ETRADE Capital Management LLC purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,661 shares of the transportation company’s stock, valued at approximately $250,000.

A number of other hedge funds have also recently modified their holdings of the business. FNY Managed Accounts LLC purchased a new position in shares of Delta Air Lines in the 1st quarter worth about $100,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Delta Air Lines by 40.3% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 2,761 shares of the transportation company’s stock valued at $127,000 after purchasing an additional 793 shares during the last quarter. Ruggie Capital Group increased its position in shares of Delta Air Lines by 1,187.0% during the 1st quarter. Ruggie Capital Group now owns 2,767 shares of the transportation company’s stock valued at $127,000 after purchasing an additional 2,552 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Delta Air Lines by 104.3% during the 2nd quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 1,298 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. increased its position in shares of Delta Air Lines by 87.6% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,964 shares of the transportation company’s stock valued at $159,000 after purchasing an additional 1,384 shares during the last quarter. 86.26% of the stock is owned by hedge funds and other institutional investors.

Delta Air Lines, Inc. (DAL) opened at 48.22 on Monday. The company has a market cap of $35.10 billion, a P/E ratio of 9.56 and a beta of 1.25. The company’s 50 day moving average price is $48.31 and its 200-day moving average price is $49.10. Delta Air Lines, Inc. has a one year low of $37.91 and a one year high of $55.75.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 the consensus estimate of $10.81 billion. During the same quarter last year, the business posted $1.47 EPS. Delta Air Lines’s revenue was up 3.3% compared to the same quarter last year. On average, analysts forecast that Delta Air Lines, Inc. will post $5.12 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd were issued a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 2.53%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, August 21st. Delta Air Lines’s dividend payout ratio is presently 24.25%.

Several brokerages have issued reports on DAL. ValuEngine raised Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 20th. Vetr raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $57.50 price target on the stock in a research note on Tuesday, July 25th. BidaskClub downgraded shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Deutsche Bank AG restated a “buy” rating and issued a $62.00 price objective (up from $58.00) on shares of Delta Air Lines in a report on Friday, July 14th. Finally, Zacks Investment Research lowered shares of Delta Air Lines from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 20th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $61.58.

In other Delta Air Lines news, VP Craig M. Meynard sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $55.26, for a total transaction of $276,300.00. Following the completion of the transaction, the vice president now owns 7,437 shares in the company, valued at $410,968.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George N. Mattson bought 6,000 shares of the business’s stock in a transaction dated Thursday, August 24th. The shares were acquired at an average cost of $45.44 per share, for a total transaction of $272,640.00. Following the purchase, the director now owns 61,510 shares of the company’s stock, valued at approximately $2,795,014.40. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 191,000 shares of company stock worth $287,440 and have sold 75,700 shares worth $4,171,150. Corporate insiders own 0.37% of the company’s stock.

TRADEMARK VIOLATION WARNING: “ETRADE Capital Management LLC Purchases Shares of 4,661 Delta Air Lines, Inc. (DAL)” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://www.watchlistnews.com/etrade-capital-management-llc-purchases-shares-of-4661-delta-air-lines-inc-dal/1602964.html.

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.

Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

Receive News & Ratings for Delta Air Lines Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.