Stelliam Investment Management LP lowered its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 28.4% in the second quarter, Holdings Channel reports. The fund owned 1,800,000 shares of the transportation company’s stock after selling 712,500 shares during the period. Delta Air Lines makes up 4.1% of Stelliam Investment Management LP’s portfolio, making the stock its 5th largest position. Stelliam Investment Management LP’s holdings in Delta Air Lines were worth $89,172,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in DAL. BlackRock Inc. raised its stake in shares of Delta Air Lines by 2.4% during the 2nd quarter. BlackRock Inc. now owns 35,660,948 shares of the transportation company’s stock worth $1,766,644,000 after purchasing an additional 825,244 shares in the last quarter. Lansdowne Partners UK LLP raised its stake in shares of Delta Air Lines by 9.6% during the 2nd quarter. Lansdowne Partners UK LLP now owns 28,130,139 shares of the transportation company’s stock worth $1,393,561,000 after purchasing an additional 2,462,310 shares in the last quarter. Boston Partners raised its stake in shares of Delta Air Lines by 5.2% during the 2nd quarter. Boston Partners now owns 12,399,764 shares of the transportation company’s stock worth $614,285,000 after purchasing an additional 608,231 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Delta Air Lines by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,801,731 shares of the transportation company’s stock worth $427,613,000 after purchasing an additional 22,535 shares in the last quarter. Finally, LSV Asset Management raised its stake in shares of Delta Air Lines by 3.9% during the 2nd quarter. LSV Asset Management now owns 4,387,085 shares of the transportation company’s stock worth $217,336,000 after purchasing an additional 164,122 shares in the last quarter. 87.30% of the stock is owned by hedge funds and other institutional investors.

DAL opened at $57.86 on Thursday. Delta Air Lines, Inc. has a 1-year low of $47.12 and a 1-year high of $60.79. The company has a current ratio of 0.40, a quick ratio of 0.31 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $40.28 billion, a P/E ratio of 11.74, a price-to-earnings-growth ratio of 0.52 and a beta of 1.06.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 16th. Investors of record on Thursday, July 26th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Wednesday, July 25th. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.31. Delta Air Lines’s dividend payout ratio is 28.40%.

In other Delta Air Lines news, Director William H. Easter III sold 3,000 shares of the company’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $58.47, for a total value of $175,410.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Craig M. Meynard sold 1,793 shares of the company’s stock in a transaction on Friday, July 27th. The shares were sold at an average price of $54.31, for a total value of $97,377.83. Following the completion of the transaction, the vice president now directly owns 7,170 shares in the company, valued at $389,402.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 117,787 shares of company stock worth $6,276,276. 0.33% of the stock is owned by company insiders.

A number of brokerages have recently issued reports on DAL. ValuEngine upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Imperial Capital upped their price objective on 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 price objective on Delta Air Lines from $64.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, September 7th. Cfra reiterated a “buy” rating and set a $70.00 price objective on shares of Delta Air Lines in a research note on Monday, June 18th. Finally, Zacks Investment Research cut 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 given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $66.61.

Delta Air Lines Profile

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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