Bp Plc acquired a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the second quarter, Holdings Channel reports. The institutional investor acquired 22,000 shares of the transportation company’s stock, valued at approximately $1,182,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of DAL. FNY Managed Accounts LLC acquired a new stake in shares of Delta Air Lines during the first quarter worth approximately $100,000. Tompkins Financial Corp purchased a new position in shares of Delta Air Lines during the first quarter worth about $107,000. TrimTabs Asset Management LLC boosted its position in shares of Delta Air Lines by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,416 shares of the transportation company’s stock worth $111,000 after buying an additional 1,136 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Delta Air Lines during the first quarter worth about $114,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Delta Air Lines by 40.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 2,761 shares of the transportation company’s stock worth $127,000 after buying an additional 793 shares during the last quarter. 87.65% of the stock is currently owned by institutional investors and hedge funds.

Shares of Delta Air Lines, Inc. (DAL) opened at 49.48 on Friday. The company’s 50 day moving average price is $52.40 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. The stock has a market capitalization of $36.02 billion, a PE ratio of 9.81 and a beta of 1.20.

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 the consensus estimate of $1.66 by $0.02. Delta Air Lines had a net margin of 11.34% and a return on equity of 37.16%. The firm had revenue of $10.79 billion during the quarter, compared to analysts’ expectations of $10.81 billion. During the same period in the previous year, the business earned $1.47 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities analysts anticipate that Delta Air Lines, Inc. will post $5.12 earnings per share for the current fiscal year.

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

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A number of equities analysts recently issued reports on the stock. Barclays PLC initiated coverage on shares of Delta Air Lines in a research note on Thursday. They issued an “overweight” rating and a $70.00 price target on the stock. BidaskClub lowered shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Vetr lowered shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $55.68 price target for the company. in a research report on Thursday, June 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $80.00 price target (up previously from $75.00) on shares of Delta Air Lines in a research report on Friday, July 14th. Finally, ValuEngine raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 2nd. One 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’s stock. Delta Air Lines presently has an average rating of “Buy” and an average target price of $60.74.

In related news, VP Craig M. Meynard sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $55.26, for a total value of $276,300.00. Following the completion of the transaction, the vice president now directly owns 7,437 shares of the company’s stock, valued at approximately $410,968.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $48.55, for a total value 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 $13,861,413.40. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 399,000 shares of company stock valued at $31,920 and sold 126,831 shares valued at $6,703,732. Company 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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