Delta Air Lines, Inc. (DAL) Stake Lessened by Ken Stern & Associates Inc.

Ken Stern & Associates Inc. trimmed its position in Delta Air Lines, Inc. (NYSE:DAL) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,319 shares of the transportation company’s stock after selling 78 shares during the quarter. Ken Stern & Associates Inc.’s holdings in Delta Air Lines were worth $500,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Delta Air Lines by 2,951.4% in the first quarter. BlackRock Inc. now owns 45,260,856 shares of the transportation company’s stock worth $2,080,189,000 after buying an additional 43,777,555 shares in the last quarter. Lansdowne Partners UK LLP lifted its holdings in shares of Delta Air Lines by 7.3% in the first quarter. Lansdowne Partners UK LLP now owns 28,103,972 shares of the transportation company’s stock worth $1,291,656,000 after buying an additional 1,918,036 shares in the last quarter. Primecap Management Co. CA lifted its holdings in shares of Delta Air Lines by 9.3% in the first quarter. Primecap Management Co. CA now owns 22,713,894 shares of the transportation company’s stock worth $1,043,931,000 after buying an additional 1,930,614 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Delta Air Lines by 15.8% in the first quarter. AQR Capital Management LLC now owns 9,571,378 shares of the transportation company’s stock worth $439,900,000 after buying an additional 1,308,115 shares in the last quarter. Finally, Boston Partners lifted its holdings in shares of Delta Air Lines by 2.5% in the second quarter. Boston Partners now owns 7,774,829 shares of the transportation company’s stock worth $417,820,000 after buying an additional 190,531 shares in the last quarter. 86.49% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Joanne D. Smith sold 3,700 shares of the 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 sale, the executive vice president now owns 77,223 shares in the company, valued at approximately $4,170,042. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director George N. Mattson purchased 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were bought at an average price of $45.44 per share, for a total transaction of $272,640.00. Following the acquisition, the director now directly owns 61,510 shares in the company, valued at approximately $2,795,014.40. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 267,000 shares of company stock worth $293,520 and have sold 75,700 shares worth $4,171,150. Corporate insiders own 0.37% of the company’s stock.

Delta Air Lines, Inc. (DAL) traded down 0.04% on Friday, hitting $48.25. 17,746,232 shares of the company’s stock traded hands. The stock has a market cap of $35.13 billion, a P/E ratio of 9.56 and a beta of 1.25. Delta Air Lines, Inc. has a 12 month low of $36.85 and a 12 month high of $55.75. The stock has a 50 day moving average price of $48.42 and a 200-day moving average price of $49.15.

Delta Air Lines (NYSE:DAL) last released its quarterly 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 net margin of 9.30% and a return on equity of 28.33%. The company had revenue of $10.79 billion for the quarter, compared to analysts’ expectations of $10.81 billion. During the same quarter in the previous year, the company posted $1.47 EPS. The business’s quarterly revenue was up 3.3% on a year-over-year basis. Equities analysts predict that Delta Air Lines, Inc. will post $5.12 earnings per share for the current fiscal year.

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

A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Vetr downgraded shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $55.68 price target on the stock. in a report on Thursday, June 1st. Atlantic Securities assumed coverage on shares of Delta Air Lines in a report on Tuesday, June 20th. They issued an “overweight” rating and a $68.00 price target on the stock. Barclays PLC assumed coverage on shares of Delta Air Lines in a report on Thursday, August 10th. They issued an “overweight” rating and a $70.00 price target on the stock. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Delta Air Lines in a report on Friday, May 26th. One 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 given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $61.97.

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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.

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

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