Miller Value Partners LLC decreased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 0.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,552,975 shares of the transportation company’s stock after selling 8,725 shares during the period. Delta Air Lines comprises 2.9% of Miller Value Partners LLC’s portfolio, making the stock its 8th biggest position. Miller Value Partners LLC’s holdings in Delta Air Lines were worth $76,934,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. grew its stake in shares of Delta Air Lines by 19.5% during the first quarter. Victory Capital Management Inc. now owns 55,396 shares of the transportation company’s stock valued at $3,036,000 after purchasing an additional 9,024 shares during the last quarter. KCM Investment Advisors LLC bought a new stake in shares of Delta Air Lines during the first quarter valued at approximately $533,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of Delta Air Lines by 22.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 58,210 shares of the transportation company’s stock valued at $3,190,000 after purchasing an additional 10,719 shares during the last quarter. Ceredex Value Advisors LLC bought a new stake in shares of Delta Air Lines during the first quarter valued at approximately $42,224,000. Finally, Pegasus Partners Ltd. grew its stake in shares of Delta Air Lines by 16.9% during the first quarter. Pegasus Partners Ltd. now owns 27,226 shares of the transportation company’s stock valued at $1,492,000 after purchasing an additional 3,928 shares during the last quarter. 87.30% of the stock is owned by institutional investors.

Several analysts have recently commented on DAL shares. ValuEngine raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Thursday, May 24th. Imperial Capital increased their price target on shares of Delta Air Lines from $68.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, June 1st. Citigroup decreased their price target on shares of Delta Air Lines from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, June 7th. Buckingham Research decreased their price target on shares of Delta Air Lines from $76.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, June 7th. Finally, Deutsche Bank decreased their price target on shares of Delta Air Lines from $73.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, June 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Delta Air Lines presently has a consensus rating of “Buy” and an average target price of $66.61.

In other Delta Air Lines news, CEO Edward H. Bastian sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $55.00, for a total value of $1,925,000.00. Following the transaction, the chief executive officer now directly owns 266,943 shares of the company’s stock, valued at $14,681,865. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William H. Easter III sold 3,000 shares of Delta Air Lines stock in a transaction on Friday, August 31st. The stock was sold at an average price of $58.47, for a total transaction of $175,410.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 117,787 shares of company stock worth $6,276,276. Insiders own 0.33% of the company’s stock.

Shares of DAL stock opened at $57.93 on Monday. Delta Air Lines, Inc. has a 52-week low of $47.12 and a 52-week high of $60.79. The company has a market capitalization of $39.68 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 0.51 and a beta of 1.06. The company has a current ratio of 0.40, a quick ratio of 0.31 and a debt-to-equity ratio of 0.67.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, July 12th. The transportation company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.05. Delta Air Lines had a net margin of 7.72% and a return on equity of 26.75%. The firm had revenue of $11.78 billion for the quarter, compared to analysts’ expectations of $11.73 billion. During the same period last year, the firm earned $1.64 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. equities analysts anticipate that Delta Air Lines, Inc. will post 5.59 earnings per share for the current year.

About Delta Air Lines

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 route network is centered on a system of hubs, international gateways, and airports 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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