Global X Management Co. LLC increased its stake in Delta Air Lines, Inc. (NYSE:DAL) by 5.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,681 shares of the transportation company’s stock after buying an additional 1,775 shares during the period. Global X Management Co. LLC’s holdings in Delta Air Lines were worth $1,810,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. increased its position in Delta Air Lines by 2,951.4% in the first quarter. BlackRock Inc. now owns 45,260,856 shares of the transportation company’s stock valued at $2,080,189,000 after buying an additional 43,777,555 shares during the period. Lansdowne Partners UK LLP increased its position in Delta Air Lines by 7.3% in the first quarter. Lansdowne Partners UK LLP now owns 28,103,972 shares of the transportation company’s stock valued at $1,291,656,000 after buying an additional 1,918,036 shares during the period. Primecap Management Co. CA increased its position in Delta Air Lines by 9.3% in the first quarter. Primecap Management Co. CA now owns 22,713,894 shares of the transportation company’s stock valued at $1,043,931,000 after buying an additional 1,930,614 shares during the period. AQR Capital Management LLC increased its position in Delta Air Lines by 15.8% in the first quarter. AQR Capital Management LLC now owns 9,571,378 shares of the transportation company’s stock valued at $439,900,000 after buying an additional 1,308,115 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Delta Air Lines by 85.6% in the first quarter. Dimensional Fund Advisors LP now owns 7,039,445 shares of the transportation company’s stock valued at $323,542,000 after buying an additional 3,245,791 shares during the period. Institutional investors and hedge funds own 87.65% of the company’s stock.

Delta Air Lines, Inc. (NYSE DAL) opened at 49.48 on Friday. The company has a market capitalization of $36.02 billion, a price-to-earnings ratio of 9.81 and a beta of 1.20. Delta Air Lines, Inc. has a 52-week low of $35.84 and a 52-week high of $55.75. The stock has a 50 day moving average price of $52.40 and a 200 day moving average price of $49.46.

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. Delta Air Lines had a return on equity of 37.16% and a net margin of 11.34%. The business had revenue of $10.79 billion for the quarter, compared to analyst estimates of $10.81 billion. During the same quarter in the previous year, the business posted $1.47 earnings per share. The business’s revenue 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 fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Wednesday, August 23rd will be issued a dividend of $0.305 per share. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.20. This represents a $1.22 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Monday, August 21st. Delta Air Lines’s dividend payout ratio (DPR) is presently 16.10%.

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DAL has been the subject of several analyst reports. Deutsche Bank AG raised their target price on Delta Air Lines from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, April 18th. Vetr upgraded Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $57.50 target price for the company in a research report on Tuesday, July 25th. ValuEngine upgraded Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th. Evercore ISI restated an “outperform” rating and set a $66.00 target price on shares of Delta Air Lines in a research report on Friday, July 14th. Finally, Morgan Stanley restated an “overweight” rating and set a $62.00 target price (down previously from $63.00) on shares of Delta Air Lines in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the stock. Delta Air Lines presently has a consensus rating of “Buy” and a consensus price target of $60.74.

In other news, President Glen W. Hauenstein sold 67,000 shares of the stock in a transaction dated 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 owns 239,418 shares of the company’s stock, valued at approximately $13,203,902.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Craig M. Meynard sold 5,000 shares of the stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $55.26, for a total transaction of $276,300.00. Following the transaction, the vice president now directly owns 7,437 shares in the company, valued at approximately $410,968.62. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 399,000 shares of company stock valued at $31,920 and have sold 126,831 shares valued at $6,703,732. Company insiders own 0.37% of the company’s stock.

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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