Tredje AP fonden Has $1.20 Million Stake in Delta Air Lines, Inc. (NYSE:DAL)

Tredje AP fonden reduced its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 1.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,292 shares of the transportation company’s stock after selling 395 shares during the quarter. Tredje AP fonden’s holdings in Delta Air Lines were worth $1,200,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in Delta Air Lines during the 4th quarter worth approximately $65,056,000. Coldstream Capital Management Inc. raised its holdings in shares of Delta Air Lines by 2.5% during the fourth quarter. Coldstream Capital Management Inc. now owns 12,240 shares of the transportation company’s stock worth $492,000 after acquiring an additional 304 shares during the period. Wells Fargo & Company MN lifted 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 acquiring an additional 73,936 shares in the last quarter. D.A. Davidson & CO. boosted its stake 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 worth $994,000 after purchasing an additional 1,509 shares during the period. Finally, Assetmark Inc. increased its holdings in Delta Air Lines by 94.3% during the 4th quarter. Assetmark Inc. now owns 1,397 shares of the transportation company’s stock worth $56,000 after purchasing an additional 678 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Trading Down 0.4 %

DAL stock opened at $46.93 on Friday. The stock has a market cap of $30.28 billion, a price-to-earnings ratio of 6.75, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The company has a fifty day moving average price of $42.36 and a two-hundred day moving average price of $46.25. Delta Air Lines, Inc. has a one year low of $30.60 and a one year high of $53.86. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.40 and a quick ratio of 0.35.

Delta Air Lines (NYSE:DAL) last announced its earnings results 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 company had revenue of $15.41 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm posted $2.68 EPS. Equities analysts anticipate that Delta Air Lines, Inc. will post 5.99 EPS for the current year.

Delta Air Lines Announces Dividend

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

Insider Buying and Selling

In other news, Director Willie Cw Chiang acquired 10,000 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were purchased at an average cost of $43.90 per share, with a total value of $439,000.00. Following the acquisition, the director now directly owns 20,000 shares in the company, valued at approximately $878,000. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.96% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DAL. Sanford C. Bernstein reduced their price objective on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating for the company in a research report on Friday, July 12th. Jefferies Financial Group decreased 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 research note on Friday, June 28th. Citigroup boosted their price objective on shares of 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, TD Cowen decreased their target price on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Delta Air Lines presently has a consensus rating of “Buy” and a consensus price target of $61.52.

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.