Mutual of America Capital Management LLC Sells 2,572 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Mutual of America Capital Management LLC decreased its stake in Delta Air Lines, Inc. (NYSE:DAL) by 3.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 81,413 shares of the transportation company’s stock after selling 2,572 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Delta Air Lines were worth $3,862,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DAL. Norges Bank bought a new position in shares of Delta Air Lines in the 4th quarter valued at about $65,056,000. Wells Fargo & Company MN grew its holdings in shares of Delta Air Lines by 7.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,127,607 shares of the transportation company’s stock valued at $45,364,000 after acquiring an additional 73,936 shares in the last quarter. D.A. Davidson & CO. grew its holdings in Delta Air Lines by 6.5% during the fourth quarter. D.A. Davidson & CO. now owns 24,702 shares of the transportation company’s stock worth $994,000 after purchasing an additional 1,509 shares during the period. Assetmark Inc. grew its holdings in Delta Air Lines by 94.3% during the fourth quarter. Assetmark Inc. now owns 1,397 shares of the transportation company’s stock worth $56,000 after purchasing an additional 678 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in Delta Air Lines by 5.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 220,040 shares of the transportation company’s stock worth $8,852,000 after purchasing an additional 10,586 shares during the period. Institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling at Delta Air Lines

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

Analysts Set New Price Targets

DAL has been the subject of a number of research analyst reports. Jefferies Financial Group reduced their price target 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. TD Cowen reduced their price target on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Sanford C. Bernstein reduced their price target on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating for the company in a report on Friday, July 12th. Finally, Citigroup lifted their price target on Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Delta Air Lines currently has a consensus rating of “Buy” and an average price target of $61.52.

Delta Air Lines Stock Down 0.4 %

NYSE DAL opened at $46.94 on Monday. 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, Inc. has a 1-year low of $30.60 and a 1-year high of $53.86. The company has a 50 day moving average of $42.36 and a 200-day moving average of $46.32. The company has a market cap 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 (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 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 business had revenue of $15.41 billion during the quarter, compared to analyst estimates of $15.45 billion. During the same quarter in the previous year, the firm posted $2.68 earnings per share. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. On average, equities research analysts expect that Delta Air Lines, Inc. will post 5.99 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

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

About Delta Air Lines

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.