Tredje AP fonden Sells 395 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Tredje AP fonden reduced its stake in Delta Air Lines, Inc. (NYSE:DAL) by 1.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 25,292 shares of the transportation company’s stock after selling 395 shares during the quarter. Tredje AP fonden’s holdings in Delta Air Lines were worth $1,200,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in shares of Delta Air Lines by 220.2% during the 4th quarter. Wellington Management Group LLP now owns 8,600,741 shares of the transportation company’s stock valued at $346,008,000 after acquiring an additional 5,914,301 shares during the period. Capital International Investors raised its stake in Delta Air Lines by 8.8% in the fourth quarter. Capital International Investors now owns 20,936,699 shares of the transportation company’s stock valued at $842,283,000 after purchasing an additional 1,689,053 shares in the last quarter. Norges Bank bought a new stake in Delta Air Lines during the fourth quarter worth about $65,056,000. Royal London Asset Management Ltd. grew its stake in Delta Air Lines by 27.0% during the fourth quarter. Royal London Asset Management Ltd. now owns 6,467,749 shares of the transportation company’s stock worth $260,198,000 after buying an additional 1,376,221 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in Delta Air Lines during the second quarter worth about $60,217,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Activity

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

Analyst Ratings Changes

DAL has been the subject of a number of recent analyst reports. Sanford C. Bernstein cut their price target on shares of Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating for the company in a report on Friday, July 12th. Jefferies Financial Group cut their target price on Delta Air Lines from $58.00 to $56.00 and set a “buy” rating for the company in a research note on Friday, June 28th. TD Cowen decreased their price target on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Finally, Citigroup upped their price objective on Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. One investment 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’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $61.52.

Delta Air Lines Trading Down 0.4 %

Shares of DAL stock opened at $46.93 on Friday. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $53.86. The stock’s fifty day simple moving average is $42.36 and its 200 day simple moving average is $46.25. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $30.28 billion, a P/E ratio of 6.75, a P/E/G ratio of 0.89 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, July 11th. The transportation company reported $2.36 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $15.41 billion for the quarter, compared to the consensus estimate of $15.45 billion. During the same quarter last year, the firm posted $2.68 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, sell-side analysts predict that Delta Air Lines, Inc. will post 5.99 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, October 10th. Delta Air Lines’s dividend payout ratio (DPR) is currently 8.63%.

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.