Harbor Capital Advisors Inc. Sells 904 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Harbor Capital Advisors Inc. decreased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 5.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,422 shares of the transportation company’s stock after selling 904 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Delta Air Lines were worth $779,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DAL. Wellington Management Group LLP increased its stake in Delta Air Lines by 220.2% during the 4th quarter. Wellington Management Group LLP now owns 8,600,741 shares of the transportation company’s stock valued at $346,008,000 after purchasing an additional 5,914,301 shares in the last quarter. Capital International Investors boosted its position in Delta Air Lines by 8.8% during the fourth quarter. Capital International Investors now owns 20,936,699 shares of the transportation company’s stock worth $842,283,000 after purchasing an additional 1,689,053 shares during the period. Norges Bank purchased a new stake in shares of Delta Air Lines in the fourth quarter worth about $65,056,000. Jennison Associates LLC lifted its holdings in shares of Delta Air Lines by 145.2% in the fourth quarter. Jennison Associates LLC now owns 2,618,627 shares of the transportation company’s stock worth $105,347,000 after buying an additional 1,550,770 shares in the last quarter. Finally, Royal London Asset Management Ltd. lifted its holdings in shares of Delta Air Lines by 27.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 6,467,749 shares of the transportation company’s stock worth $260,198,000 after buying an additional 1,376,221 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Price Performance

DAL stock traded down $0.70 during midday trading on Wednesday, hitting $37.52. The company’s stock had a trading volume of 7,874,434 shares, compared to its average volume of 9,746,304. The company has a 50 day moving average of $46.72 and a two-hundred day moving average of $45.95. Delta Air Lines, Inc. has a 12 month low of $30.60 and a 12 month high of $53.86. The firm has a market capitalization of $24.21 billion, a price-to-earnings ratio of 5.53, a price-to-earnings-growth ratio of 0.86 and a beta of 1.35. 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 (NYSE:DAL) last released its quarterly earnings results on Thursday, July 11th. The transportation company reported $2.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 in the previous year, the company earned $2.68 EPS. Delta Air Lines’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, analysts expect that Delta Air Lines, Inc. will post 6.26 EPS 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 issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Tuesday, July 30th. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.10. Delta Air Lines’s dividend payout ratio is presently 8.63%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

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