Delta Air Lines, Inc. (DAL) Stake Lifted by Bluefin Trading LLC

Bluefin Trading LLC lifted its position in Delta Air Lines, Inc. (NYSE:DAL) by 116.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 27,522 shares of the transportation company’s stock after purchasing an additional 14,822 shares during the period. Bluefin Trading LLC’s holdings in Delta Air Lines were worth $1,479,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Roundview Capital LLC grew its holdings in shares of Delta Air Lines by 0.3% in the second quarter. Roundview Capital LLC now owns 5,115 shares of the transportation company’s stock worth $275,000 after purchasing an additional 15 shares during the last quarter. Patten Group Inc. grew its holdings in shares of Delta Air Lines by 0.3% in the first quarter. Patten Group Inc. now owns 9,307 shares of the transportation company’s stock worth $420,000 after purchasing an additional 30 shares during the last quarter. Traynor Capital Management Inc. grew its holdings in shares of Delta Air Lines by 1.2% in the second quarter. Traynor Capital Management Inc. now owns 4,911 shares of the transportation company’s stock worth $246,000 after purchasing an additional 58 shares during the last quarter. MUFG Securities EMEA plc grew its holdings in shares of Delta Air Lines by 1.2% in the second quarter. MUFG Securities EMEA plc now owns 5,307 shares of the transportation company’s stock worth $285,000 after purchasing an additional 65 shares during the last quarter. Finally, Banced Corp grew its holdings in shares of Delta Air Lines by 1.2% in the second quarter. Banced Corp now owns 7,895 shares of the transportation company’s stock worth $425,000 after purchasing an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 86.26% of the company’s stock.

In related news, EVP Joanne D. Smith sold 3,700 shares of the company’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $54.00, for a total transaction of $199,800.00. Following the completion of the sale, the executive vice president now directly owns 77,223 shares in the company, valued at approximately $4,170,042. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Glen W. Hauenstein sold 67,000 shares of the company’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $55.15, for a total value of $3,695,050.00. Following the sale, the president now owns 239,418 shares of the company’s stock, valued at $13,203,902.70. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 141,000 shares of company stock valued at $283,440 and sold 75,700 shares valued at $4,171,150. 0.37% of the stock is currently owned by corporate insiders.

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DAL has been the topic of several recent analyst reports. Atlantic Securities initiated coverage on shares of Delta Air Lines in a report on Tuesday, June 20th. They issued an “overweight” rating and a $68.00 target price on the stock. ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 20th. BidaskClub upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Bank of America Corporation raised their target price on shares of Delta Air Lines from $64.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, June 30th. Finally, Zacks Investment Research upgraded shares of Delta Air Lines from a “hold” rating to a “strong-buy” rating and set a $62.00 target price on the stock in a report on Tuesday, July 4th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $61.91.

Shares of Delta Air Lines, Inc. (DAL) traded up 0.64% during trading on Friday, reaching $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. The stock has a market cap of $37.86 billion, a price-to-earnings ratio of 10.31 and a beta of 1.24. Delta Air Lines, Inc. has a one year low of $37.91 and a one year high of $55.75.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share for the quarter, missing the Thomson Reuters’ 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 analysts’ expectations of $10.81 billion. During the same quarter in the prior year, the company posted $1.47 earnings per share. Delta Air Lines’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts forecast that Delta Air Lines, Inc. will post $5.12 earnings per share for the current fiscal year.

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

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

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