Bridgewater Associates LP acquired a new position in Delta Air Lines, Inc. (NYSE:DAL) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 39,060 shares of the transportation company’s stock, valued at approximately $2,099,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Tennessee Treasury Department raised its holdings in Delta Air Lines by 78.0% in the second quarter. State of Tennessee Treasury Department now owns 713,955 shares of the transportation company’s stock worth $38,368,000 after purchasing an additional 312,863 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Delta Air Lines by 57.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 116,036 shares of the transportation company’s stock worth $6,236,000 after purchasing an additional 42,150 shares in the last quarter. US Bancorp DE raised its holdings in 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 worth $74,262,000 after purchasing an additional 181,027 shares in the last quarter. Hosking Partners LLP raised its holdings in 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 worth $85,567,000 after purchasing an additional 169,097 shares in the last quarter. Finally, Wesbanco Bank Inc. raised its holdings in Delta Air Lines by 2.7% in the second quarter. Wesbanco Bank Inc. now owns 55,360 shares of the transportation company’s stock worth $2,975,000 after purchasing an additional 1,475 shares in the last quarter. Institutional investors and hedge funds own 86.49% of the company’s stock.

Shares of Delta Air Lines, Inc. (DAL) opened at 48.25 on Friday. The stock has a market capitalization of $35.13 billion, a PE ratio of 9.56 and a beta of 1.25. Delta Air Lines, Inc. has a 52-week low of $36.85 and a 52-week high of $55.75. The company’s 50 day moving average price is $48.42 and its 200 day moving average price is $49.15.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results 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 company had revenue of $10.79 billion during the quarter, compared to the consensus estimate of $10.81 billion. Delta Air Lines had a return on equity of 28.33% and a net margin of 9.30%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.47 earnings per share. On average, equities research analysts anticipate that Delta Air Lines, Inc. will post $5.12 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd were given a dividend of $0.305 per share. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.20. This represents a $1.22 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend was Monday, August 21st. Delta Air Lines’s dividend payout ratio is currently 24.25%.

A number of equities analysts have issued reports on the company. Cowen and Company increased their price objective on Delta Air Lines from $58.00 to $66.00 and gave the stock an “outperform” rating in a report on Thursday, July 13th. Evercore ISI reiterated an “outperform” rating and issued a $66.00 price objective on shares of Delta Air Lines in a report on Friday, July 14th. ValuEngine downgraded Delta Air Lines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. Imperial Capital increased their price objective on Delta Air Lines from $52.00 to $54.00 and gave the stock an “in-line” rating in a report on Tuesday, July 11th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $60.00 price objective on shares of Delta Air Lines in a report on Thursday, July 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Delta Air Lines has a consensus rating of “Buy” and an average target price of $61.97.

ILLEGAL ACTIVITY WARNING: This report was first reported by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another site, it was stolen and reposted in violation of international copyright & trademark law. The original version of this report can be read at https://www.dailypolitical.com/2017/09/16/bridgewater-associates-lp-acquires-new-holdings-in-delta-air-lines-inc-dal.html.

In related news, VP Craig M. Meynard sold 5,000 shares of the company’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $55.26, for a total transaction of $276,300.00. Following the transaction, the vice president now directly owns 7,437 shares of the company’s stock, valued at approximately $410,968.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director George N. Mattson bought 6,000 shares of Delta Air Lines stock in a transaction that occurred on Thursday, August 24th. The shares were acquired at an average cost of $45.44 per share, for a total transaction of $272,640.00. Following the completion of the transaction, the director now directly owns 61,510 shares in the company, valued at $2,795,014.40. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 267,000 shares of company stock worth $293,520 and have sold 75,700 shares worth $4,171,150. 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.

Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DAL).

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

Receive News & Ratings for Delta Air Lines Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines Inc. and related companies with MarketBeat.com's FREE daily email newsletter.