Sei Investments Co. reduced its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 31.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 391,680 shares of the transportation company’s stock after selling 180,465 shares during the period. Sei Investments Co. owned approximately 0.05% of Delta Air Lines worth $18,887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in Delta Air Lines by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 44,951,865 shares of the transportation company’s stock valued at $2,415,714,000 after buying an additional 274,997 shares in the last quarter. Boston Partners increased its position in Delta Air Lines by 2.5% during the 2nd quarter. Boston Partners now owns 7,774,829 shares of the transportation company’s stock valued at $417,820,000 after buying an additional 190,531 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Delta Air Lines by 7.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,570,963 shares of the transportation company’s stock valued at $406,892,000 after purchasing an additional 531,518 shares during the last quarter. AJO LP grew its stake in Delta Air Lines by 21.2% during the 2nd quarter. AJO LP now owns 5,637,157 shares of the transportation company’s stock valued at $302,941,000 after purchasing an additional 986,803 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its stake in Delta Air Lines by 77.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 5,364,934 shares of the transportation company’s stock valued at $288,312,000 after purchasing an additional 2,343,531 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors.

Shares of Delta Air Lines, Inc. (NYSE DAL) traded up $0.04 during mid-day trading on Wednesday, reaching $48.90. The company’s stock had a trading volume of 4,856,100 shares, compared to its average volume of 7,881,300. The stock has a market capitalization of $34,860.00, a P/E ratio of 10.18, a P/E/G ratio of 1.48 and a beta of 1.28. The company has a quick ratio of 0.36, a current ratio of 0.43 and a debt-to-equity ratio of 0.54. Delta Air Lines, Inc. has a 52 week low of $43.81 and a 52 week high of $55.75.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.04. The company had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $11.03 billion. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. Delta Air Lines’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.70 earnings per share. equities research analysts anticipate that Delta Air Lines, Inc. will post 5.01 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be given a dividend of $0.305 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.22 dividend on an annualized basis and a yield of 2.49%. Delta Air Lines’s dividend payout ratio is currently 24.45%.

Several research firms have weighed in on DAL. Vetr upgraded Delta Air Lines from a “hold” rating to a “buy” rating and set a $56.43 price target on the stock in a research note on Tuesday, July 18th. Imperial Capital upgraded Delta Air Lines from an “in-line” rating to an “outperform” rating and set a $63.00 price target on the stock in a research note on Thursday, October 12th. Cowen and Company boosted their price target on Delta Air Lines from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, October 12th. Morgan Stanley reiterated an “overweight” rating and set a $57.00 price target (up previously from $56.00) on shares of Delta Air Lines in a research note on Wednesday, October 4th. Finally, BidaskClub downgraded Delta Air Lines from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $63.39.

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In other Delta Air Lines news, EVP Joanne D. Smith sold 33,863 shares of the stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $53.61, for a total transaction of $1,815,395.43. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director George N. Mattson purchased 6,000 shares of the stock in a transaction on Thursday, August 24th. The shares were acquired at an average price of $45.44 per share, for a total transaction of $272,640.00. Following the transaction, the director now directly owns 61,510 shares of the company’s stock, valued at approximately $2,795,014.40. The disclosure for this purchase can be found here. Insiders have sold 200,001 shares of company stock worth $10,630,333 in the last quarter. 0.37% of the stock is currently owned by company insiders.

Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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

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