Skandinaviska Enskilda Banken AB publ Grows Position in Delta Air Lines, Inc. (NYSE:DAL)

Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 3.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,935 shares of the transportation company’s stock after acquiring an additional 1,406 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Delta Air Lines were worth $1,989,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Manchester Capital Management LLC boosted its holdings in shares of Delta Air Lines by 24.7% in the first quarter. Manchester Capital Management LLC now owns 983 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 195 shares during the period. HBK Sorce Advisory LLC grew its position in shares of Delta Air Lines by 4.0% during the 1st quarter. HBK Sorce Advisory LLC now owns 5,772 shares of the transportation company’s stock worth $276,000 after buying an additional 221 shares in the last quarter. Silverlake Wealth Management LLC increased its stake in shares of Delta Air Lines by 2.9% during the first quarter. Silverlake Wealth Management LLC now owns 8,145 shares of the transportation company’s stock valued at $390,000 after buying an additional 229 shares during the period. Lindbrook Capital LLC raised its holdings in shares of Delta Air Lines by 7.2% in the first quarter. Lindbrook Capital LLC now owns 3,472 shares of the transportation company’s stock valued at $166,000 after acquiring an additional 233 shares in the last quarter. Finally, Norden Group LLC lifted its stake in Delta Air Lines by 1.8% in the first quarter. Norden Group LLC now owns 14,006 shares of the transportation company’s stock worth $670,000 after acquiring an additional 243 shares during the period. 69.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DAL shares. Jefferies Financial Group reduced their price target on shares of Delta Air Lines from $58.00 to $56.00 and set a “buy” rating for the company in a report on Friday, June 28th. Sanford C. Bernstein lowered their target price on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating for the company in a report on Friday, July 12th. Citigroup lifted their price target on Delta Air Lines from $55.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Finally, TD Cowen decreased 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. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $61.52.

Delta Air Lines Trading Up 0.5 %

NYSE:DAL opened at $47.16 on Tuesday. The company has a market capitalization of $30.43 billion, a P/E ratio of 6.79, a PEG ratio of 0.89 and a beta of 1.34. The company has a current ratio of 0.40, a quick ratio of 0.35 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. The firm has a fifty day simple moving average of $42.44 and a 200-day simple moving average of $46.35.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, July 11th. The transportation company reported $2.36 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.01). The firm 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 revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.68 EPS. On average, equities research analysts anticipate that Delta Air Lines, Inc. will post 5.99 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The firm also recently disclosed 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. This represents a $0.60 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, October 10th. Delta Air Lines’s payout ratio is 8.63%.

Insider Activity

In other Delta Air Lines news, Director Willie Cw Chiang bought 10,000 shares of Delta Air Lines stock in a transaction that occurred on Friday, July 12th. The stock was purchased at an average price of $43.90 per share, with a total value of $439,000.00. Following the completion of the acquisition, the director now directly owns 20,000 shares in the company, valued at approximately $878,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.96% of the company’s stock.

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 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.