SSI Investment Management Inc. Has $357,000 Position in Delta Air Lines, Inc. (DAL)

SSI Investment Management Inc. decreased its position in Delta Air Lines, Inc. (NYSE:DAL) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,652 shares of the transportation company’s stock after selling 76 shares during the quarter. SSI Investment Management Inc.’s holdings in Delta Air Lines were worth $357,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. State of Tennessee Treasury Department raised its holdings in Delta Air Lines by 78.0% in the second quarter. State of Tennessee Treasury Department now owns 713,955 shares of the transportation company’s stock valued at $38,368,000 after acquiring an additional 312,863 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Delta Air Lines by 57.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 116,036 shares of the transportation company’s stock valued at $6,236,000 after acquiring an additional 42,150 shares in the last quarter. US Bancorp DE raised its holdings in Delta Air Lines by 15.1% in the second quarter. US Bancorp DE now owns 1,381,854 shares of the transportation company’s stock valued at $74,262,000 after acquiring an additional 181,027 shares in the last quarter. Hosking Partners LLP raised its holdings in Delta Air Lines by 10.0% in the first quarter. Hosking Partners LLP now owns 1,861,777 shares of the transportation company’s stock valued at $85,567,000 after acquiring an additional 169,097 shares in the last quarter. Finally, Wesbanco Bank Inc. raised its holdings in Delta Air Lines by 2.7% in the second quarter. Wesbanco Bank Inc. now owns 55,360 shares of the transportation company’s stock valued at $2,975,000 after acquiring an additional 1,475 shares in the last quarter. 86.49% of the stock is currently owned by hedge funds and other institutional investors.

In related news, President Glen W. Hauenstein sold 67,000 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $55.15, for a total transaction of $3,695,050.00. Following the completion of the transaction, the president now owns 239,418 shares in the company, valued at approximately $13,203,902.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Craig M. Meynard sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $55.26, for a total value of $276,300.00. Following the transaction, the vice president now owns 7,437 shares of the company’s stock, valued at approximately $410,968.62. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 267,000 shares of company stock valued at $293,520 and have sold 75,700 shares valued at $4,171,150. 0.37% of the stock is owned by company insiders.

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Several brokerages have commented on DAL. ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 20th. Vetr upgraded shares of 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 note on Tuesday, July 25th. BidaskClub lowered shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Deutsche Bank AG reiterated a “buy” rating and issued a $62.00 price target (up from $58.00) on shares of Delta Air Lines in a research note on Friday, July 14th. Finally, Cowen and Company reiterated a “buy” rating and issued a $60.00 price target on shares of Delta Air Lines in a research note on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. Delta Air Lines currently has a consensus rating of “Buy” and an average price target of $61.97.

Shares of Delta Air Lines, Inc. (NYSE DAL) traded down 0.10% during trading on Friday, hitting $48.22. 2,922,358 shares of the stock were exchanged. The stock has a market cap of $35.10 billion, a PE ratio of 9.56 and a beta of 1.25. Delta Air Lines, Inc. has a one year low of $36.59 and a one year high of $55.75. The stock’s 50 day moving average price is $48.47 and its 200 day moving average price is $49.17.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, July 13th. The transportation company reported $1.64 EPS for the quarter, missing the Zacks’ consensus estimate of $1.66 by ($0.02). Delta Air Lines had a return on equity of 28.33% and a net margin of 9.30%. The firm had revenue of $10.79 billion during the quarter, compared to the consensus estimate of $10.81 billion. During the same quarter in the prior year, the business posted $1.47 EPS. Delta Air Lines’s revenue was up 3.3% compared to the same quarter last year. Equities research analysts predict that Delta Air Lines, Inc. will post $5.12 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd were given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend was Monday, August 21st. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.20. Delta Air Lines’s dividend payout ratio (DPR) is 24.25%.

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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