Traynor Capital Management Inc. increased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 1.2% during the second quarter, Holdings Channel reports. The fund owned 4,911 shares of the transportation company’s stock after buying an additional 58 shares during the period. Traynor Capital Management Inc.’s holdings in Delta Air Lines were worth $246,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Bank of The West raised its stake in shares of Delta Air Lines by 1.4% in the first quarter. Bank of The West now owns 267,286 shares of the transportation company’s stock worth $12,284,000 after buying an additional 3,782 shares during the last quarter. Hosking Partners LLP raised its stake in shares of Delta Air Lines by 10.0% in the first quarter. Hosking Partners LLP now owns 1,861,777 shares of the transportation company’s stock worth $85,567,000 after buying an additional 169,097 shares during the last quarter. US Bancorp DE raised its stake in shares of Delta Air Lines by 15.1% in the second quarter. US Bancorp DE now owns 1,381,854 shares of the transportation company’s stock worth $74,262,000 after buying an additional 181,027 shares during the last quarter. Regent Investment Management LLC raised its stake in shares of Delta Air Lines by 13.9% in the first quarter. Regent Investment Management LLC now owns 16,362 shares of the transportation company’s stock worth $752,000 after buying an additional 2,000 shares during the last quarter. Finally, Quantitative Investment Management LLC raised its stake in shares of Delta Air Lines by 2.5% in the first quarter. Quantitative Investment Management LLC now owns 100,800 shares of the transportation company’s stock worth $4,632,000 after buying an additional 2,500 shares during the last quarter. Institutional investors own 87.65% of the company’s stock.

Delta Air Lines, Inc. (NYSE DAL) opened at 49.48 on Friday. Delta Air Lines, Inc. has a 12 month low of $35.84 and a 12 month high of $55.75. The stock has a market cap of $36.02 billion, a P/E ratio of 9.81 and a beta of 1.20. The stock has a 50 day moving average of $52.40 and a 200-day moving average of $49.46.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, July 13th. The transportation company reported $1.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by $0.02. The company had revenue of $10.79 billion during the quarter, compared to analysts’ expectations of $10.81 billion. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.47 earnings per share. On average, equities analysts forecast that Delta Air Lines, Inc. will post $5.12 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 23rd will be given a dividend of $0.305 per share. The ex-dividend date of this dividend is Monday, August 21st. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.20. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.47%. Delta Air Lines’s dividend payout ratio (DPR) is 16.10%.

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DAL has been the subject of a number of research analyst reports. ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 20th. Vetr upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $57.50 price objective for the company in a report on Tuesday, July 25th. BidaskClub lowered shares of Delta Air Lines from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Deutsche Bank AG reiterated a “buy” rating and set a $62.00 price objective (up previously from $58.00) on shares of Delta Air Lines in a report on Friday, July 14th. Finally, Atlantic Securities initiated coverage on shares of Delta Air Lines in a report on Tuesday, June 20th. They set an “overweight” rating and a $68.00 price objective for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $60.74.

In other news, COO W Gilbert West sold 26,131 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $50.47, for a total transaction of $1,318,831.57. Following the transaction, the chief operating officer now directly owns 89,232 shares in the company, valued at $4,503,539.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Edward H. Bastian sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $48.55, for a total transaction of $1,213,750.00. Following the transaction, the chief executive officer now owns 285,508 shares in the company, valued at $13,861,413.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 399,000 shares of company stock worth $31,920 and have sold 126,831 shares worth $6,703,732. Company insiders own 0.37% 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 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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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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