Pekin Singer Strauss Asset Management IL purchased a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the second quarter, Holdings Channel reports. The fund purchased 4,982 shares of the transportation company’s stock, valued at approximately $268,000.

Several other large investors have also made changes to their positions in the company. Bank of The West boosted its stake in shares of 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 boosted its stake in shares of 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. US Bancorp DE boosted its stake in shares of 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. Regent Investment Management LLC boosted its stake in shares of 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. Finally, Quantitative Investment Management LLC boosted its stake in shares of 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. 87.65% of the stock is owned by hedge funds and other institutional investors.

Delta Air Lines, Inc. (DAL) opened at 49.48 on Friday. Delta Air Lines, Inc. has a 52 week low of $35.84 and a 52 week high of $55.75. The firm has a market cap of $36.02 billion, a price-to-earnings ratio of 9.81 and a beta of 1.20. The firm’s 50-day moving average is $52.40 and its 200-day moving average is $49.46.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, July 13th. The transportation company reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.66 by $0.02. Delta Air Lines had a return on equity of 37.16% and a net margin of 11.34%. The company had revenue of $10.79 billion for the quarter, compared to analyst estimates of $10.81 billion. During the same period in the previous year, the business posted $1.47 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities analysts anticipate that Delta Air Lines, Inc. will post $5.12 earnings per share for the current year.

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

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Several research analysts recently commented on the stock. ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 20th. Vetr upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $57.50 price objective for the company in a research note on Tuesday, July 25th. BidaskClub lowered shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Deutsche Bank AG reiterated a “buy” rating and set a $62.00 price objective (up previously from $58.00) on shares of Delta Air Lines in a research note on Friday, July 14th. Finally, Atlantic Securities assumed coverage on shares of Delta Air Lines in a research note on Tuesday, June 20th. They set an “overweight” rating and a $68.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company. Delta Air Lines presently has a consensus rating of “Buy” and a consensus price target of $60.74.

In other Delta Air Lines news, VP Craig M. Meynard sold 5,000 shares of the firm’s 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 owns 7,437 shares of the company’s stock, valued at $410,968.62. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Glen W. Hauenstein sold 67,000 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $55.15, for a total transaction of $3,695,050.00. Following the sale, the president now directly owns 239,418 shares in the company, valued at approximately $13,203,902.70. The disclosure for this sale can be found here. In the last three months, insiders have acquired 399,000 shares of company stock worth $31,920 and have sold 126,831 shares worth $6,703,732. 0.37% of the stock is currently owned by company insiders.

About Delta Air Lines

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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