People s United Financial Inc. trimmed its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 8.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,843 shares of the transportation company’s stock after selling 1,133 shares during the period. People s United Financial Inc.’s holdings in Delta Air Lines were worth $587,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Verity Asset Management Inc. purchased a new position in shares of Delta Air Lines in the 1st quarter worth about $216,000. HL Financial Services LLC raised its holdings in shares of Delta Air Lines by 105.4% during the 1st quarter. HL Financial Services LLC now owns 137,726 shares of the transportation company’s stock valued at $7,549,000 after buying an additional 70,671 shares during the period. FDx Advisors Inc. raised its holdings in shares of Delta Air Lines by 37.8% during the 1st quarter. FDx Advisors Inc. now owns 29,009 shares of the transportation company’s stock valued at $1,590,000 after buying an additional 7,955 shares during the period. Hennessy Advisors Inc. raised its holdings in shares of Delta Air Lines by 9.4% during the 1st quarter. Hennessy Advisors Inc. now owns 58,200 shares of the transportation company’s stock valued at $3,190,000 after buying an additional 5,000 shares during the period. Finally, Financial Engines Advisors L.L.C. raised its holdings in shares of Delta Air Lines by 114.7% during the 1st quarter. Financial Engines Advisors L.L.C. now owns 11,110 shares of the transportation company’s stock valued at $609,000 after buying an additional 5,935 shares during the period. 87.30% of the stock is currently owned by hedge funds and other institutional investors.

DAL has been the topic of several analyst reports. Imperial Capital raised their target price on Delta Air Lines from $65.00 to $71.00 and gave the company an “outperform” rating in a report on Wednesday, August 22nd. ValuEngine upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Buckingham Research raised their target price on Delta Air Lines from $64.00 to $71.00 and gave the company a “buy” rating in a report on Friday, September 7th. Deutsche Bank downgraded Delta Air Lines from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $64.00 to $53.00 in a report on Tuesday, July 3rd. Finally, Morgan Stanley dropped their price objective on Delta Air Lines from $67.00 to $64.00 and set an “overweight” rating on the stock in a report on Thursday, July 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $66.61.

In other news, Director William H. Easter III sold 3,000 shares of the company’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $58.47, for a total transaction of $175,410.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Craig M. Meynard sold 1,793 shares of the company’s stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $54.31, for a total value of $97,377.83. Following the sale, the vice president now owns 7,170 shares of the company’s stock, valued at approximately $389,402.70. The disclosure for this sale can be found here. Insiders have sold a total of 117,787 shares of company stock valued at $6,276,276 in the last 90 days. Insiders own 0.33% of the company’s stock.

Shares of DAL traded up $0.11 during mid-day trading on Friday, hitting $57.93. The stock had a trading volume of 3,436,913 shares, compared to its average volume of 4,797,028. The firm has a market cap of $39.68 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 0.51 and a beta of 1.06. The company has a current ratio of 0.40, a quick ratio of 0.31 and a debt-to-equity ratio of 0.67. Delta Air Lines, Inc. has a fifty-two week low of $47.12 and a fifty-two week high of $60.79.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, July 12th. The transportation company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.72 by $0.05. The company had revenue of $11.78 billion during the quarter, compared to analyst estimates of $11.73 billion. Delta Air Lines had a return on equity of 26.75% and a net margin of 7.72%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.64 EPS. sell-side analysts predict that Delta Air Lines, Inc. will post 5.59 earnings per share for the current fiscal year.

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, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

Further Reading: Risk Tolerance and Your Investment Decisions

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

Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.