D.A. Davidson & CO. increased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 130.5% in the 2nd quarter, Holdings Channel reports. The firm owned 48,311 shares of the transportation company’s stock after buying an additional 27,350 shares during the period. D.A. Davidson & CO.’s holdings in Delta Air Lines were worth $2,393,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Partners raised its holdings in shares of Delta Air Lines by 39.0% during the first quarter. Boston Partners now owns 11,791,533 shares of the transportation company’s stock valued at $646,294,000 after purchasing an additional 3,306,568 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Delta Air Lines by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 7,801,731 shares of the transportation company’s stock valued at $427,613,000 after buying an additional 22,535 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in Delta Air Lines by 3.4% during the first quarter. Neuberger Berman Group LLC now owns 7,223,675 shares of the transportation company’s stock valued at $395,930,000 after buying an additional 236,108 shares during the last quarter. LSV Asset Management increased its holdings in Delta Air Lines by 5.3% during the first quarter. LSV Asset Management now owns 4,222,963 shares of the transportation company’s stock valued at $231,460,000 after buying an additional 214,350 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Delta Air Lines by 116.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,536,013 shares of the transportation company’s stock valued at $193,809,000 after buying an additional 1,905,873 shares during the last quarter. 87.68% of the stock is owned by hedge funds and other institutional investors.

Shares of Delta Air Lines opened at $55.34 on Friday, according to MarketBeat. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.40 and a quick ratio of 0.31. The firm has a market capitalization of $37.82 billion, a PE ratio of 10.85, a PEG ratio of 0.48 and a beta of 1.09. Delta Air Lines, Inc. has a 1 year low of $44.59 and a 1 year high of $60.79.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, July 12th. The transportation company reported $1.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.05. The firm had revenue of $11.78 billion during the quarter, compared to analysts’ expectations of $11.73 billion. Delta Air Lines had a net margin of 7.72% and a return on equity of 26.75%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.64 earnings per share. research analysts predict that Delta Air Lines, Inc. will post 5.58 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 16th. Stockholders of record on Thursday, July 26th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, July 25th. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.31. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.53%. Delta Air Lines’s dividend payout ratio is 28.40%.

In other news, COO W Gilbert West sold 15,000 shares of the stock in a transaction on Friday, July 13th. The shares were sold at an average price of $50.47, for a total value of $757,050.00. Following the completion of the sale, the chief operating officer now directly owns 104,447 shares of the company’s stock, valued at $5,271,440.09. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Craig M. Meynard sold 1,793 shares of the stock in a transaction on Friday, July 27th. The stock was sold at an average price of $54.31, for a total transaction of $97,377.83. Following the completion of the sale, the vice president now directly owns 7,170 shares of the company’s stock, valued at $389,402.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 97,681 shares of company stock valued at $5,136,493. Corporate insiders own 0.33% of the company’s stock.

A number of analysts have commented on DAL shares. ValuEngine cut shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 2nd. JPMorgan Chase & Co. raised shares of Delta Air Lines to a “buy” rating in a report on Monday, April 30th. Deutsche Bank reduced their target price on shares of Delta Air Lines from $73.00 to $64.00 and set a “buy” rating for the company in a report on Thursday, June 7th. Buckingham Research reduced their target price on shares of Delta Air Lines from $76.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, June 7th. Finally, Citigroup reduced their target price on shares of Delta Air Lines from $70.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, June 7th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $66.36.

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, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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

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