Interval Partners LP Has $8.62 Million Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Interval Partners LP lowered its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 64.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 181,673 shares of the transportation company’s stock after selling 329,094 shares during the period. Interval Partners LP’s holdings in Delta Air Lines were worth $8,619,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of DAL. Norges Bank bought a new position in Delta Air Lines in the 4th quarter valued at approximately $65,056,000. Wells Fargo & Company MN raised its stake in shares of Delta Air Lines by 7.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,127,607 shares of the transportation company’s stock valued at $45,364,000 after acquiring an additional 73,936 shares during the last quarter. D.A. Davidson & CO. grew its stake in shares of Delta Air Lines by 6.5% in the fourth quarter. D.A. Davidson & CO. now owns 24,702 shares of the transportation company’s stock worth $994,000 after purchasing an additional 1,509 shares during the last quarter. Assetmark Inc. increased its holdings in Delta Air Lines by 94.3% in the fourth quarter. Assetmark Inc. now owns 1,397 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 678 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its position in Delta Air Lines by 5.1% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 220,040 shares of the transportation company’s stock worth $8,852,000 after purchasing an additional 10,586 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Stock Down 0.4 %

Shares of NYSE:DAL opened at $46.94 on Monday. 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, Inc. has a 52-week low of $30.60 and a 52-week high of $53.86. The business’s 50 day simple moving average is $42.36 and its two-hundred day simple moving average is $46.32. The firm has a market cap of $30.29 billion, a P/E ratio of 6.75, a PEG ratio of 0.89 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, July 11th. The transportation company reported $2.36 earnings per share (EPS) for the quarter, missing the consensus estimate 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 previous year, the business posted $2.68 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, research analysts forecast that Delta Air Lines, Inc. will post 5.99 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.28%. Delta Air Lines’s dividend payout ratio (DPR) is currently 8.63%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DAL shares. Citigroup increased their price target on Delta Air Lines from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. TD Cowen dropped their price target on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Sanford C. Bernstein lowered their target price on shares of Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating for the company in a research note on Friday, July 12th. Finally, Jefferies Financial Group cut their price target on shares of Delta Air Lines from $58.00 to $56.00 and set a “buy” rating on the stock in a research report on Friday, June 28th. One 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 MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $61.52.

Insider Transactions at Delta Air Lines

In other news, Director Willie Cw Chiang acquired 10,000 shares of Delta Air Lines stock in a transaction on Friday, July 12th. The stock was acquired at an average cost of $43.90 per share, with a total value of $439,000.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $878,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.96% of the company’s stock.

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.