Delta Air Lines, Inc. (NYSE:DAL) Holdings Lifted by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI grew its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,242 shares of the transportation company’s stock after buying an additional 639 shares during the period. Citizens Financial Group Inc. RI’s holdings in Delta Air Lines were worth $3,712,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in Delta Air Lines by 12.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock valued at $471,330,000 after acquiring an additional 1,105,674 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in shares of Delta Air Lines by 17.7% during the second quarter. Brown Brothers Harriman & Co. now owns 4,121 shares of the transportation company’s stock valued at $196,000 after purchasing an additional 621 shares in the last quarter. J.W. Cole Advisors Inc. raised its stake in shares of Delta Air Lines by 36.1% during the second quarter. J.W. Cole Advisors Inc. now owns 16,731 shares of the transportation company’s stock valued at $794,000 after purchasing an additional 4,438 shares in the last quarter. OV Management LLC lifted its holdings in Delta Air Lines by 1.2% in the second quarter. OV Management LLC now owns 37,129 shares of the transportation company’s stock worth $1,761,000 after purchasing an additional 429 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in Delta Air Lines by 48.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 385,549 shares of the transportation company’s stock valued at $18,290,000 after buying an additional 125,314 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Delta Air Lines news, Director Willie Cw Chiang bought 10,000 shares of the stock in a transaction on Friday, July 12th. The shares were bought at an average price of $43.90 per share, with a total value of $439,000.00. Following the purchase, the director now directly owns 20,000 shares in the company, valued at approximately $878,000. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Performance

Shares of DAL opened at $45.34 on Tuesday. The company has a 50-day moving average of $42.25 and a two-hundred day moving average of $46.17. The stock has a market cap of $29.26 billion, a price-to-earnings ratio of 6.52, a PEG ratio of 0.89 and a beta of 1.34. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.40 and a quick ratio of 0.35. Delta Air Lines, Inc. has a one year low of $30.60 and a one year high of $53.86.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.36 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $15.41 billion during the quarter, compared to analyst estimates of $15.45 billion. During the same period in the prior year, the business posted $2.68 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities research analysts expect that Delta Air Lines, Inc. will post 5.99 earnings per share for the current year.

Delta Air Lines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, July 30th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.32%. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, July 30th. Delta Air Lines’s payout ratio is presently 8.63%.

Analyst Upgrades and Downgrades

A number of analysts have commented on DAL shares. TD Cowen dropped their price target on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Sanford C. Bernstein cut their target price on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating for the company in a research report on Friday, July 12th. 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 note on Friday, June 28th. Finally, Citigroup boosted their price objective on Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $61.52.

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.