Marsico Capital Management LLC Has $13.88 Million Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Marsico Capital Management LLC lifted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 41.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 292,528 shares of the transportation company’s stock after purchasing an additional 85,657 shares during the quarter. Marsico Capital Management LLC’s holdings in Delta Air Lines were worth $13,878,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of DAL. American International Group Inc. boosted its holdings in Delta Air Lines by 1.6% in the fourth quarter. American International Group Inc. now owns 181,107 shares of the transportation company’s stock worth $7,286,000 after acquiring an additional 2,783 shares in the last quarter. First Hawaiian Bank bought a new stake in Delta Air Lines in the 1st quarter worth about $749,000. Wells Fargo & Company MN increased its position in shares of Delta Air Lines by 7.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,127,607 shares of the transportation company’s stock valued at $45,364,000 after acquiring an additional 73,936 shares during the last quarter. Maryland State Retirement & Pension System increased its position in shares of Delta Air Lines by 2.8% during the 1st quarter. Maryland State Retirement & Pension System now owns 50,358 shares of the transportation company’s stock valued at $2,384,000 after purchasing an additional 1,362 shares during the last quarter. Finally, RFG Advisory LLC purchased a new stake in Delta Air Lines during the first quarter worth about $1,108,000. Institutional investors own 69.93% of the company’s stock.

Insiders Place Their Bets

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

Delta Air Lines Stock Up 3.0 %

Shares of NYSE DAL opened at $46.68 on Wednesday. The company has a market cap of $30.12 billion, a price-to-earnings ratio of 6.72, a PEG ratio of 0.89 and a beta of 1.34. The firm’s fifty day moving average is $42.25 and its 200 day moving average is $46.21. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.21. Delta Air Lines, Inc. has a 52 week low of $30.60 and a 52 week high of $53.86.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, July 11th. The transportation company reported $2.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.01). Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The business had revenue of $15.41 billion for the quarter, compared to analysts’ expectations of $15.45 billion. During the same period last year, the firm posted $2.68 earnings per share. Delta Air Lines’s quarterly revenue 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 company also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Tuesday, July 30th were given a $0.15 dividend. The ex-dividend date was Tuesday, July 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.29%. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.10. Delta Air Lines’s dividend payout ratio is currently 8.63%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DAL. Jefferies Financial Group lowered their price objective on Delta Air Lines from $58.00 to $56.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. TD Cowen cut their price target 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. Citigroup upped their price objective on shares of Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Finally, Sanford C. Bernstein reduced their target price on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating on the stock in a research note on Friday, July 12th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on 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.