Public Sector Pension investment Board trimmed its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 49.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,948 shares of the transportation company’s stock after selling 83,300 shares during the quarter. Public Sector Pension investment Board’s holdings in Delta Air Lines were worth $4,511,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in DAL. UBS Asset Management Americas Inc. increased its position in Delta Air Lines by 47.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 1,385,205 shares of the transportation company’s stock worth $63,664,000 after purchasing an additional 446,573 shares in the last quarter. Zweig DiMenna Associates LLC increased its position in Delta Air Lines by 174.7% during the 1st quarter. Zweig DiMenna Associates LLC now owns 548,007 shares of the transportation company’s stock worth $25,186,000 after purchasing an additional 348,527 shares in the last quarter. CIBC World Markets Inc. increased its position in Delta Air Lines by 1,806.9% during the 1st quarter. CIBC World Markets Inc. now owns 1,359,027 shares of the transportation company’s stock worth $62,461,000 after purchasing an additional 1,287,757 shares in the last quarter. Thompson Davis & CO. Inc. increased its position in Delta Air Lines by 4.0% during the 1st quarter. Thompson Davis & CO. Inc. now owns 4,302 shares of the transportation company’s stock worth $198,000 after purchasing an additional 166 shares in the last quarter. Finally, Intellectus Partners LLC increased its position in Delta Air Lines by 28.0% during the 1st quarter. Intellectus Partners LLC now owns 84,958 shares of the transportation company’s stock worth $3,905,000 after purchasing an additional 18,599 shares in the last quarter. Institutional investors and hedge funds own 86.26% of the company’s stock.

In related news, Director George N. Mattson acquired 6,000 shares of Delta Air Lines stock in a transaction on Thursday, August 24th. The shares were acquired at an average cost of $45.44 per share, with a total value of $272,640.00. Following the transaction, the director now owns 61,510 shares in the company, valued at $2,795,014.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Glen W. Hauenstein sold 67,000 shares of the business’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $55.15, for a total transaction of $3,695,050.00. Following the transaction, the president now directly owns 239,418 shares in the company, valued at $13,203,902.70. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 191,000 shares of company stock worth $287,440 and sold 75,700 shares worth $4,171,150. 0.37% of the stock is owned by insiders.

Shares of Delta Air Lines, Inc. (DAL) opened at 48.47 on Friday. The stock’s 50 day moving average is $48.31 and its 200 day moving average is $49.10. The firm has a market capitalization of $35.29 billion, a PE ratio of 9.61 and a beta of 1.25. Delta Air Lines, Inc. has a 52-week low of $37.48 and a 52-week high of $55.75.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd were paid a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 2.52%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, August 21st. Delta Air Lines’s payout ratio is presently 24.25%.

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A number of research firms recently issued reports on DAL. Bank of America Corporation upped their price objective on shares of Delta Air Lines from $64.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, June 30th. BidaskClub upgraded shares of Delta Air Lines from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Sanford C. Bernstein reiterated an “outperform” rating and set a $60.00 price objective on shares of Delta Air Lines in a research report on Thursday, July 13th. ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 2nd. Finally, Imperial Capital reiterated a “hold” rating and set a $50.00 price objective on shares of Delta Air Lines in a research report on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, one has given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $61.63.

Delta Air Lines 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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