AHL Partners LLP lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 44.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 137,639 shares of the transportation company’s stock after purchasing an additional 42,345 shares during the quarter. AHL Partners LLP’s holdings in Delta Air Lines were worth $7,397,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of DAL. UBS Asset Management Americas Inc. grew its stake in shares of 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 during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of Delta Air Lines by 5.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 175,034 shares of the transportation company’s stock worth $8,044,000 after purchasing an additional 8,635 shares during the period. Mason Street Advisors LLC grew its stake in shares of Delta Air Lines by 0.3% during the 1st quarter. Mason Street Advisors LLC now owns 100,987 shares of the transportation company’s stock worth $4,641,000 after purchasing an additional 253 shares during the period. San Francisco Sentry Investment Group CA grew its stake in shares of Delta Air Lines by 25.5% during the 1st quarter. San Francisco Sentry Investment Group CA now owns 9,840 shares of the transportation company’s stock worth $452,000 after purchasing an additional 2,000 shares during the period. Finally, Pacer Advisors Inc. grew its stake in shares of Delta Air Lines by 19.0% during the 1st quarter. Pacer Advisors Inc. now owns 19,956 shares of the transportation company’s stock worth $917,000 after purchasing an additional 3,182 shares during the period. 86.26% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on DAL. Bank of America Corporation upped their price target on shares of Delta Air Lines from $64.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, June 30th. BidaskClub raised shares of Delta Air Lines from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Morgan Stanley reaffirmed an “overweight” rating and set a $57.00 price target (up from $56.00) on shares of Delta Air Lines in a research note on Wednesday. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $60.00 price target on shares of Delta Air Lines in a research note on Thursday, July 13th. Finally, ValuEngine raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $61.47.

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In related news, VP Craig M. Meynard sold 5,000 shares of Delta Air Lines stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $55.26, for a total value of $276,300.00. Following the transaction, the vice president now owns 7,437 shares of the company’s stock, valued at approximately $410,968.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Glen W. Hauenstein sold 67,000 shares of Delta Air Lines stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $55.15, for a total value of $3,695,050.00. Following the completion of the transaction, the president now directly owns 239,418 shares in the company, valued at approximately $13,203,902.70. The disclosure for this sale can be found here. In the last three months, insiders purchased 141,000 shares of company stock worth $283,440 and sold 75,700 shares worth $4,171,150. Company insiders own 0.37% of the company’s stock.

Delta Air Lines, Inc. (DAL) opened at 51.51 on Thursday. The stock has a market capitalization of $37.50 billion, a price-to-earnings ratio of 10.21 and a beta of 1.24. Delta Air Lines, Inc. has a 12-month low of $37.91 and a 12-month high of $55.75. The firm has a 50-day moving average of $47.91 and a 200-day moving average of $49.20.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share for the quarter, missing the Zacks’ 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 return on equity of 28.33% and a net margin of 9.30%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.47 EPS. Equities research analysts forecast that Delta Air Lines, Inc. will post $5.12 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd were paid a $0.305 dividend. The ex-dividend date was Monday, August 21st. This represents a $1.22 dividend on an annualized basis and a yield of 2.37%. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.20. Delta Air Lines’s dividend payout ratio (DPR) is currently 24.25%.

About Delta Air Lines

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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