Tredje AP fonden increased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 11.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,770 shares of the transportation company’s stock after purchasing an additional 6,760 shares during the quarter. Tredje AP fonden’s holdings in Delta Air Lines were worth $3,268,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DAL. Roundview Capital LLC lifted its holdings in Delta Air Lines by 0.3% during the 2nd quarter. Roundview Capital LLC now owns 5,115 shares of the transportation company’s stock worth $275,000 after buying an additional 15 shares during the last quarter. Traynor Capital Management Inc. lifted its holdings in Delta Air Lines by 1.2% during the 2nd quarter. Traynor Capital Management Inc. now owns 4,911 shares of the transportation company’s stock worth $246,000 after buying an additional 58 shares during the last quarter. MUFG Securities EMEA plc lifted its holdings in Delta Air Lines by 1.2% during the 2nd quarter. MUFG Securities EMEA plc now owns 5,307 shares of the transportation company’s stock worth $285,000 after buying an additional 65 shares during the last quarter. Advisory Services Network LLC lifted its holdings in Delta Air Lines by 3.0% during the 2nd quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock worth $137,000 after buying an additional 75 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT lifted its holdings in Delta Air Lines by 0.3% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 44,398 shares of the transportation company’s stock worth $2,386,000 after buying an additional 125 shares during the last quarter. 85.24% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the company. ValuEngine raised Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Friday. Vetr downgraded Delta Air Lines from a “sell” rating to a “strong sell” rating and set a $45.16 price target for the company. in a report on Wednesday, November 29th. Zacks Investment Research raised Delta Air Lines from a “sell” rating to a “hold” rating in a report on Friday, November 10th. J P Morgan Chase & Co lifted their price target on Delta Air Lines from $63.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Finally, Cowen lifted their price target on Delta Air Lines from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, one has given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Delta Air Lines has a consensus rating of “Buy” and a consensus target price of $63.39.

In related news, insider Steven M. Sear sold 6,898 shares of the business’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $53.01, for a total value of $365,662.98. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Edward H. Bastian sold 20,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $52.79, for a total value of $1,055,800.00. The disclosure for this sale can be found here. Insiders sold a total of 239,810 shares of company stock valued at $12,684,903 over the last three months. Company insiders own 0.37% of the company’s stock.

Shares of Delta Air Lines, Inc. (NYSE:DAL) opened at $52.91 on Tuesday. Delta Air Lines, Inc. has a fifty-two week low of $43.81 and a fifty-two week high of $55.75. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.43 and a quick ratio of 0.36. The firm has a market capitalization of $37,117.38, a PE ratio of 10.85, a PEG ratio of 1.58 and a beta of 1.29.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be issued a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, November 16th. Delta Air Lines’s payout ratio is currently 24.50%.

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Delta Air Lines Profile

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.

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

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