Asset Management One Co. Ltd. Trims Holdings in Delta Air Lines, Inc. $DAL

Asset Management One Co. Ltd. trimmed its stake in Delta Air Lines, Inc. (NYSE:DAL) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 144,037 shares of the transportation company’s stock after selling 1,203 shares during the period. Asset Management One Co. Ltd.’s holdings in Delta Air Lines were worth $7,084,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in DAL. Signature Resources Capital Management LLC purchased a new stake in shares of Delta Air Lines in the 2nd quarter valued at approximately $25,000. Activest Wealth Management raised its stake in shares of Delta Air Lines by 2,280.8% in the 2nd quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 593 shares during the period. Wealth Preservation Advisors LLC purchased a new stake in shares of Delta Air Lines in the 1st quarter valued at approximately $31,000. Zions Bancorporation National Association UT purchased a new stake in shares of Delta Air Lines in the 1st quarter valued at approximately $33,000. Finally, Hara Capital LLC purchased a new stake in shares of Delta Air Lines in the 1st quarter valued at approximately $35,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Bernstein Bank upped their target price on shares of Delta Air Lines from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, July 11th. Wall Street Zen raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Barclays upped their target price on shares of Delta Air Lines from $58.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Wolfe Research upped their target price on shares of Delta Air Lines from $63.00 to $67.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Finally, BNP Paribas Exane upped their target price on shares of Delta Air Lines from $58.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $71.53.

Delta Air Lines Trading Down 0.8%

NYSE DAL opened at $60.45 on Tuesday. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.68. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98. The stock has a market capitalization of $39.47 billion, a PE ratio of 8.51, a price-to-earnings-growth ratio of 1.40 and a beta of 1.50. The firm has a 50 day moving average of $59.60 and a two-hundred day moving average of $53.13.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. The company had revenue of $8.40 billion during the quarter. As a group, research analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be issued a $0.1875 dividend. The ex-dividend date is Thursday, October 16th. This represents a $0.75 annualized dividend and a dividend yield of 1.2%. Delta Air Lines’s dividend payout ratio is presently 10.56%.

Insider Activity

In other news, Director Michael P. Huerta sold 2,500 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total value of $151,750.00. Following the completion of the transaction, the director owned 33,245 shares in the company, valued at approximately $2,017,971.50. This represents a 6.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John E. Laughter sold 23,323 shares of the company’s stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the completion of the transaction, the executive vice president owned 81,109 shares of the company’s stock, valued at approximately $5,055,523.97. The trade was a 22.33% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,833 shares of company stock worth $2,463,585. Corporate insiders own 0.96% of the company’s stock.

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 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.