Frontier Wealth Management LLC cut its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 14.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,388 shares of the transportation company’s stock after selling 947 shares during the period. Frontier Wealth Management LLC’s holdings in Delta Air Lines were worth $290,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. HighVista Strategies LLC acquired a new position in shares of Delta Air Lines during the 2nd quarter worth about $306,000. Summit Financial Wealth Advisors LLC increased its stake in shares of Delta Air Lines by 33.8% during the 2nd quarter. Summit Financial Wealth Advisors LLC now owns 38,191 shares of the transportation company’s stock worth $2,052,000 after purchasing an additional 9,651 shares during the last quarter. Carmignac Gestion increased its stake in shares of Delta Air Lines by 0.3% during the 2nd quarter. Carmignac Gestion now owns 3,936,189 shares of the transportation company’s stock worth $211,531,000 after purchasing an additional 12,800 shares during the last quarter. Cobalt Capital Management Inc. increased its stake in shares of Delta Air Lines by 103.0% during the 2nd quarter. Cobalt Capital Management Inc. now owns 703,058 shares of the transportation company’s stock worth $37,782,000 after purchasing an additional 356,719 shares during the last quarter. Finally, Bancorpsouth Inc. increased its stake in shares of Delta Air Lines by 4.2% during the 2nd quarter. Bancorpsouth Inc. now owns 36,109 shares of the transportation company’s stock worth $1,941,000 after purchasing an additional 1,453 shares during the last quarter. Institutional investors own 86.26% of the company’s stock.

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

Several analysts recently commented on DAL shares. Cowen and Company lifted their target price on shares of Delta Air Lines from $58.00 to $66.00 and gave the stock an “outperform” rating in a report on Thursday, July 13th. Evercore ISI reaffirmed an “outperform” rating and set a $66.00 target price on shares of Delta Air Lines in a report on Friday, July 14th. ValuEngine downgraded shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. Imperial Capital lifted their target price on shares of Delta Air Lines from $52.00 to $54.00 and gave the stock an “in-line” rating in a report on Tuesday, July 11th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $80.00 target price (up previously from $75.00) on shares of Delta Air Lines in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $61.58.

Delta Air Lines, Inc. (NYSE:DAL) opened at 48.22 on Friday. The firm has a 50-day moving average of $48.31 and a 200 day moving average of $49.10. Delta Air Lines, Inc. has a 12 month low of $37.91 and a 12 month high of $55.75. The firm has a market capitalization of $35.10 billion, a PE ratio of 9.56 and a beta of 1.25.

Delta Air Lines (NYSE:DAL) last posted its quarterly 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). The business had revenue of $10.79 billion for 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 was up 3.3% compared to the same quarter last year. During the same period last year, the business posted $1.47 earnings per share. Equities research analysts forecast 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 was paid on Wednesday, September 13th. Shareholders of record on Wednesday, August 23rd were paid a dividend of $0.305 per share. The ex-dividend date of this dividend was Monday, August 21st. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.20. This represents a $1.22 annualized dividend and a dividend yield of 2.53%. Delta Air Lines’s dividend payout ratio (DPR) is 24.25%.

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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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