New York State Common Retirement Fund cut its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 5.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,030,125 shares of the transportation company’s stock after selling 108,744 shares during the quarter. New York State Common Retirement Fund owned about 0.28% of Delta Air Lines worth $109,099,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. raised its stake in shares of Delta Air Lines by 2,951.4% in the first quarter. BlackRock Inc. now owns 45,260,856 shares of the transportation company’s stock valued at $2,080,189,000 after purchasing an additional 43,777,555 shares in the last quarter. Lansdowne Partners UK LLP raised its stake in shares of Delta Air Lines by 7.3% in the first quarter. Lansdowne Partners UK LLP now owns 28,103,972 shares of the transportation company’s stock valued at $1,291,656,000 after purchasing an additional 1,918,036 shares in the last quarter. Primecap Management Co. CA raised its stake in shares of Delta Air Lines by 9.3% in the first quarter. Primecap Management Co. CA now owns 22,713,894 shares of the transportation company’s stock valued at $1,043,931,000 after purchasing an additional 1,930,614 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Delta Air Lines by 15.8% in the first quarter. AQR Capital Management LLC now owns 9,571,378 shares of the transportation company’s stock valued at $439,900,000 after purchasing an additional 1,308,115 shares in the last quarter. Finally, Boston Partners raised its stake in shares of Delta Air Lines by 2.5% in the second quarter. Boston Partners now owns 7,774,829 shares of the transportation company’s stock valued at $417,820,000 after purchasing an additional 190,531 shares in the last quarter. Institutional investors own 86.26% of the company’s stock.

In other news, EVP Joanne D. Smith sold 3,700 shares of the business’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $54.00, for a total transaction of $199,800.00. Following the completion of the transaction, the executive vice president now owns 77,223 shares of the company’s stock, valued at approximately $4,170,042. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director George N. Mattson purchased 6,000 shares of the stock in a transaction dated Thursday, August 24th. The shares were acquired at an average cost 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 disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 191,000 shares of company stock valued at $287,440 and sold 75,700 shares valued at $4,171,150. 0.37% of the stock is owned by insiders.

A number of research analysts recently commented on the company. BidaskClub upgraded Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Vetr lowered Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $55.68 target price for the company. in a research note on Thursday, June 1st. Atlantic Securities assumed coverage on Delta Air Lines in a research note on Tuesday, June 20th. They issued an “overweight” rating and a $68.00 target price for the company. Barclays PLC assumed coverage on Delta Air Lines in a research note on Thursday, August 10th. They issued an “overweight” rating and a $70.00 target price for the company. Finally, Stifel Nicolaus restated a “buy” rating on shares of Delta Air Lines in a research note on Friday, May 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $61.97.

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Shares of Delta Air Lines, Inc. (NYSE:DAL) traded up 0.98% during mid-day trading on Tuesday, hitting $48.43. The stock had a trading volume of 1,444,181 shares. The firm has a market cap of $35.26 billion, a PE ratio of 9.60 and a beta of 1.25. The stock has a 50 day moving average price of $48.35 and a 200 day moving average price of $49.12. Delta Air Lines, Inc. has a 52 week low of $37.41 and a 52 week high of $55.75.

Delta Air Lines (NYSE:DAL) last announced 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%. Delta Air Lines’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.47 earnings per share. Equities research analysts expect that Delta Air Lines, Inc. will post $5.12 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Wednesday, August 23rd were issued a $0.305 dividend. The ex-dividend date of this dividend was Monday, August 21st. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.20. This represents a $1.22 annualized dividend and a yield of 2.54%. Delta Air Lines’s payout ratio is currently 24.25%.

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.

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

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