Mediolanum International Funds Ltd Has $5.23 Million Stake in Delta Air Lines, Inc. $DAL

Mediolanum International Funds Ltd reduced its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 64.2% in the 1st quarter, Holdings Channel reports. The firm owned 82,764 shares of the transportation company’s stock after selling 148,122 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Delta Air Lines were worth $5,230,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Spartan Wealth Advisory Services LLC bought a new stake in Delta Air Lines in the first quarter valued at approximately $430,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Delta Air Lines by 81.6% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 603 shares of the transportation company’s stock worth $40,000 after purchasing an additional 271 shares during the period. California Public Employees Retirement System lifted its position in shares of Delta Air Lines by 15.0% in the 1st quarter. California Public Employees Retirement System now owns 1,469,652 shares of the transportation company’s stock worth $97,702,000 after purchasing an additional 191,345 shares during the period. Quadrant Private Wealth Management LLC boosted its stake in shares of Delta Air Lines by 15.7% in the 1st quarter. Quadrant Private Wealth Management LLC now owns 62,082 shares of the transportation company’s stock valued at $4,127,000 after purchasing an additional 8,439 shares during the last quarter. Finally, Atlas Wealth LLC acquired a new stake in shares of Delta Air Lines during the first quarter worth $35,000. Institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling

In related news, EVP Alain Bellemare sold 25,000 shares of Delta Air Lines stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $81.44, for a total value of $2,036,000.00. Following the completion of the sale, the executive vice president owned 95,025 shares of the company’s stock, valued at approximately $7,738,836. This trade represents a 20.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Allison C. Ausband sold 9,710 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $76.00, for a total transaction of $737,960.00. Following the sale, the executive vice president owned 138,854 shares of the company’s stock, valued at $10,552,904. This trade represents a 6.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 65,331 shares of company stock worth $5,036,638 over the last ninety days. 0.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Susquehanna upped their price target on shares of Delta Air Lines from $78.00 to $108.00 and gave the company a “positive” rating in a research report on Tuesday, July 7th. Wolfe Research dropped their price objective on Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. UBS Group boosted their price objective on Delta Air Lines from $107.00 to $112.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Barclays lifted their target price on Delta Air Lines from $85.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Finally, BNP Paribas Exane cut their price target on Delta Air Lines from $85.00 to $81.00 and set an “outperform” rating on the stock in a report on Tuesday, April 21st. Twenty-three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $100.40.

Delta Air Lines Price Performance

DAL stock opened at $84.44 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.42 and a quick ratio of 0.35. The company’s 50-day moving average is $82.77 and its 200-day moving average is $73.18. The stock has a market capitalization of $55.53 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 1.04 and a beta of 1.29. Delta Air Lines, Inc. has a 1 year low of $50.44 and a 1 year high of $95.68.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, July 9th. The transportation company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.07. The business had revenue of $17.67 billion during the quarter, compared to analyst estimates of $17.43 billion. Delta Air Lines had a return on equity of 17.52% and a net margin of 5.79%.The firm’s revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.10 EPS. Equities research analysts expect that Delta Air Lines, Inc. will post 6.66 EPS for the current fiscal year.

Delta Air Lines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th will be issued a dividend of $0.215 per share. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.19. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Thursday, July 9th. Delta Air Lines’s dividend payout ratio is presently 14.26%.

About Delta Air Lines

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.