Delta Air Lines, Inc. (NYSE:DAL) Shares Purchased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ boosted its position in Delta Air Lines, Inc. (NYSE:DAL) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,935 shares of the transportation company’s stock after purchasing an additional 1,406 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Delta Air Lines were worth $1,989,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Manchester Capital Management LLC increased its holdings in shares of Delta Air Lines by 24.7% in the first quarter. Manchester Capital Management LLC now owns 983 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 195 shares during the last quarter. HBK Sorce Advisory LLC grew its holdings in Delta Air Lines by 4.0% in the 1st quarter. HBK Sorce Advisory LLC now owns 5,772 shares of the transportation company’s stock valued at $276,000 after buying an additional 221 shares in the last quarter. Silverlake Wealth Management LLC increased its stake in shares of Delta Air Lines by 2.9% in the 1st quarter. Silverlake Wealth Management LLC now owns 8,145 shares of the transportation company’s stock worth $390,000 after acquiring an additional 229 shares during the last quarter. Lindbrook Capital LLC raised its holdings in shares of Delta Air Lines by 7.2% during the 1st quarter. Lindbrook Capital LLC now owns 3,472 shares of the transportation company’s stock worth $166,000 after acquiring an additional 233 shares during the period. Finally, Norden Group LLC boosted its position in shares of Delta Air Lines by 1.8% during the 1st quarter. Norden Group LLC now owns 14,006 shares of the transportation company’s stock valued at $670,000 after acquiring an additional 243 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Up 0.5 %

Shares of NYSE:DAL opened at $47.16 on Tuesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.40 and a quick ratio of 0.35. The firm has a market capitalization of $30.43 billion, a PE ratio of 6.79, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The firm’s 50-day moving average is $42.44 and its two-hundred day moving average is $46.35. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $53.86.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, July 11th. The transportation company reported $2.36 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $15.45 billion. During the same period in the prior year, the business earned $2.68 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts predict that Delta Air Lines, Inc. will post 5.99 EPS for the current year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.60 annualized dividend and a yield of 1.27%. Delta Air Lines’s dividend payout ratio (DPR) is 8.63%.

Insider Buying and Selling at Delta Air Lines

In related news, Director Willie Cw Chiang acquired 10,000 shares of the stock in a transaction dated Friday, July 12th. The stock was acquired at an average cost of $43.90 per share, with a total value of $439,000.00. Following the completion of the transaction, the director now owns 20,000 shares in the company, valued at approximately $878,000. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 0.96% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Jefferies Financial Group reduced their target price on shares of Delta Air Lines from $58.00 to $56.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. Sanford C. Bernstein decreased their price objective 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. TD Cowen cut their target price on 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. Finally, Citigroup lifted 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. 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $61.52.

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.