July 27th. Imperial Capital started coverage on shares of Delta Air Lines in a report on Wednesday, August 24th. They set an “in-line” rating and a $41.00 target price for the company. Raymond James Financial Inc. reissued an “outperform” rating on shares of Delta Air Lines in a report on Wednesday, June 15th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Delta Air Lines in a report on Tuesday, September 13th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $55.43.

In other news, Chairman Richard H. Anderson sold 758,000 shares of the stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $40.07, for a total value of $30,373,060.00. Following the completion of the transaction, the chairman now owns 743,827 shares in the company, valued at approximately $29,805,147.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven M. Sear sold 4,670 shares of the stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $37.18, for a total transaction of $173,630.60. Following the completion of the transaction, 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. 0.75% of the stock is currently owned by insiders.

About Delta Air Lines

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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