Cobalt Capital Management Inc. grew its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 103.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 703,058 shares of the transportation company’s stock after purchasing an additional 356,719 shares during the period. Delta Air Lines makes up 6.1% of Cobalt Capital Management Inc.’s portfolio, making the stock its 3rd biggest holding. Cobalt Capital Management Inc. owned about 0.10% of Delta Air Lines worth $37,782,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DAL. UBS Asset Management Americas Inc. grew its position 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 valued at $63,664,000 after purchasing an additional 446,573 shares in the last quarter. Intellectus Partners LLC grew its position in shares of Delta Air Lines by 28.0% during the 1st quarter. Intellectus Partners LLC now owns 84,958 shares of the transportation company’s stock valued at $3,905,000 after purchasing an additional 18,599 shares in the last quarter. Stevens Capital Management LP grew its position in shares of Delta Air Lines by 150.7% during the 1st quarter. Stevens Capital Management LP now owns 244,037 shares of the transportation company’s stock valued at $11,216,000 after purchasing an additional 146,703 shares in the last quarter. Heritage Trust Co purchased a new position in shares of Delta Air Lines during the 1st quarter valued at $308,000. Finally, Pitcairn Co. grew its position in shares of Delta Air Lines by 3.0% during the 1st quarter. Pitcairn Co. now owns 53,346 shares of the transportation company’s stock valued at $2,452,000 after purchasing an additional 1,543 shares in the last quarter. Hedge funds and other institutional investors own 86.26% of the company’s stock.

DAL has been the subject of several research reports. Deutsche Bank AG cut their target price on shares of Delta Air Lines from $62.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, September 6th. Zacks Investment Research upgraded shares of Delta Air Lines from a “hold” rating to a “strong-buy” rating and set a $62.00 target price for the company in a research report on Tuesday, July 4th. BidaskClub lowered shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Bank of America Corporation upped their target price 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. Finally, ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $61.59.

Shares of Delta Air Lines, Inc. (DAL) traded up 0.321% during trading on Tuesday, hitting $48.475. 1,544,801 shares of the stock traded hands. The firm’s 50-day moving average price is $48.31 and its 200-day moving average price is $49.10. The stock has a market cap of $35.29 billion, a PE ratio of 9.609 and a beta of 1.25. Delta Air Lines, Inc. has a 12 month low of $37.91 and a 12 month high of $55.75. Delta Air Lines also was the target of unusually large options trading activity on Monday. Stock investors bought 8,778 put options on the company. This is an increase of 113% compared to the typical volume of 4,113 put options.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, July 13th. The transportation company reported $1.64 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $10.81 billion. During the same period in the prior year, the firm posted $1.47 earnings per share. Delta Air Lines’s revenue for the quarter was up 3.3% on a year-over-year basis. Analysts anticipate that Delta Air Lines, Inc. will post $5.12 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd were paid a dividend of $0.305 per share. The ex-dividend date was Monday, August 21st. This is a boost 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 2.52%. Delta Air Lines’s payout ratio is currently 24.25%.

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In other news, Director George N. Mattson purchased 6,000 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The stock was purchased at an average cost of $45.44 per share, with a total value of $272,640.00. Following the purchase, the director now owns 61,510 shares in the company, valued at $2,795,014.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joanne D. Smith sold 3,700 shares of Delta Air Lines stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $54.00, for a total transaction of $199,800.00. Following the transaction, the executive vice president now directly owns 77,223 shares of the company’s stock, valued at $4,170,042. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 191,000 shares of company stock valued at $287,440 and have sold 75,700 shares valued at $4,171,150. 0.37% of the stock is currently owned by insiders.

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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