DekaBank Deutsche Girozentrale raised its position in Delta Air Lines, Inc. (NYSE:DAL) by 181.1% during the second quarter, Holdings Channel reports. The firm owned 301,343 shares of the transportation company’s stock after buying an additional 194,146 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Delta Air Lines were worth $16,270,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Patten Group Inc. increased its stake in Delta Air Lines by 0.3% in the first quarter. Patten Group Inc. now owns 9,307 shares of the transportation company’s stock worth $420,000 after buying an additional 30 shares during the last quarter. Wetherby Asset Management Inc. increased its stake in Delta Air Lines by 0.8% in the first quarter. Wetherby Asset Management Inc. now owns 6,020 shares of the transportation company’s stock worth $277,000 after buying an additional 49 shares during the last quarter. Independent Advisor Alliance increased its stake in Delta Air Lines by 0.8% in the first quarter. Independent Advisor Alliance now owns 8,254 shares of the transportation company’s stock worth $372,000 after buying an additional 64 shares during the last quarter. Banced Corp increased its stake in Delta Air Lines by 1.2% in the second quarter. Banced Corp now owns 7,895 shares of the transportation company’s stock worth $425,000 after buying an additional 96 shares during the last quarter. Finally, Somerset Trust Co increased its stake in Delta Air Lines by 0.5% in the second quarter. Somerset Trust Co now owns 29,216 shares of the transportation company’s stock worth $1,570,000 after buying an additional 140 shares during the last quarter. Institutional investors own 87.65% of the company’s stock.

Delta Air Lines, Inc. (DAL) opened at 49.48 on Friday. Delta Air Lines, Inc. has a 12-month low of $35.84 and a 12-month high of $55.75. The stock’s 50 day moving average is $52.40 and its 200 day moving average is $49.46. The stock has a market capitalization of $36.02 billion, a price-to-earnings ratio of 9.81 and a beta of 1.20.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, July 13th. The transportation company reported $1.64 EPS for the quarter, missing the Zacks’ 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 for the quarter, compared to analysts’ expectations of $10.81 billion. During the same period in the previous year, the company earned $1.47 EPS. The company’s revenue was up 3.3% on a year-over-year basis. Equities analysts predict that Delta Air Lines, Inc. will post $5.12 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd will be given a dividend of $0.305 per share. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, August 21st. This represents a $1.22 dividend on an annualized basis and a yield of 2.47%. Delta Air Lines’s dividend payout ratio is presently 16.10%.

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DAL has been the topic of a number of recent research reports. Bank of America Corporation raised their price objective on Delta Air Lines from $64.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, June 30th. Cowen and Company reaffirmed an “outperform” rating and set a $58.00 price objective on shares of Delta Air Lines in a research note on Monday, April 17th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Delta Air Lines in a research note on Friday, May 26th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $60.00 price objective on shares of Delta Air Lines in a research note on Thursday, July 13th. Finally, ValuEngine raised Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the stock. Delta Air Lines currently has an average rating of “Buy” and a consensus price target of $60.74.

In related news, EVP Joanne D. Smith sold 3,700 shares of the stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $54.00, for a total transaction of $199,800.00. Following the completion of the sale, the executive vice president now owns 77,223 shares of the company’s stock, valued at $4,170,042. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Craig M. Meynard sold 5,000 shares of the stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $55.26, for a total transaction of $276,300.00. Following the sale, the vice president now directly owns 7,437 shares of the company’s stock, valued at approximately $410,968.62. The disclosure for this sale can be found here. In the last three months, insiders have purchased 399,000 shares of company stock valued at $31,920 and have sold 126,831 shares valued at $6,703,732. Corporate 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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