Robeco Institutional Asset Management B.V. Purchases 23,523 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Robeco Institutional Asset Management B.V. increased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 523,349 shares of the transportation company’s stock after buying an additional 23,523 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Delta Air Lines were worth $29,701,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of DAL. Washington Trust Bank lifted its position in Delta Air Lines by 141.3% during the 1st quarter. Washington Trust Bank now owns 485 shares of the transportation company’s stock worth $25,000 after buying an additional 284 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Delta Air Lines during the 1st quarter valued at about $26,000. Northwest Wealth Management LLC acquired a new position in Delta Air Lines during the 1st quarter valued at about $26,000. Paragon Capital Management LLC acquired a new position in Delta Air Lines during the 1st quarter valued at about $26,000. Finally, Kistler Tiffany Companies LLC acquired a new position in Delta Air Lines during the 1st quarter valued at about $26,000. Institutional investors and hedge funds own 87.74% of the company’s stock.

A number of research firms have issued reports on DAL. Buckingham Research upped their target price on shares of Delta Air Lines from $71.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Wolfe Research set a $69.00 target price on shares of Delta Air Lines and gave the company a “buy” rating in a research report on Friday, July 12th. ValuEngine downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday. Citigroup upped their target price on shares of Delta Air Lines from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Finally, Deutsche Bank upped their target price on shares of Delta Air Lines from $56.00 to $61.00 and gave the company a “hold” rating in a research report on Friday, July 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. Delta Air Lines currently has an average rating of “Buy” and an average target price of $67.56.

Shares of NYSE:DAL traded down $0.19 during mid-day trading on Friday, reaching $60.13. The stock had a trading volume of 3,731,897 shares, compared to its average volume of 6,525,024. The company has a market cap of $39.69 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 0.48 and a beta of 1.18. The stock has a 50 day moving average of $59.32. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.29 and a current ratio of 0.34. Delta Air Lines, Inc. has a twelve month low of $45.08 and a twelve month high of $63.44.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, July 11th. The transportation company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.07. The business had revenue of $12.54 billion for the quarter, compared to the consensus estimate of $12.49 billion. Delta Air Lines had a net margin of 9.85% and a return on equity of 31.68%. Delta Air Lines’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the company posted $1.77 EPS. On average, equities research analysts expect that Delta Air Lines, Inc. will post 7.06 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 25th will be given a $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a dividend yield of 2.68%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.35. The ex-dividend date is Wednesday, July 24th. Delta Air Lines’s dividend payout ratio (DPR) is currently 28.50%.

In related news, President Glen W. Hauenstein sold 50,000 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $63.03, for a total value of $3,151,500.00. Following the sale, the president now directly owns 267,526 shares in the company, valued at approximately $16,862,163.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Rahul D. Samant sold 16,559 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $61.87, for a total transaction of $1,024,505.33. Following the completion of the sale, the executive vice president now owns 51,039 shares in the company, valued at $3,157,782.93. The disclosure for this sale can be found here. Insiders sold a total of 93,288 shares of company stock worth $5,753,311 over the last quarter. 0.47% of the stock is currently owned by corporate insiders.

Delta Air Lines 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 route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

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

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