APG Asset Management N.V. Takes $965,000 Position in Delta Air Lines, Inc. (NYSE:DAL)

APG Asset Management N.V. acquired a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 21,805 shares of the transportation company’s stock, valued at approximately $965,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. AXA S.A. acquired a new stake in shares of Delta Air Lines in the 2nd quarter worth approximately $1,737,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Delta Air Lines during the second quarter worth $180,000. Point72 Hong Kong Ltd acquired a new stake in Delta Air Lines in the second quarter valued at $616,000. Aristeia Capital L.L.C. purchased a new position in shares of Delta Air Lines in the second quarter valued at $579,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Delta Air Lines by 62.4% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 30,928 shares of the transportation company’s stock worth $1,467,000 after buying an additional 11,881 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Delta Air Lines

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

Analyst Upgrades and Downgrades

DAL has been the subject of several recent research reports. Jefferies Financial Group dropped their target price 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. BNP Paribas raised Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. TD Cowen lowered their target price on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Finally, Sanford C. Bernstein cut their price target 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. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $61.52.

Delta Air Lines Price Performance

DAL opened at $50.78 on Tuesday. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $53.86. The company’s 50 day simple moving average is $42.93 and its 200 day simple moving average is $46.60. The stock has a market capitalization of $32.77 billion, a PE ratio of 7.31, a P/E/G ratio of 0.90 and a beta of 1.34. 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 announced its quarterly 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). The company had revenue of $15.41 billion during the quarter, compared to analyst estimates of $15.45 billion. Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.68 EPS. As a group, sell-side analysts expect that Delta Air Lines, Inc. will post 6.18 EPS for the current year.

Delta Air Lines Dividend Announcement

The company 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 annualized dividend and a yield of 1.18%. Delta Air Lines’s dividend 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.