San Francisco Sentry Investment Group CA Cuts Holdings in Delta Air Lines, Inc. (DAL)

San Francisco Sentry Investment Group CA lowered its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 33.3% in the second quarter, Holdings Channel reports. The fund owned 11,830 shares of the transportation company’s stock after selling 5,900 shares during the quarter. San Francisco Sentry Investment Group CA’s holdings in Delta Air Lines were worth $586,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Boston Partners raised its position in Delta Air Lines by 5.2% during the second quarter. Boston Partners now owns 12,399,764 shares of the transportation company’s stock worth $614,285,000 after acquiring an additional 608,231 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Delta Air Lines by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 7,801,731 shares of the transportation company’s stock worth $427,613,000 after acquiring an additional 22,535 shares during the last quarter. Neuberger Berman Group LLC raised its position in Delta Air Lines by 3.4% during the first quarter. Neuberger Berman Group LLC now owns 7,223,675 shares of the transportation company’s stock worth $395,930,000 after acquiring an additional 236,108 shares during the last quarter. LSV Asset Management raised its position in Delta Air Lines by 5.3% during the first quarter. LSV Asset Management now owns 4,222,963 shares of the transportation company’s stock worth $231,460,000 after acquiring an additional 214,350 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in Delta Air Lines by 116.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,536,013 shares of the transportation company’s stock worth $193,809,000 after acquiring an additional 1,905,873 shares during the last quarter. Institutional investors own 87.68% of the company’s stock.

In related news, insider Steven M. Sear sold 10,247 shares of the company’s stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of $54.35, for a total transaction of $556,924.45. Following the completion of the transaction, the insider now owns 59,494 shares of the company’s stock, valued at $3,233,498.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO W Gilbert West sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, July 13th. The stock was sold at an average price of $50.47, for a total transaction of $757,050.00. Following the transaction, the chief operating officer now directly owns 104,447 shares of the company’s stock, valued at approximately $5,271,440.09. The disclosure for this sale can be found here. Insiders have sold 97,681 shares of company stock valued at $5,136,493 in the last ninety days. 0.33% of the stock is currently owned by company insiders.

Delta Air Lines opened at $54.71 on Friday, MarketBeat Ratings reports. The company has a quick ratio of 0.31, a current ratio of 0.40 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $38.26 billion, a PE ratio of 10.98, a PEG ratio of 0.49 and a beta of 1.09. Delta Air Lines, Inc. has a 1-year low of $44.59 and a 1-year high of $60.79.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, July 12th. The transportation company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.05. Delta Air Lines had a net margin of 7.72% and a return on equity of 26.75%. The business had revenue of $11.78 billion during the quarter, compared to analyst estimates of $11.73 billion. During the same quarter in the previous year, the business posted $1.64 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. research analysts anticipate that Delta Air Lines, Inc. will post 5.58 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 16th. Investors of record on Thursday, July 26th will be given a dividend of $0.35 per share. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, July 25th. This represents a $1.40 annualized dividend and a yield of 2.56%. Delta Air Lines’s dividend payout ratio is 28.40%.

A number of equities analysts have issued reports on the stock. Cfra restated a “buy” rating and set a $70.00 target price on shares of Delta Air Lines in a research report on Monday, June 18th. Morgan Stanley lifted their target price on shares of Delta Air Lines from $66.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, April 20th. Zacks Investment Research lowered shares of Delta Air Lines from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 13th. ValuEngine lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Finally, Deutsche Bank cut their price objective on shares of Delta Air Lines from $73.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, June 7th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $66.36.

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, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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