AMF Tjanstepension AB Invests $11.54 Million in Delta Air Lines, Inc. (NYSE:DAL)

AMF Tjanstepension AB purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 243,065 shares of the transportation company’s stock, valued at approximately $11,535,000.

Several other large investors also recently modified their holdings of DAL. MeadowBrook Investment Advisors LLC purchased a new position in Delta Air Lines in the 4th quarter valued at approximately $27,000. Manchester Capital Management LLC grew its stake in Delta Air Lines by 26,166.7% in the 4th quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company’s stock valued at $32,000 after buying an additional 785 shares in the last quarter. Rise Advisors LLC grew its stake in Delta Air Lines by 122.5% in the 1st quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock valued at $39,000 after buying an additional 452 shares in the last quarter. Nordwand Advisors LLC purchased a new position in Delta Air Lines in the 4th quarter valued at approximately $40,000. Finally, Private Wealth Management Group LLC purchased a new position in Delta Air Lines in the 4th quarter valued at approximately $42,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling

In related news, Director Willie Cw Chiang purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The stock was bought at an average cost of $43.90 per share, with a total value of $439,000.00. Following the completion of the purchase, the director now directly owns 20,000 shares in the company, valued at $878,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.96% of the stock is owned by insiders.

Delta Air Lines Trading Down 2.4 %

Shares of NYSE:DAL traded down $0.90 during midday trading on Wednesday, hitting $37.32. 10,335,557 shares of the stock traded hands, compared to its average volume of 9,766,043. The stock has a market capitalization of $24.08 billion, a PE ratio of 5.37, a P/E/G ratio of 0.86 and a beta of 1.35. The business’s 50 day moving average is $46.72 and its two-hundred day moving average is $45.95. 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 one year low of $30.60 and a one year high of $53.86.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.36 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 the consensus estimate of $15.45 billion. Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the company posted $2.68 earnings per share. As a group, research analysts forecast that Delta Air Lines, Inc. will post 6.26 earnings per share for the current year.

Delta Air Lines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Tuesday, July 30th will be paid a $0.15 dividend. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.10. This represents a $0.60 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Tuesday, July 30th. Delta Air Lines’s dividend payout ratio is presently 8.63%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on DAL shares. Morgan Stanley reiterated an “overweight” rating and issued a $85.00 price objective on shares of Delta Air Lines in a research note on Thursday, April 11th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Susquehanna raised their price target on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a report on Tuesday, April 9th. Jefferies Financial Group cut their price target on shares of Delta Air Lines from $58.00 to $56.00 and set a “buy” rating for the company in a report on Friday, June 28th. Finally, Citigroup raised their price target 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. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target 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.