Kovitz Investment Group Partners LLC raised its stake in Delta Air Lines, Inc. (NYSE:DAL) by 5.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 633,821 shares of the transportation company’s stock after buying an additional 30,450 shares during the period. Delta Air Lines makes up about 1.8% of Kovitz Investment Group Partners LLC’s holdings, making the stock its 27th largest position. Kovitz Investment Group Partners LLC’s holdings in Delta Air Lines were worth $34,062,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of The West increased its position in Delta Air Lines by 1.4% in the first quarter. Bank of The West now owns 267,286 shares of the transportation company’s stock valued at $12,284,000 after buying an additional 3,782 shares during the last quarter. Hosking Partners LLP increased its position in Delta Air Lines by 10.0% in the first quarter. Hosking Partners LLP now owns 1,861,777 shares of the transportation company’s stock valued at $85,567,000 after buying an additional 169,097 shares during the last quarter. Regent Investment Management LLC increased its position in Delta Air Lines by 13.9% in the first quarter. Regent Investment Management LLC now owns 16,362 shares of the transportation company’s stock valued at $752,000 after buying an additional 2,000 shares during the last quarter. US Bancorp DE increased its position in Delta Air Lines by 15.1% in the second quarter. US Bancorp DE now owns 1,381,854 shares of the transportation company’s stock valued at $74,262,000 after buying an additional 181,027 shares during the last quarter. Finally, Quantitative Investment Management LLC increased its position in Delta Air Lines by 2.5% in the first quarter. Quantitative Investment Management LLC now owns 100,800 shares of the transportation company’s stock valued at $4,632,000 after buying an additional 2,500 shares during the last quarter. Institutional investors and hedge funds own 87.65% of the company’s stock.

Shares of Delta Air Lines, Inc. (DAL) opened at 49.67 on Thursday. The company has a market cap of $36.16 billion, a P/E ratio of 9.85 and a beta of 1.20. The company’s 50-day moving average price is $52.59 and its 200-day moving average price is $49.46. Delta Air Lines, Inc. has a 12 month low of $35.84 and a 12 month high of $55.75.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, July 13th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by $0.02. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The firm had revenue of $10.79 billion during the quarter, compared to analysts’ expectations of $10.81 billion. During the same quarter in the prior year, the firm posted $1.47 EPS. Delta Air Lines’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities analysts forecast that Delta Air Lines, Inc. will post $5.12 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd will be paid a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 2.46%. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, August 21st. Delta Air Lines’s payout ratio is presently 16.10%.

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Several research analysts have weighed in on DAL shares. ValuEngine upgraded Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 20th. Vetr raised Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $57.50 price objective on the stock in a report on Tuesday, July 25th. BidaskClub cut Delta Air Lines from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Deutsche Bank AG reaffirmed a “buy” rating and set a $62.00 price objective (up from $58.00) on shares of Delta Air Lines in a report on Friday, July 14th. Finally, Atlantic Securities initiated coverage on Delta Air Lines in a report on Tuesday, June 20th. They set an “overweight” rating and a $68.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $60.16.

In related news, CEO Edward H. Bastian sold 25,000 shares of the business’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $48.55, for a total transaction of $1,213,750.00. Following the completion of the transaction, the chief executive officer now directly owns 285,508 shares of the company’s stock, valued at approximately $13,861,413.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Craig M. Meynard sold 5,000 shares of the business’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $55.26, for a total value of $276,300.00. Following the transaction, the vice president now directly owns 7,437 shares of the company’s stock, valued at $410,968.62. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 394,000 shares of company stock valued at $31,520 and have sold 131,306 shares valued at $6,924,439. Insiders own 0.37% of the company’s stock.

Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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