Axa reduced its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 26.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 93,452 shares of the transportation company’s stock after selling 33,740 shares during the quarter. Axa’s holdings in Delta Air Lines were worth $5,022,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in Delta Air Lines by 2,951.4% during the 1st quarter. BlackRock Inc. now owns 45,260,856 shares of the transportation company’s stock worth $2,080,189,000 after purchasing an additional 43,777,555 shares during the last quarter. Winslow Capital Management LLC increased its holdings in Delta Air Lines by 5,815,030.8% during the 1st quarter. Winslow Capital Management LLC now owns 4,535,802 shares of the transportation company’s stock worth $208,465,000 after purchasing an additional 4,535,724 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Delta Air Lines by 85.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,039,445 shares of the transportation company’s stock worth $323,542,000 after purchasing an additional 3,245,791 shares during the last quarter. Sound Shore Management Inc. CT purchased a new stake in Delta Air Lines during the 2nd quarter worth approximately $158,224,000. Finally, Primecap Management Co. CA increased its holdings in Delta Air Lines by 9.3% during the 1st quarter. Primecap Management Co. CA now owns 22,713,894 shares of the transportation company’s stock worth $1,043,931,000 after purchasing an additional 1,930,614 shares during the last quarter. Institutional investors and hedge funds own 86.49% of the company’s stock.

Several research firms have issued reports on DAL. Barclays PLC began coverage on Delta Air Lines in a report on Thursday, August 10th. They set an “overweight” rating and a $70.00 price objective on the stock. BidaskClub downgraded Delta Air Lines from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Morgan Stanley restated an “overweight” rating on shares of Delta Air Lines in a report on Tuesday, September 12th. Wolfe Research upgraded Delta Air Lines from a “market perform” rating to an “outperform” rating in a report on Friday, August 18th. They noted that the move was a valuation call. Finally, Vetr downgraded Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $55.68 price objective on the stock. in a report on Thursday, June 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. Delta Air Lines currently has a consensus rating of “Buy” and an average target price of $61.97.

In other news, Director George N. Mattson purchased 6,000 shares of the business’s stock in a transaction on Thursday, August 24th. The stock was purchased at an average price of $45.44 per share, with a total value of $272,640.00. Following the acquisition, the director now directly owns 61,510 shares in the company, valued at approximately $2,795,014.40. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Joanne D. Smith sold 3,700 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $54.00, for a total value of $199,800.00. Following the completion of the transaction, the executive vice president now directly owns 77,223 shares of the company’s stock, valued at approximately $4,170,042. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 267,000 shares of company stock valued at $293,520 and sold 75,700 shares valued at $4,171,150. Corporate insiders own 0.37% of the company’s stock.

Delta Air Lines, Inc. (NYSE DAL) opened at 48.25 on Friday. The firm has a market cap of $35.13 billion, a price-to-earnings 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 posted its quarterly earnings results on Thursday, July 13th. The transportation company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.02). The firm 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 company’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the company earned $1.47 EPS. Analysts predict that Delta Air Lines, Inc. will post $5.12 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Wednesday, August 23rd were issued a $0.305 dividend. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, August 21st. This represents a $1.22 annualized dividend and a yield of 2.53%. Delta Air Lines’s dividend payout ratio is 24.25%.

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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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