Ray Gerald L & Associates Ltd. lowered its stake in Delta Air Lines, Inc. (NYSE:DAL) by 0.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,021 shares of the transportation company’s stock after selling 4 shares during the period. Ray Gerald L & Associates Ltd.’s holdings in Delta Air Lines were worth $592,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of DAL. State of Alaska Department of Revenue bought a new stake in Delta Air Lines during the first quarter worth about $180,000. Acadian Asset Management LLC bought a new stake in Delta Air Lines during the first quarter worth about $2,510,000. Hennessy Advisors Inc. raised its stake in Delta Air Lines by 7.4% in the first quarter. Hennessy Advisors Inc. now owns 43,600 shares of the transportation company’s stock worth $2,004,000 after buying an additional 3,000 shares during the period. Wetherby Asset Management Inc. raised its stake in Delta Air Lines by 0.8% in the first quarter. Wetherby Asset Management Inc. now owns 6,020 shares of the transportation company’s stock worth $277,000 after buying an additional 49 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD raised its stake in Delta Air Lines by 8.3% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 19,467 shares of the transportation company’s stock worth $894,000 after buying an additional 1,489 shares during the period. Institutional investors own 86.48% of the company’s stock.

Shares of Delta Air Lines, Inc. (DAL) opened at 46.83 on Thursday. The stock’s 50 day moving average is $50.82 and its 200-day moving average is $49.40. The firm has a market capitalization of $34.09 billion, a P/E ratio of 9.28 and a beta of 1.20. Delta Air Lines, Inc. has a 52-week low of $35.90 and a 52-week high of $55.75.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Wednesday, August 23rd will be paid a $0.305 dividend. The ex-dividend date of this dividend is Monday, August 21st. This represents a $1.22 dividend on an annualized basis and a yield of 2.61%. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.20. Delta Air Lines’s payout ratio is presently 24.25%.

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DAL has been the subject of a number of analyst reports. Citigroup Inc. upped their price target on Delta Air Lines from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, May 12th. Vetr lowered Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $55.68 price target for the company. in a research report on Thursday, June 1st. Stifel Nicolaus restated a “buy” rating on shares of Delta Air Lines in a research report on Friday, May 26th. Bank of America Corporation upped their price target on Delta Air Lines from $64.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, June 30th. Finally, ValuEngine lowered Delta Air Lines from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $62.16.

In other news, President Glen W. Hauenstein sold 67,000 shares of the business’s 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 sale, the president now 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 is accessible through the SEC website. Also, VP Craig M. Meynard sold 5,000 shares of the business’s stock in a transaction 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 sale, 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. In the last ninety days, insiders acquired 335,000 shares of company stock worth $298,960 and sold 75,700 shares worth $4,171,150. 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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