36,612 Shares in Delta Air Lines, Inc. (NYSE:DAL) Purchased by Axa S.A.

Axa S.A. acquired a new position in Delta Air Lines, Inc. (NYSE:DAL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 36,612 shares of the transportation company’s stock, valued at approximately $1,737,000.

Other large investors also recently bought and sold shares of the company. American International Group Inc. raised its holdings in Delta Air Lines by 1.6% in the 4th quarter. American International Group Inc. now owns 181,107 shares of the transportation company’s stock valued at $7,286,000 after acquiring an additional 2,783 shares during the last quarter. First Hawaiian Bank purchased a new stake in shares of Delta Air Lines in the first quarter valued at approximately $749,000. Maryland State Retirement & Pension System increased its holdings in shares of Delta Air Lines by 2.8% in the first quarter. Maryland State Retirement & Pension System now owns 50,358 shares of the transportation company’s stock valued at $2,384,000 after purchasing an additional 1,362 shares during the last quarter. RFG Advisory LLC purchased a new position in Delta Air Lines during the first quarter worth approximately $1,108,000. Finally, Norden Group LLC boosted its stake in Delta Air Lines by 714.1% during the first quarter. Norden Group LLC now owns 112,048 shares of the transportation company’s stock worth $5,364,000 after buying an additional 98,285 shares during the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines Price Performance

Shares of DAL opened at $50.78 on Tuesday. The company has a market cap of $32.77 billion, a P/E ratio of 7.31, a PEG ratio of 0.90 and a beta of 1.34. Delta Air Lines, Inc. has a fifty-two week low of $30.60 and a fifty-two week high of $53.86. 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’s 50 day moving average price is $42.93 and its 200 day moving average price is $46.60.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data 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). The company had revenue of $15.41 billion for the quarter, compared to analysts’ expectations of $15.45 billion. Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. During the same period in the prior year, the company posted $2.68 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. On average, research analysts forecast that Delta Air Lines, Inc. will post 6.18 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.18%. Delta Air Lines’s payout ratio is 8.63%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DAL shares. Jefferies Financial Group cut their price objective on shares of 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. 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. TD Cowen reduced their price target on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Finally, BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Delta Air Lines currently has a consensus rating of “Buy” and a consensus price target of $61.52.

Insider Activity at Delta Air Lines

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

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.