Vanguard Personalized Indexing Management LLC Has $3.02 Million Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Vanguard Personalized Indexing Management LLC boosted its stake in Delta Air Lines, Inc. (NYSE:DAL) by 21.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,862 shares of the transportation company’s stock after buying an additional 11,536 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Delta Air Lines were worth $3,017,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of DAL. Wellington Management Group LLP boosted its position in Delta Air Lines by 220.2% in the fourth quarter. Wellington Management Group LLP now owns 8,600,741 shares of the transportation company’s stock valued at $346,008,000 after buying an additional 5,914,301 shares in the last quarter. Capital International Investors raised its stake 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 valued at $842,283,000 after acquiring an additional 1,689,053 shares during the last quarter. Norges Bank acquired a new position in shares of Delta Air Lines in the 4th quarter worth approximately $65,056,000. Royal London Asset Management Ltd. grew its position in Delta Air Lines by 27.0% during the 4th 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 during the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in Delta Air Lines during the 2nd quarter valued at $60,217,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on DAL. Jefferies Financial Group reduced their price objective on Delta Air Lines from $58.00 to $56.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. TD Cowen lowered their price target on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Sanford C. Bernstein dropped their price objective 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. Finally, Citigroup raised their target price on shares of Delta Air Lines from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Delta Air Lines has an average rating of “Buy” and an average target price of $61.52.

Insider Transactions at Delta Air Lines

In other news, Director Willie Cw Chiang bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were acquired 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.96% of the stock is owned by insiders.

Delta Air Lines Price Performance

Shares of DAL stock opened at $47.12 on Friday. The firm has a market capitalization of $30.40 billion, a price-to-earnings ratio of 6.78, a price-to-earnings-growth 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 quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.21. The firm has a fifty day moving average of $42.29 and a 200-day moving average of $46.22.

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 the consensus estimate of $15.45 billion. Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. 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 firm posted $2.68 EPS. On average, equities research analysts forecast that Delta Air Lines, Inc. will post 5.99 earnings per share for the current year.

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.