Delta Air Lines, Inc. (DAL) Stake Reduced by Hanlon Investment Management Inc.

Hanlon Investment Management Inc. reduced its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 9.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,033 shares of the transportation company’s stock after selling 5,221 shares during the period. Hanlon Investment Management Inc.’s holdings in Delta Air Lines were worth $2,391,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DAL. Price T Rowe Associates Inc. MD boosted its stake in Delta Air Lines by 46.0% in the third quarter. Price T Rowe Associates Inc. MD now owns 14,045,364 shares of the transportation company’s stock worth $552,826,000 after buying an additional 4,427,357 shares in the last quarter. AQR Capital Management LLC boosted its stake in Delta Air Lines by 58.7% in the fourth quarter. AQR Capital Management LLC now owns 8,263,263 shares of the transportation company’s stock worth $406,470,000 after buying an additional 3,056,526 shares in the last quarter. APG Asset Management N.V. boosted its stake in Delta Air Lines by 15.7% in the first quarter. APG Asset Management N.V. now owns 5,004,699 shares of the transportation company’s stock worth $230,016,000 after buying an additional 680,439 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Delta Air Lines by 39.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,793,654 shares of the transportation company’s stock worth $186,629,000 after buying an additional 1,064,329 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Delta Air Lines by 3.2% in the first quarter. American Century Companies Inc. now owns 3,448,935 shares of the transportation company’s stock worth $158,513,000 after buying an additional 106,106 shares in the last quarter. 86.82% of the stock is owned by institutional investors.

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

Shares of Delta Air Lines, Inc. (NYSE DAL) traded down 1.133% during midday trading on Tuesday, hitting $51.915. 3,280,101 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $49.93 and its 200-day moving average is $48.80. Delta Air Lines, Inc. has a 1-year low of $32.60 and a 1-year high of $53.57. The stock has a market cap of $37.79 billion, a PE ratio of 9.575 and a beta of 1.13.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Wednesday, April 12th. The transportation company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.04. The company had revenue of $9.15 billion for the quarter, compared to the consensus estimate of $9.14 billion. Delta Air Lines had a return on equity of 28.67% and a net margin of 10.19%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.32 EPS. Analysts predict that Delta Air Lines, Inc. will post $5.12 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Friday, May 19th were issued a $0.2025 dividend. The ex-dividend date of this dividend was Wednesday, May 17th. This represents a $0.81 dividend on an annualized basis and a dividend yield of 1.54%. Delta Air Lines’s dividend payout ratio is 15.06%.

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Several brokerages recently issued reports on DAL. Cowen and Company reaffirmed an “outperform” rating and set a $58.00 price objective on shares of Delta Air Lines in a research note on Monday, April 17th. Atlantic Securities began coverage on shares of Delta Air Lines in a research note on Tuesday. They set an “overweight” rating and a $68.00 price objective for the company. Stifel Nicolaus reaffirmed a “buy” rating on shares of Delta Air Lines in a research note on Friday, May 26th. Citigroup Inc. boosted their target price on shares of Delta Air Lines from $63.00 to $65.00 and gave the company a “buy” rating in a report on Friday, May 12th. Finally, Vetr lowered shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $52.43 target price on the stock. in a report on Tuesday, May 2nd. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $54.26.

In related news, COO W Gilbert West sold 26,131 shares of the stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $50.47, for a total value of $1,318,831.57. Following the transaction, the chief operating officer now owns 89,232 shares in the company, valued at $4,503,539.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Joanne D. Smith sold 4,475 shares of the stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $49.32, for a total value of $220,707.00. Following the completion of the transaction, the executive vice president now owns 85,398 shares in the company, valued at approximately $4,211,829.36. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 356,665 shares of company stock worth $278,020 and sold 55,606 shares worth $2,753,289. Corporate insiders own 0.75% of the company’s stock.

About Delta Air Lines

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.

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