Cozad Asset Management Inc. Sells 6,650 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Cozad Asset Management Inc. decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 21.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,145 shares of the transportation company’s stock after selling 6,650 shares during the period. Cozad Asset Management Inc.’s holdings in Delta Air Lines were worth $1,145,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Manchester Capital Management LLC boosted its holdings in Delta Air Lines by 26,166.7% during the 4th quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company’s stock worth $32,000 after acquiring an additional 785 shares during the last quarter. Rise Advisors LLC grew its position in Delta Air Lines by 122.5% in the 1st quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock worth $39,000 after purchasing an additional 452 shares in the last quarter. Unique Wealth Strategies LLC bought a new stake in Delta Air Lines in the 2nd quarter worth about $40,000. Richard W. Paul & Associates LLC increased its stake in Delta Air Lines by 68.7% in the 2nd quarter. Richard W. Paul & Associates LLC now owns 877 shares of the transportation company’s stock valued at $42,000 after buying an additional 357 shares during the last quarter. Finally, Nordwand Advisors LLC bought a new position in shares of Delta Air Lines during the 4th quarter worth approximately $40,000. 69.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Jefferies Financial Group decreased their price target on Delta Air Lines from $58.00 to $56.00 and set a “buy” rating for the company in a research report on Friday, June 28th. Sanford C. Bernstein cut their price target on shares of Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating on the stock in a report on Friday, July 12th. TD Cowen decreased their price objective on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. HSBC started coverage on shares of Delta Air Lines in a research report on Monday, May 13th. They issued a “buy” rating and a $72.80 price objective on the stock. Finally, Citigroup increased their target price on shares of Delta Air Lines from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Delta Air Lines presently has an average rating of “Buy” and an average target price of $60.70.

Delta Air Lines Price Performance

Delta Air Lines stock opened at $42.36 on Thursday. The firm has a market capitalization of $27.34 billion, a P/E ratio of 6.09, a PEG ratio of 0.93 and a beta of 1.35. Delta Air Lines, Inc. has a one year low of $30.60 and a one year high of $53.86. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.40 and a quick ratio of 0.35. The business has a fifty day moving average price of $42.78 and a 200-day moving average price of $46.01.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, July 11th. The transportation company reported $2.36 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.01). Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The company had revenue of $15.41 billion during the quarter, compared to the consensus estimate of $15.45 billion. During the same quarter in the prior year, the business earned $2.68 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, equities research analysts forecast that Delta Air Lines, Inc. will post 5.94 EPS for the current year.

Delta Air Lines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, July 30th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend was Tuesday, July 30th. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.10. Delta Air Lines’s dividend payout ratio is 8.63%.

Insiders Place Their Bets

In other news, Director Willie Cw Chiang purchased 10,000 shares of Delta Air Lines stock in a transaction dated Friday, July 12th. The stock was purchased at an average cost of $43.90 per share, for a total transaction of $439,000.00. Following the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $878,000. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Company 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.