Mercer Global Advisors Inc. ADV Acquires 3,523 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Mercer Global Advisors Inc. ADV grew its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 10.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,439 shares of the transportation company’s stock after acquiring an additional 3,523 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Delta Air Lines were worth $1,729,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of DAL. Wellington Management Group LLP boosted its stake in shares of 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 worth $346,008,000 after acquiring an additional 5,914,301 shares during the period. Capital International Investors grew its holdings in Delta Air Lines by 8.8% during the 4th quarter. Capital International Investors now owns 20,936,699 shares of the transportation company’s stock valued at $842,283,000 after buying an additional 1,689,053 shares in the last quarter. Norges Bank bought a new stake in shares of Delta Air Lines during the fourth quarter valued at approximately $65,056,000. Royal London Asset Management Ltd. lifted its holdings 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 buying an additional 1,376,221 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in shares of Delta Air Lines during the second quarter worth $60,217,000. 69.93% of the stock is owned by institutional investors.

Insider Transactions at Delta Air Lines

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

Delta Air Lines Stock Up 0.5 %

NYSE:DAL opened at $47.16 on Tuesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.40 and a quick ratio of 0.35. The firm has a market cap of $30.43 billion, a PE ratio of 6.79, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The company has a 50-day moving average of $42.44 and a 200 day moving average of $46.35. Delta Air Lines, Inc. has a 1-year low of $30.60 and a 1-year high of $53.86.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.01). The business had revenue of $15.41 billion for the quarter, compared to analysts’ expectations 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 business earned $2.68 earnings per share. As a group, research analysts anticipate that Delta Air Lines, Inc. will post 5.99 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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.