Baker Ellis Asset Management LLC acquired a new position in Delta Air Lines, Inc. (NYSE:DAL) during the second quarter, HoldingsChannel reports. The institutional investor acquired 3,285 shares of the transportation company’s stock, valued at approximately $163,000.

A number of other institutional investors have also recently bought and sold shares of DAL. Wagner Wealth Management LLC grew its stake in Delta Air Lines by 375.0% in the 1st quarter. Wagner Wealth Management LLC now owns 1,900 shares of the transportation company’s stock worth $104,000 after acquiring an additional 1,500 shares in the last quarter. Fortis Advisors LLC grew its stake in Delta Air Lines by 99.1% in the 1st quarter. Fortis Advisors LLC now owns 2,389 shares of the transportation company’s stock worth $131,000 after acquiring an additional 1,189 shares in the last quarter. Huntington National Bank grew its stake in Delta Air Lines by 73.8% in the 2nd quarter. Huntington National Bank now owns 2,701 shares of the transportation company’s stock worth $134,000 after acquiring an additional 1,147 shares in the last quarter. Nvwm LLC grew its stake in Delta Air Lines by 558.5% in the 1st quarter. Nvwm LLC now owns 2,700 shares of the transportation company’s stock worth $140,000 after acquiring an additional 2,290 shares in the last quarter. Finally, Summit Trail Advisors LLC grew its stake in Delta Air Lines by 4,836.6% in the 1st quarter. Summit Trail Advisors LLC now owns 142,667 shares of the transportation company’s stock worth $143,000 after acquiring an additional 139,777 shares in the last quarter. 87.29% of the stock is currently owned by institutional investors.

NYSE DAL opened at $56.86 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.31 and a current ratio of 0.40. Delta Air Lines, Inc. has a 52-week low of $46.89 and a 52-week high of $60.79. The company has a market cap of $39.02 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 0.50 and a beta of 1.06.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, July 12th. The transportation company reported $1.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.05. Delta Air Lines had a net margin of 7.72% and a return on equity of 26.75%. The firm had revenue of $11.78 billion for the quarter, compared to the consensus estimate of $11.73 billion. During the same period last year, the firm earned $1.64 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. equities analysts predict that Delta Air Lines, Inc. will post 5.59 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 16th. Stockholders of record on Thursday, July 26th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, July 25th. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.31. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.46%. Delta Air Lines’s dividend payout ratio (DPR) is currently 28.40%.

In other news, Director William H. Easter III sold 3,000 shares of the stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $58.47, for a total transaction of $175,410.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Craig M. Meynard sold 1,793 shares of the stock in a transaction that occurred on Friday, July 27th. The shares were sold at an average price of $54.31, for a total transaction of $97,377.83. Following the transaction, the vice president now owns 7,170 shares in the company, valued at $389,402.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 117,787 shares of company stock worth $6,276,276. Insiders own 0.33% of the company’s stock.

A number of brokerages have commented on DAL. ValuEngine upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Tuesday. Imperial Capital upped their target price on shares of Delta Air Lines from $65.00 to $71.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 22nd. Buckingham Research upped their target price on shares of Delta Air Lines from $64.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday. Cfra restated a “buy” rating and issued a $70.00 target price on shares of Delta Air Lines in a research note on Monday, June 18th. Finally, Zacks Investment Research downgraded shares of Delta Air Lines from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $66.61.

About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its route network is centered on a system of hubs, international gateways, and airports 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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