Tredje AP fonden cut its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,162 shares of the transportation company’s stock after selling 1,968 shares during the quarter. Tredje AP fonden’s holdings in Delta Air Lines were worth $1,891,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of DAL. Boston Partners grew its holdings in shares of Delta Air Lines by 39.0% during the first quarter. Boston Partners now owns 11,791,533 shares of the transportation company’s stock valued at $646,294,000 after purchasing an additional 3,306,568 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Delta Air Lines by 116.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,536,013 shares of the transportation company’s stock worth $193,809,000 after buying an additional 1,905,873 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Delta Air Lines by 35.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 3,131,975 shares of the transportation company’s stock worth $171,664,000 after buying an additional 823,042 shares during the period. Ceredex Value Advisors LLC acquired a new position in shares of Delta Air Lines during the first quarter worth approximately $42,224,000. Finally, Gluskin Sheff & Assoc Inc. acquired a new position in shares of Delta Air Lines during the first quarter worth approximately $39,779,000. 87.75% of the stock is owned by institutional investors.

In other Delta Air Lines news, VP Craig M. Meynard sold 1,793 shares of the company’s stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $54.31, for a total value of $97,377.83. Following the completion of the sale, the vice president now directly owns 7,170 shares in the company, valued at $389,402.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joanne D. Smith sold 4,353 shares of the stock in a transaction on Monday, August 20th. The shares were sold at an average price of $57.50, for a total value of $250,297.50. Following the sale, the executive vice president now owns 90,972 shares of the company’s stock, valued at approximately $5,230,890. The disclosure for this sale can be found here. Insiders sold 137,034 shares of company stock valued at $7,311,790 over the last 90 days. 0.33% of the stock is currently owned by insiders.

Several equities analysts have recently issued reports on the company. Imperial Capital boosted their price objective on Delta Air Lines from $68.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, June 1st. Cfra reiterated a “buy” rating and set a $70.00 price objective on shares of Delta Air Lines in a research report on Monday, June 18th. ValuEngine downgraded Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Wednesday, July 4th. Zacks Investment Research downgraded Delta Air Lines from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 13th. Finally, Buckingham Research reduced their price objective on Delta Air Lines from $76.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, June 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Delta Air Lines presently has a consensus rating of “Buy” and a consensus target price of $66.55.

DAL opened at $57.18 on Friday. The company has a market capitalization of $39.34 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 0.50 and a beta of 1.09. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.40 and a quick ratio of 0.31. Delta Air Lines, Inc. has a 1-year low of $44.59 and a 1-year high of $60.79.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, July 12th. The transportation company reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.05. The firm had revenue of $11.78 billion during the quarter, compared to the consensus estimate of $11.73 billion. Delta Air Lines had a return on equity of 26.75% and a net margin of 7.72%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.64 earnings per share. analysts predict that Delta Air Lines, Inc. will post 5.58 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 16th. Shareholders of record on Thursday, July 26th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.45%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, July 25th. Delta Air Lines’s dividend payout ratio is 28.40%.

Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its route network is centered on a system of hubs, international gateways, and airports 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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