NuWave Investment Management LLC lowered its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 50.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,848 shares of the transportation company’s stock after selling 3,847 shares during the period. NuWave Investment Management LLC’s holdings in Delta Air Lines were worth $219,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in DAL. Boston Partners raised its holdings in shares of Delta Air Lines by 24.1% during the first quarter. Boston Partners now owns 13,730,881 shares of the transportation company’s stock worth $709,200,000 after acquiring an additional 2,669,765 shares in the last quarter. FMR LLC raised its holdings in shares of Delta Air Lines by 30.9% during the fourth quarter. FMR LLC now owns 9,742,670 shares of the transportation company’s stock worth $486,161,000 after acquiring an additional 2,298,101 shares in the last quarter. Norges Bank purchased a new stake in shares of Delta Air Lines during the fourth quarter worth $89,761,000. Ceredex Value Advisors LLC purchased a new stake in shares of Delta Air Lines during the first quarter worth $56,756,000. Finally, Neuberger Berman Group LLC raised its holdings in shares of Delta Air Lines by 15.0% during the first quarter. Neuberger Berman Group LLC now owns 6,124,500 shares of the transportation company’s stock worth $316,331,000 after acquiring an additional 798,959 shares in the last quarter. Institutional investors and hedge funds own 87.74% of the company’s stock.

In related news, Director Michael P. Huerta sold 1,010 shares of Delta Air Lines stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $54.33, for a total transaction of $54,873.30. Following the sale, the director now directly owns 5,670 shares of the company’s stock, valued at $308,051.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Glen W. Hauenstein sold 50,000 shares of Delta Air Lines stock in a transaction dated Tuesday, July 16th. The stock was 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 $16,862,163.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 93,288 shares of company stock worth $5,753,311. 0.47% of the stock is currently owned by company insiders.

Several analysts recently issued reports on the company. Citigroup increased their price objective on Vistra Energy from $32.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Buckingham Research cut their target price on Fastenal from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. Morgan Stanley set a $207.00 target price on Alibaba Group and gave the company a “buy” rating in a report on Friday, July 12th. ValuEngine lowered Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Bank of America set a $152.00 target price on Caterpillar and gave the company a “buy” rating in a report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $67.56.

Shares of NYSE:DAL opened at $62.13 on Tuesday. The firm has a market capitalization of $40.42 billion, a P/E ratio of 11.00, a P/E/G ratio of 0.49 and a beta of 1.18. The company has a 50-day simple moving average of $58.87. Delta Air Lines, Inc. has a 52-week low of $45.08 and a 52-week high of $63.44. The company has a current ratio of 0.34, a quick ratio of 0.29 and a debt-to-equity ratio of 0.95.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, July 11th. The transportation company reported $2.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.07. The company had revenue of $12.54 billion for the quarter, compared to the consensus estimate of $12.49 billion. Delta Air Lines had a return on equity of 31.68% and a net margin of 9.85%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business posted $1.77 earnings per share. Research analysts predict that Delta Air Lines, Inc. will post 7.03 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th will be given a $0.4025 dividend. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.35. This represents a $1.61 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Wednesday, July 24th. Delta Air Lines’s dividend payout ratio (DPR) is currently 28.50%.

About Delta Air Lines

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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