Raymond James Trust N.A. boosted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.9% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 15,053 shares of the transportation company’s stock after acquiring an additional 430 shares during the quarter. Raymond James Trust N.A.’s holdings in Delta Air Lines were worth $808,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DAL. FNY Managed Accounts LLC acquired a new stake in Delta Air Lines during the 1st quarter worth about $100,000. TrimTabs Asset Management LLC lifted its position in Delta Air Lines by 88.8% during the 1st quarter. TrimTabs Asset Management LLC now owns 2,416 shares of the transportation company’s stock worth $111,000 after acquiring an additional 1,136 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Delta Air Lines by 40.3% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 2,761 shares of the transportation company’s stock worth $127,000 after acquiring an additional 793 shares during the period. Ruggie Capital Group lifted its position in Delta Air Lines by 1,187.0% during the 1st quarter. Ruggie Capital Group now owns 2,767 shares of the transportation company’s stock worth $127,000 after acquiring an additional 2,552 shares during the period. Finally, Bessemer Group Inc. lifted its position in Delta Air Lines by 104.3% during the 2nd quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company’s stock worth $137,000 after acquiring an additional 1,298 shares during the period. 86.49% of the stock is owned by institutional investors.

Delta Air Lines, Inc. (NYSE DAL) opened at 48.98 on Thursday. Delta Air Lines, Inc. has a 12-month low of $36.59 and a 12-month high of $55.75. The firm has a market cap of $35.66 billion, a price-to-earnings ratio of 9.71 and a beta of 1.25. The company’s 50 day moving average is $48.62 and its 200 day moving average is $49.18.

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 Thomson Reuters’ consensus estimate of $1.66 by ($0.02). The company had revenue of $10.79 billion during the quarter, compared to analyst estimates of $10.81 billion. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.47 EPS. 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 was paid on Wednesday, September 13th. Shareholders of record on Wednesday, August 23rd were paid a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend was Monday, August 21st. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.20. Delta Air Lines’s dividend payout ratio is currently 24.25%.

A number of analysts have commented on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Delta Air Lines in a research report on Tuesday. Deutsche Bank AG decreased their price objective on Delta Air Lines from $62.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, September 6th. Imperial Capital reissued a “hold” rating and issued a $50.00 price objective on shares of Delta Air Lines in a report on Wednesday, September 6th. Cowen and Company reissued a “buy” rating and issued a $60.00 price objective on shares of Delta Air Lines in a report on Tuesday, September 5th. Finally, BidaskClub cut Delta Air Lines from a “hold” rating to a “sell” rating in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $61.97.

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In other news, VP Craig M. Meynard sold 5,000 shares of the stock in a transaction 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 transaction, the vice president now owns 7,437 shares in the company, valued at approximately $410,968.62. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director George N. Mattson purchased 6,000 shares of the company’s stock in a transaction dated Thursday, August 24th. The shares were acquired at an average price of $45.44 per share, for a total transaction of $272,640.00. Following the purchase, the director now owns 61,510 shares in the company, valued at $2,795,014.40. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 267,000 shares of company stock worth $293,520 and sold 75,700 shares worth $4,171,150. 0.37% of the stock is currently owned by corporate insiders.

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.

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

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