Great Lakes Advisors LLC Has $67.62 Million Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Great Lakes Advisors LLC increased its stake in Delta Air Lines, Inc. (NYSE:DAL) by 27.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,425,451 shares of the transportation company’s stock after purchasing an additional 310,529 shares during the period. Great Lakes Advisors LLC owned approximately 0.22% of Delta Air Lines worth $67,623,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Savant Capital LLC boosted its stake in shares of Delta Air Lines by 65.3% during the 2nd quarter. Savant Capital LLC now owns 22,807 shares of the transportation company’s stock worth $1,082,000 after buying an additional 9,009 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its stake in shares of Delta Air Lines by 1.2% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 160,684 shares of the transportation company’s stock worth $7,623,000 after buying an additional 1,828 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Delta Air Lines by 16.9% during the 2nd quarter. Victory Capital Management Inc. now owns 1,237,121 shares of the transportation company’s stock worth $58,689,000 after buying an additional 179,261 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Delta Air Lines by 3.7% during the 2nd quarter. National Bank of Canada FI now owns 352,298 shares of the transportation company’s stock worth $16,525,000 after buying an additional 12,468 shares during the last quarter. Finally, Range Financial Group LLC boosted its stake in shares of Delta Air Lines by 22.3% during the 2nd quarter. Range Financial Group LLC now owns 5,235 shares of the transportation company’s stock worth $248,000 after buying an additional 956 shares during the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Price Performance

Shares of NYSE DAL traded down $0.14 during trading hours on Friday, hitting $42.03. 8,498,150 shares of the stock were exchanged, compared to its average volume of 9,510,068. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.40. The company has a market cap of $27.12 billion, a PE ratio of 6.05, a price-to-earnings-growth ratio of 0.93 and a beta of 1.34. The company’s fifty day simple moving average is $42.54 and its two-hundred day simple moving average is $46.00. Delta Air Lines, Inc. has a 1-year low of $30.60 and a 1-year high of $53.86.

Delta Air Lines (NYSE:DAL) last posted its quarterly 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). The firm had revenue of $15.41 billion for the quarter, compared to analyst estimates of $15.45 billion. Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.68 EPS. On average, sell-side analysts predict that Delta Air Lines, Inc. will post 5.94 EPS for the current year.

Delta Air Lines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders 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 dividend on an annualized basis and a yield of 1.43%. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.10. Delta Air Lines’s dividend payout ratio (DPR) is currently 8.63%.

Insider Buying and Selling at Delta Air Lines

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DAL shares. Sanford C. Bernstein dropped their target price 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. HSBC started coverage on shares of Delta Air Lines in a report on Monday, May 13th. They issued a “buy” rating and a $72.80 target price on the stock. Citigroup upped their target price on shares of Delta Air Lines from $55.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. TD Cowen dropped their target price on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Finally, Jefferies Financial Group lowered their price target on shares of Delta Air Lines from $58.00 to $56.00 and set a “buy” rating on the stock in a report on Friday, June 28th. 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $60.70.

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 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.