Victory Capital Management Inc. lifted its stake in Delta Air Lines, Inc. (NYSE:DAL) by 15.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,951 shares of the transportation company’s stock after acquiring an additional 5,791 shares during the quarter. Victory Capital Management Inc.’s holdings in Delta Air Lines were worth $2,071,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mutual of America Capital Management LLC increased its position in Delta Air Lines by 68.0% during the third quarter. Mutual of America Capital Management LLC now owns 151,376 shares of the transportation company’s stock worth $7,299,000 after buying an additional 61,298 shares during the last quarter. State of Tennessee Treasury Department increased its position in Delta Air Lines by 78.0% during the second quarter. State of Tennessee Treasury Department now owns 713,955 shares of the transportation company’s stock worth $38,368,000 after buying an additional 312,863 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Delta Air Lines by 57.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 116,036 shares of the transportation company’s stock worth $6,236,000 after buying an additional 42,150 shares during the last quarter. US Bancorp DE increased its position in Delta Air Lines by 15.1% during the second quarter. US Bancorp DE now owns 1,381,854 shares of the transportation company’s stock worth $74,262,000 after buying an additional 181,027 shares during the last quarter. Finally, Wesbanco Bank Inc. increased its position in Delta Air Lines by 2.7% during the second quarter. Wesbanco Bank Inc. now owns 55,360 shares of the transportation company’s stock worth $2,975,000 after buying an additional 1,475 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Shares of Delta Air Lines, Inc. (DAL) opened at $49.82 on Monday. The firm has a market cap of $35,520.00, a P/E ratio of 10.38, a PEG ratio of 1.51 and a beta of 1.28. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.43. Delta Air Lines, Inc. has a fifty-two week low of $43.81 and a fifty-two week high of $55.75.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.04. The business had revenue of $11.06 billion during the quarter, compared to analyst estimates of $11.03 billion. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. Delta Air Lines’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.70 earnings per share. equities research analysts forecast that Delta Air Lines, Inc. will post 5 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Thursday, November 16th. Delta Air Lines’s dividend payout ratio is currently 24.45%.

In related news, EVP Joanne D. Smith sold 33,863 shares of the firm’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $53.61, for a total value of $1,815,395.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Edward H. Bastian sold 159,240 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $53.06, for a total transaction of $8,449,274.40. The disclosure for this sale can be found here. In the last three months, insiders sold 200,001 shares of company stock valued at $10,630,333. 0.37% of the stock is currently owned by company insiders.

DAL has been the topic of several research analyst reports. Vetr raised Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $57.50 price target on the stock in a research report on Tuesday, July 25th. BidaskClub downgraded Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. UBS AG reiterated a “buy” rating and issued a $62.00 target price (down previously from $65.00) on shares of Delta Air Lines in a research note on Saturday, September 30th. Zacks Investment Research cut shares of Delta Air Lines from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 20th. Finally, J P Morgan Chase & Co increased their target price on shares of Delta Air Lines from $63.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Delta Air Lines currently has an average rating of “Buy” and a consensus price target of $63.39.

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About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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