Mutual of America Capital Management LLC Sells 2,572 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Mutual of America Capital Management LLC cut its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 3.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,413 shares of the transportation company’s stock after selling 2,572 shares during the period. Mutual of America Capital Management LLC’s holdings in Delta Air Lines were worth $3,862,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Delta Air Lines

In other news, Director Willie Cw Chiang purchased 10,000 shares of the company’s stock in a transaction on Friday, July 12th. The shares were purchased at an average price of $43.90 per share, with a total value of $439,000.00. Following the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $878,000. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DAL. Citigroup increased their price objective on Delta Air Lines from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. TD Cowen decreased their price objective on 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. Jefferies Financial Group decreased their price objective on 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. Finally, Sanford C. Bernstein decreased their price objective on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating on the stock in a research report on Friday, July 12th. 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’s stock. According to MarketBeat, Delta Air Lines currently has an average rating of “Buy” and an average price target of $61.52.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock opened at $46.94 on Monday. The company has a market capitalization of $30.29 billion, a PE ratio of 6.75, a PEG ratio of 0.89 and a beta of 1.34. Delta Air Lines, Inc. has a 12 month low of $30.60 and a 12 month high of $53.86. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. The stock’s fifty day simple moving average is $42.36 and its 200 day simple moving average is $46.32.

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

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, October 10th. Delta Air Lines’s payout ratio is presently 8.63%.

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 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.