Liberty Capital Management Inc. Purchases 315 Shares of Delta Air Lines, Inc. (DAL)

Liberty Capital Management Inc. increased its position in Delta Air Lines, Inc. (NYSE:DAL) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,107 shares of the transportation company’s stock after buying an additional 315 shares during the period. Liberty Capital Management Inc.’s holdings in Delta Air Lines were worth $1,309,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of DAL. Bank of The West increased its stake in Delta Air Lines by 1.4% in the first quarter. Bank of The West now owns 267,286 shares of the transportation company’s stock worth $12,284,000 after buying an additional 3,782 shares in the last quarter. Hosking Partners LLP increased its stake 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 worth $85,567,000 after buying an additional 169,097 shares in the last quarter. Regent Investment Management LLC increased its stake in Delta Air Lines by 13.9% in the first quarter. Regent Investment Management LLC now owns 16,362 shares of the transportation company’s stock worth $752,000 after buying an additional 2,000 shares in the last quarter. Quantitative Investment Management LLC increased its stake in Delta Air Lines by 2.5% in the first quarter. Quantitative Investment Management LLC now owns 100,800 shares of the transportation company’s stock worth $4,632,000 after buying an additional 2,500 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Delta Air Lines by 1.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,886 shares of the transportation company’s stock worth $3,396,000 after buying an additional 1,390 shares in the last quarter. 87.88% of the stock is owned by institutional investors.

Delta Air Lines, Inc. (NYSE DAL) remained flat at $47.53 on Friday. 8,395,102 shares of the company traded hands. The stock has a market capitalization of $34.60 billion, a P/E ratio of 9.42 and a beta of 1.20. The stock has a 50 day moving average price of $51.98 and a 200-day moving average price of $49.44. Delta Air Lines, Inc. has a 52 week low of $35.90 and a 52 week high of $55.75. Delta Air Lines also saw unusually large options trading activity on Wednesday. Stock traders bought 20,043 call options on the company. This represents an increase of 109% compared to the average daily volume of 9,579 call options.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd will be paid a $0.305 dividend. The ex-dividend date of this dividend is Monday, August 21st. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.20. This represents a $1.22 dividend on an annualized basis and a yield of 2.57%. Delta Air Lines’s dividend payout ratio (DPR) is 16.10%.

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A number of analysts have recently issued reports on DAL shares. ValuEngine raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report 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 target price on the stock in a research report on Tuesday, July 25th. BidaskClub cut shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Deutsche Bank AG reiterated a “buy” rating and issued a $62.00 target price (up previously from $58.00) on shares of Delta Air Lines in a research report on Friday, July 14th. Finally, Atlantic Securities began coverage on shares of Delta Air Lines in a research report on Tuesday, June 20th. They issued an “overweight” rating and a $68.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. Delta Air Lines currently has a consensus rating of “Buy” and an average target price of $60.56.

In other Delta Air Lines news, VP Craig M. Meynard sold 5,000 shares of Delta Air Lines stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $55.26, for a total transaction of $276,300.00. Following the completion of the sale, the vice president now directly owns 7,437 shares in the company, valued at approximately $410,968.62. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Joanne D. Smith sold 3,700 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, July 19th. The shares were 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 of the company’s stock, valued at $4,170,042. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 389,000 shares of company stock valued at $31,120 and sold 126,831 shares valued at $6,703,732. 0.37% of the stock is owned by company insiders.

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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