Shelton Capital Management Invests $343,000 in Delta Air Lines, Inc. (DAL) Stock

Shelton Capital Management bought a new stake in Delta Air Lines, Inc. (NYSE:DAL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,380 shares of the transportation company’s stock, valued at approximately $343,000.

A number of other large investors have also bought and sold shares of the business. BlackRock Inc. grew its stake in 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 valued at $2,080,189,000 after acquiring an additional 43,777,555 shares during the period. Vanguard Group Inc. grew its stake in Delta Air Lines by 0.6% in the second quarter. Vanguard Group Inc. now owns 44,951,865 shares of the transportation company’s stock valued at $2,415,714,000 after acquiring an additional 274,997 shares during the period. Lansdowne Partners UK LLP grew its stake in 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 valued at $1,291,656,000 after acquiring an additional 1,918,036 shares during the period. Primecap Management Co. CA grew its stake in 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 valued at $1,043,931,000 after acquiring an additional 1,930,614 shares during the period. Finally, AQR Capital Management LLC grew its stake in 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 valued at $439,900,000 after acquiring an additional 1,308,115 shares during the period. 86.26% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have issued reports on DAL. BidaskClub raised Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Atlantic Securities initiated coverage on 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 initiated coverage on Delta Air Lines in a report on Thursday, August 10th. They issued an “overweight” rating and a $70.00 price target on the stock. Morgan Stanley restated an “overweight” rating on shares of Delta Air Lines in a report on Tuesday, September 12th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $60.00 price target on shares of Delta Air Lines in a report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $62.91.

Shares of Delta Air Lines, Inc. (DAL) opened at 53.11 on Friday. Delta Air Lines, Inc. has a 12-month low of $39.05 and a 12-month high of $55.75. The company has a market cap of $38.66 billion, a price-to-earnings ratio of 10.53 and a beta of 1.24. The company’s 50-day moving average price is $48.71 and its 200 day moving average price is $49.45.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.04. The business had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $11.03 billion. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.70 EPS. Equities analysts predict that Delta Air Lines, Inc. will post $5.12 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Wednesday, August 23rd were paid a dividend of $0.305 per share. The ex-dividend date of this dividend was Monday, August 21st. This represents a $1.22 dividend on an annualized basis and a yield of 2.30%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.20. Delta Air Lines’s payout ratio is 24.50%.

In other Delta Air Lines news, 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 transaction, the executive vice president now owns 77,223 shares of the company’s stock, valued at approximately $4,170,042. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director George N. Mattson bought 6,000 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were purchased at an average cost of $45.44 per share, for a total transaction of $272,640.00. Following the transaction, the director now owns 61,510 shares in the company, valued at $2,795,014.40. The disclosure for this purchase can be found here. Insiders have acquired a total of 75,000 shares of company stock valued at $278,160 in the last quarter. Company insiders own 0.37% of the company’s stock.

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Delta Air Lines 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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