Bronfman E.L. Rothschild L.P. increased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 23.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,638 shares of the transportation company’s stock after buying an additional 1,646 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Delta Air Lines were worth $397,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. AlphaMark Advisors LLC increased its position in Delta Air Lines by 9.5% in the third quarter. AlphaMark Advisors LLC now owns 74,045 shares of the transportation company’s stock worth $2,914,000 after buying an additional 6,414 shares during the period. Bank Hapoalim BM increased its position in Delta Air Lines by 6.0% in the third quarter. Bank Hapoalim BM now owns 41,987 shares of the transportation company’s stock worth $1,652,000 after buying an additional 2,389 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its position in Delta Air Lines by 33.6% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 384,696 shares of the transportation company’s stock worth $15,142,000 after buying an additional 96,646 shares during the period. Princeton Alpha Management LP increased its position in Delta Air Lines by 84.3% in the third quarter. Princeton Alpha Management LP now owns 78,439 shares of the transportation company’s stock worth $3,087,000 after buying an additional 35,883 shares during the period. Finally, MUFG Securities EMEA plc bought a new position in Delta Air Lines during the third quarter worth about $223,000. Institutional investors and hedge funds own 79.44% of the company’s stock.

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

Shares of Delta Air Lines, Inc. (NYSE:DAL) opened at 50.70 on Monday. The company has a market cap of $36.91 billion, a PE ratio of 9.35 and a beta of 0.75. Delta Air Lines, Inc. has a 12-month low of $32.60 and a 12-month high of $52.76. The company has a 50 day moving average of $47.97 and a 200-day moving average of $48.51.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Wednesday, April 12th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.04. Delta Air Lines had a net margin of 6.59% and a return on equity of 19.17%. The company had revenue of $9.15 billion for the quarter, compared to analysts’ expectations of $9.14 billion. During the same quarter last year, the company posted $1.32 earnings per share. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. Equities research analysts anticipate that Delta Air Lines, Inc. will post $5.12 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Friday, May 19th will be given a $0.2025 dividend. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $0.81 annualized dividend and a yield of 1.58%. Delta Air Lines’s payout ratio is presently 14.04%.

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DAL has been the subject of a number of analyst reports. Sanford C. Bernstein upgraded Delta Air Lines from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $57.00 to $61.00 in a research note on Monday, February 6th. Zacks Investment Research raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Monday, February 6th. Morgan Stanley reissued an “overweight” rating and set a $60.00 target price on shares of Delta Air Lines in a research report on Wednesday, February 22nd. Imperial Capital reissued an “in-line” rating and set a $52.00 target price (up previously from $44.00) on shares of Delta Air Lines in a research report on Friday, March 3rd. Finally, Cowen and Company reissued an “outperform” rating and set a $60.00 target price on shares of Delta Air Lines in a research report on Monday, March 6th. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $53.35.

In other Delta Air Lines news, CEO Edward H. Bastian sold 25,000 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $48.55, for a total value of $1,213,750.00. Following the transaction, the chief executive officer now directly owns 285,508 shares in the company, valued at $13,861,413.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO W Gilbert West sold 26,131 shares of the stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $50.47, for a total transaction of $1,318,831.57. Following the completion of the transaction, the chief operating officer now owns 89,232 shares in the company, valued at $4,503,539.04. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 299,165 shares of company stock worth $273,420 and sold 55,606 shares worth $2,753,289. 0.75% 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.

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