Bokf Na Acquires 9,825 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Bokf Na raised its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 432.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,099 shares of the transportation company’s stock after buying an additional 9,825 shares during the period. Bokf Na’s holdings in Delta Air Lines were worth $574,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Forsta AP Fonden raised its stake in Delta Air Lines by 217.7% in the second quarter. Forsta AP Fonden now owns 30,500 shares of the transportation company’s stock valued at $1,447,000 after buying an additional 20,900 shares during the period. Jupiter Asset Management Ltd. bought a new position in shares of Delta Air Lines during the second quarter worth approximately $60,217,000. American Century Companies Inc. increased its stake in shares of Delta Air Lines by 159.8% during the second quarter. American Century Companies Inc. now owns 588,436 shares of the transportation company’s stock worth $27,915,000 after purchasing an additional 361,942 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Delta Air Lines by 17.2% during the second quarter. Daiwa Securities Group Inc. now owns 37,266 shares of the transportation company’s stock worth $1,768,000 after purchasing an additional 5,468 shares during the period. Finally, Choreo LLC bought a new position in shares of Delta Air Lines during the second quarter worth approximately $776,000. Institutional investors own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

DAL has been the topic of a number of recent research reports. Citigroup increased their target price on Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Sanford C. Bernstein lowered their target price on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating on the stock in a research note on Friday, July 12th. TD Cowen lowered their price objective on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Finally, Jefferies Financial Group lowered their price objective on Delta Air Lines from $58.00 to $56.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Delta Air Lines currently has a consensus rating of “Buy” and an average price target of $61.52.

Delta Air Lines Trading Up 2.1 %

Shares of DAL stock opened at $45.18 on Monday. The stock’s fifty day moving average price is $42.27 and its two-hundred day moving average price is $46.15. The company has a market cap of $29.16 billion, a PE ratio of 6.50, a P/E/G ratio of 0.89 and a beta of 1.34. Delta Air Lines, Inc. has a fifty-two week low of $30.60 and a fifty-two week high of $53.86. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.40.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, July 11th. The transportation company reported $2.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.01). Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The business had revenue of $15.41 billion during the quarter, compared to analyst estimates of $15.45 billion. During the same period in the prior year, the business posted $2.68 EPS. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities analysts predict that Delta Air Lines, Inc. will post 5.99 EPS for the current fiscal year.

Delta Air Lines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, July 30th were issued a dividend of $0.15 per share. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, July 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.33%. Delta Air Lines’s dividend payout ratio (DPR) is 8.63%.

Insider Activity at Delta Air Lines

In other news, Director Willie Cw Chiang acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were bought at an average price of $43.90 per share, with a total value of $439,000.00. Following the acquisition, the director now directly owns 20,000 shares in the company, valued at approximately $878,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.96% of the stock is currently owned by company insiders.

Delta Air Lines Company 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 domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.