Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lowered its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 8.4% in the second quarter, Holdings Channel.com reports. The fund owned 13,471 shares of the transportation company’s stock after selling 1,228 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Delta Air Lines were worth $639,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DAL. Capital International Investors increased its position in shares of Delta Air Lines by 8.8% during the fourth quarter. Capital International Investors now owns 20,936,699 shares of the transportation company’s stock worth $842,283,000 after purchasing an additional 1,689,053 shares in the last quarter. Capital World Investors boosted its stake in Delta Air Lines by 0.3% during the 1st quarter. Capital World Investors now owns 15,030,836 shares of the transportation company’s stock worth $719,526,000 after purchasing an additional 49,712 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Delta Air Lines by 12.5% during the second quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock worth $471,330,000 after buying an additional 1,105,674 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Delta Air Lines by 220.2% in the fourth quarter. Wellington Management Group LLP now owns 8,600,741 shares of the transportation company’s stock valued at $346,008,000 after buying an additional 5,914,301 shares during the last quarter. Finally, Royal London Asset Management Ltd. lifted its stake in shares of Delta Air Lines by 27.0% in 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. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on DAL shares. TD Cowen dropped their price objective on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Citigroup lifted 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. Jefferies Financial Group dropped their target price on Delta Air Lines from $58.00 to $56.00 and set a “buy” rating for the company in a report on Friday, June 28th. Finally, Sanford C. Bernstein reduced their price target on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating on the stock in a report on Friday, July 12th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $61.52.

Insider Activity

In other news, Director Willie Cw Chiang bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were purchased at an average price of $43.90 per share, with a total value of $439,000.00. Following the purchase, the director now owns 20,000 shares in the company, valued at $878,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Down 0.4 %

Shares of NYSE:DAL opened at $46.94 on Friday. The company has a market capitalization of $30.29 billion, a price-to-earnings ratio of 6.75, a PEG ratio of 0.89 and a beta of 1.34. Delta Air Lines, Inc. has a 12-month low of $30.60 and a 12-month high of $53.86. The business has a 50-day moving average price of $42.36 and a 200 day moving average price of $46.29. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21.

Delta Air Lines (NYSE:DAL) last announced its quarterly 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 net margin of 7.46% and a return on equity of 36.02%. The company had revenue of $15.41 billion for the quarter, compared to analyst estimates of $15.45 billion. During the same quarter in the prior year, the business earned $2.68 earnings per share. Delta Air Lines’s revenue was up 5.4% on a year-over-year basis. Sell-side analysts expect that Delta Air Lines, Inc. will post 5.99 EPS for the current year.

Delta Air Lines Dividend Announcement

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

Delta Air Lines 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.