Bokf Na Buys 9,825 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Bokf Na raised its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 432.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,099 shares of the transportation company’s stock after purchasing an additional 9,825 shares during the period. Bokf Na’s holdings in Delta Air Lines were worth $574,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in DAL. Janney Montgomery Scott LLC raised its position in shares of Delta Air Lines by 6.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 125,562 shares of the transportation company’s stock worth $5,051,000 after acquiring an additional 7,144 shares in the last quarter. First Eagle Investment Management LLC bought a new position in shares of Delta Air Lines in the 4th quarter worth about $208,000. Manchester Capital Management LLC raised its position in shares of Delta Air Lines by 26,166.7% in the 4th quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company’s stock worth $32,000 after acquiring an additional 785 shares in the last quarter. Norges Bank bought a new position in shares of Delta Air Lines in the 4th quarter worth about $65,056,000. Finally, Coldstream Capital Management Inc. raised its position in shares of Delta Air Lines by 2.5% in the 4th quarter. Coldstream Capital Management Inc. now owns 12,240 shares of the transportation company’s stock worth $492,000 after acquiring an additional 304 shares in the last quarter. 69.93% of the stock is owned by institutional investors.

Insider Transactions at Delta Air Lines

In other news, Director Willie Cw Chiang acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were acquired at an average price of $43.90 per share, for a total transaction of $439,000.00. Following the completion of the purchase, the director now owns 20,000 shares in the company, valued at $878,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Price Performance

Shares of NYSE DAL opened at $45.18 on Monday. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $53.86. The stock’s 50 day moving average price is $42.27 and its 200-day moving average price is $46.15. The company has a market capitalization of $29.16 billion, a PE ratio of 6.50, a PEG ratio of 0.89 and a beta of 1.34. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.21.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, July 11th. The transportation company reported $2.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.01). Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The business had revenue of $15.41 billion during the quarter, compared to analysts’ expectations of $15.45 billion. During the same quarter in the previous year, the firm earned $2.68 EPS. Delta Air Lines’s quarterly revenue was up 5.4% on a year-over-year basis. On average, equities analysts anticipate that Delta Air Lines, Inc. will post 5.99 EPS for the current year.

Delta Air Lines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Tuesday, July 30th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Tuesday, July 30th. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.10. Delta Air Lines’s payout ratio is presently 8.63%.

Analyst Ratings Changes

A number of analysts recently commented on DAL shares. TD Cowen decreased their target price on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Citigroup boosted their target price on Delta Air Lines from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Sanford C. Bernstein decreased their target price on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating for the company in a research report on Friday, July 12th. Finally, Jefferies Financial Group decreased their target price on Delta Air Lines from $58.00 to $56.00 and set a “buy” rating for the company in a research report on Friday, June 28th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Delta Air Lines currently has a consensus rating of “Buy” and a consensus target price of $61.52.

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 domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.