Delta Air Lines, Inc. $DAL Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its position in Delta Air Lines, Inc. (NYSE:DAL) by 14.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,582 shares of the transportation company’s stock after acquiring an additional 11,020 shares during the quarter. Vontobel Holding Ltd.’s holdings in Delta Air Lines were worth $4,356,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DAL. Vanguard Group Inc. increased its stake in Delta Air Lines by 0.7% in the first quarter. Vanguard Group Inc. now owns 72,924,506 shares of the transportation company’s stock valued at $3,179,508,000 after purchasing an additional 514,264 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in Delta Air Lines in the second quarter valued at approximately $386,364,000. Invesco Ltd. increased its stake in Delta Air Lines by 30.2% in the first quarter. Invesco Ltd. now owns 7,242,852 shares of the transportation company’s stock valued at $315,788,000 after purchasing an additional 1,681,464 shares during the last quarter. AQR Capital Management LLC increased its stake in Delta Air Lines by 149.9% in the first quarter. AQR Capital Management LLC now owns 5,963,882 shares of the transportation company’s stock valued at $246,487,000 after purchasing an additional 3,577,489 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Delta Air Lines by 66.9% in the first quarter. Bank of New York Mellon Corp now owns 5,915,545 shares of the transportation company’s stock valued at $257,918,000 after purchasing an additional 2,370,795 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insiders Place Their Bets

In other Delta Air Lines news, Director Michael P. Huerta sold 2,500 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $60.70, for a total value of $151,750.00. Following the completion of the sale, the director owned 33,245 shares of the company’s stock, valued at approximately $2,017,971.50. This trade represents a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward H. Bastian sold 35,000 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $56.28, for a total value of $1,969,800.00. Following the completion of the sale, the chief executive officer directly owned 632,823 shares of the company’s stock, valued at approximately $35,615,278.44. This trade represents a 5.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 91,050 shares of company stock worth $5,139,795 in the last ninety days. 0.88% of the stock is owned by insiders.

Delta Air Lines Stock Performance

NYSE:DAL opened at $57.56 on Friday. The firm’s fifty day moving average price is $58.65 and its 200 day moving average price is $51.53. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $69.98. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.38 and a quick ratio of 0.33. The firm has a market cap of $37.59 billion, a price-to-earnings ratio of 8.11, a price-to-earnings-growth ratio of 1.54 and a beta of 1.50.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 earnings per share for the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 24.85%. The firm had revenue of $8.40 billion for the quarter. On average, sell-side analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 16th will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, October 16th. Delta Air Lines’s dividend payout ratio (DPR) is 10.56%.

Analyst Ratings Changes

Several equities analysts have commented on DAL shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Delta Air Lines from $63.00 to $72.00 and gave the company a “buy” rating in a research note on Friday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Delta Air Lines in a research note on Wednesday. Citigroup increased their price target on shares of Delta Air Lines from $62.00 to $65.50 and gave the company a “buy” rating in a research note on Friday, July 11th. TD Cowen lifted their target price on shares of Delta Air Lines from $55.00 to $66.00 and gave the company a “buy” rating in a report on Monday, July 14th. Finally, UBS Group upped their price target on shares of Delta Air Lines from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating and nineteen have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $69.89.

Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.