Delta Air Lines, Inc. (DAL) Shares Bought by Maverick Capital Ltd.

Maverick Capital Ltd. increased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 140.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,600 shares of the transportation company’s stock after buying an additional 19,050 shares during the quarter. Maverick Capital Ltd.’s holdings in Delta Air Lines were worth $1,752,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of DAL. Aberdeen Asset Management PLC UK grew its holdings in shares of Delta Air Lines by 2.8% during the first quarter. Aberdeen Asset Management PLC UK now owns 801,318 shares of the transportation company’s stock valued at $36,829,000 after buying an additional 22,019 shares in the last quarter. Coronation Fund Managers Ltd. grew its holdings in shares of Delta Air Lines by 38.6% during the first quarter. Coronation Fund Managers Ltd. now owns 84,680 shares of the transportation company’s stock valued at $3,892,000 after buying an additional 23,563 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its holdings in shares of Delta Air Lines by 113.7% during the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 159,503 shares of the transportation company’s stock valued at $7,353,000 after buying an additional 84,860 shares in the last quarter. NN Investment Partners Holdings N.V. grew its holdings in shares of Delta Air Lines by 130.8% during the first quarter. NN Investment Partners Holdings N.V. now owns 443,432 shares of the transportation company’s stock valued at $20,381,000 after buying an additional 251,316 shares in the last quarter. Finally, Monetta Financial Services Inc. purchased a new position in shares of Delta Air Lines during the first quarter valued at $1,034,000. Institutional investors and hedge funds own 86.26% of the company’s stock.

A number of research firms recently issued reports on DAL. ValuEngine cut Delta Air Lines from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Bank of America Corporation lifted their price objective on Delta Air Lines from $64.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, June 30th. Deutsche Bank AG reissued a “buy” rating and set a $62.00 price objective (up previously from $58.00) on shares of Delta Air Lines in a research report on Friday, July 14th. Stifel Nicolaus reissued a “buy” rating and set a $80.00 price objective (up previously from $75.00) on shares of Delta Air Lines in a research report on Friday, July 14th. Finally, Vetr raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $56.43 price objective for the company in a research report on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, one has given a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $61.91.

In other Delta Air Lines news, EVP Joanne D. Smith sold 3,700 shares of Delta Air Lines stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $54.00, for a total value of $199,800.00. Following the completion of the sale, the executive vice president now directly owns 77,223 shares of the company’s stock, valued at $4,170,042. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director George N. Mattson purchased 6,000 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was bought at an average cost of $45.44 per share, with a total value of $272,640.00. Following the completion of the purchase, the director now owns 61,510 shares of the company’s stock, valued at approximately $2,795,014.40. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 141,000 shares of company stock valued at $283,440 and sold 75,700 shares valued at $4,171,150. Insiders own 0.37% of the company’s stock.

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Shares of Delta Air Lines, Inc. (DAL) traded up 0.64% during mid-day trading on Friday, hitting $52.01. The company’s stock had a trading volume of 6,735,370 shares. The company has a 50-day moving average price of $48.09 and a 200-day moving average price of $49.25. Delta Air Lines, Inc. has a 1-year low of $37.91 and a 1-year high of $55.75. The stock has a market cap of $37.86 billion, a PE ratio of 10.31 and a beta of 1.24.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.66 by ($0.02). Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The company had revenue of $10.79 billion during the quarter, compared to the consensus estimate of $10.81 billion. During the same period last year, the firm posted $1.47 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Analysts predict that Delta Air Lines, Inc. will post $5.12 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Wednesday, August 23rd were paid a $0.305 dividend. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.20. This represents a $1.22 annualized dividend and a yield of 2.35%. The ex-dividend date was Monday, August 21st. Delta Air Lines’s payout ratio is 24.25%.

Delta Air Lines Company 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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