Delta Air Lines, Inc. (NYSE:DAL) Shares Bought by Sei Investments Co.

Sei Investments Co. raised its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 98.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 667,373 shares of the transportation company’s stock after buying an additional 331,197 shares during the period. Sei Investments Co. owned about 0.10% of Delta Air Lines worth $31,660,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its position in shares of Delta Air Lines by 220.2% in the 4th quarter. Wellington Management Group LLP now owns 8,600,741 shares of the transportation company’s stock valued at $346,008,000 after purchasing an additional 5,914,301 shares during the period. Capital International Investors boosted its holdings in shares of Delta Air Lines by 8.8% in the fourth quarter. Capital International Investors now owns 20,936,699 shares of the transportation company’s stock worth $842,283,000 after buying an additional 1,689,053 shares during the period. Norges Bank acquired a new position in shares of Delta Air Lines in the fourth quarter worth about $65,056,000. Royal London Asset Management Ltd. increased its position in shares of Delta Air Lines by 27.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 6,467,749 shares of the transportation company’s stock worth $260,198,000 after acquiring an additional 1,376,221 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of Delta Air Lines during the second quarter valued at approximately $60,217,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on DAL. Jefferies Financial Group lowered their price objective 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. TD Cowen reduced their price objective on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Citigroup raised their price objective on Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Finally, Sanford C. Bernstein dropped their target price on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating on the stock in a report on Friday, July 12th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from 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 DAL opened at $47.16 on Tuesday. The firm has a market cap of $30.43 billion, a price-to-earnings ratio of 6.79, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The company’s fifty day moving average is $42.44 and its 200-day moving average is $46.35. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.21. Delta Air Lines, Inc. has a 12 month low of $30.60 and a 12 month high of $53.86.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, July 11th. The transportation company reported $2.36 earnings per share 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 company had revenue of $15.41 billion for the quarter, compared to the consensus estimate of $15.45 billion. During the same quarter last year, the business earned $2.68 earnings per share. Delta Air Lines’s quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts expect that Delta Air Lines, Inc. will post 5.99 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, October 10th. Delta Air Lines’s dividend payout ratio is currently 8.63%.

Insider Buying and Selling

In other Delta Air Lines news, Director Willie Cw Chiang bought 10,000 shares of the 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 acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $878,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.96% of the stock is owned by 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.