Nippon Life Global Investors Americas Inc. continued to hold its position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,850 shares of the transportation company’s stock at the end of the second quarter. Nippon Life Global Investors Americas Inc.’s holdings in Delta Air Lines were worth $2,464,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Wedbush Securities Inc. boosted its stake in shares of Delta Air Lines by 3.2% in the second quarter. Wedbush Securities Inc. now owns 6,296 shares of the transportation company’s stock valued at $338,000 after buying an additional 195 shares in the last quarter. Pekin Singer Strauss Asset Management IL purchased a new stake in shares of Delta Air Lines during the second quarter valued at $268,000. Traynor Capital Management Inc. boosted its stake in shares of Delta Air Lines by 1.2% in the second quarter. Traynor Capital Management Inc. now owns 4,911 shares of the transportation company’s stock valued at $246,000 after buying an additional 58 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Delta Air Lines by 1.4% in the second quarter. Teacher Retirement System of Texas now owns 908,690 shares of the transportation company’s stock valued at $48,833,000 after buying an additional 12,179 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Delta Air Lines by 181.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 301,343 shares of the transportation company’s stock valued at $16,270,000 after buying an additional 194,146 shares in the last quarter. 87.88% of the stock is owned by hedge funds and other institutional investors.

Shares of Delta Air Lines, Inc. (NYSE:DAL) opened at 49.48 on Monday. The company has a market capitalization of $36.02 billion, a PE ratio of 9.81 and a beta of 1.20. Delta Air Lines, Inc. has a 1-year low of $35.84 and a 1-year high of $55.75. The company’s 50-day moving average price is $52.40 and its 200-day moving average price is $49.46.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, July 13th. The transportation company reported $1.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by $0.02. The firm had revenue of $10.79 billion for the quarter, compared to the consensus estimate of $10.81 billion. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.47 EPS. On average, equities analysts expect 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. Stockholders of record on Wednesday, August 23rd will be issued a dividend of $0.305 per share. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, August 21st. This represents a $1.22 annualized dividend and a dividend yield of 2.47%. Delta Air Lines’s payout ratio is currently 16.10%.

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Several analysts have weighed in on the company. Barclays PLC assumed coverage on Delta Air Lines in a report on Thursday. They set an “overweight” rating and a $70.00 price objective for the company. BidaskClub cut Delta Air Lines from a “hold” rating to a “sell” rating in a report on Friday, August 4th. ValuEngine raised Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 2nd. Vetr raised Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $57.50 price objective for the company in a report on Tuesday, July 25th. Finally, Evercore ISI reissued an “outperform” rating and set a $66.00 price objective on shares of Delta Air Lines in a report on Friday, July 14th. One 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 company’s stock. Delta Air Lines presently has a consensus rating of “Buy” and a consensus price target of $60.74.

In other news, President Glen W. Hauenstein sold 67,000 shares of the business’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 completion of the sale, the president now owns 239,418 shares in the company, valued at $13,203,902.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Edward H. Bastian sold 25,000 shares of the business’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 sale, the chief executive officer now owns 285,508 shares of the company’s stock, valued at approximately $13,861,413.40. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 399,000 shares of company stock valued at $31,920 and have sold 126,831 shares valued at $6,703,732. Insiders own 0.37% of the company’s stock.

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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