ProShare Advisors LLC Sells 17,824 Shares of Delta Air Lines, Inc. (NYSE:DAL)

ProShare Advisors LLC lessened its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 15.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 94,379 shares of the transportation company’s stock after selling 17,824 shares during the period. ProShare Advisors LLC’s holdings in Delta Air Lines were worth $4,477,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DAL. Capital International Investors lifted its holdings in shares of 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 buying an additional 1,689,053 shares during the last quarter. Capital World Investors raised its stake in Delta Air Lines by 0.3% during the 1st quarter. Capital World Investors now owns 15,030,836 shares of the transportation company’s stock valued at $719,526,000 after purchasing an additional 49,712 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Delta Air Lines by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock valued at $471,330,000 after purchasing an additional 1,105,674 shares during the period. Wellington Management Group LLP grew its position in Delta Air Lines by 220.2% in the 4th quarter. Wellington Management Group LLP now owns 8,600,741 shares of the transportation company’s stock worth $346,008,000 after purchasing an additional 5,914,301 shares during the last quarter. Finally, Royal London Asset Management Ltd. increased its holdings in shares of Delta Air Lines by 27.0% during the 4th quarter. Royal London Asset Management Ltd. now owns 6,467,749 shares of the transportation company’s stock worth $260,198,000 after purchasing an additional 1,376,221 shares during the period. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Up 6.3 %

Shares of Delta Air Lines stock opened at $51.81 on Friday. The stock has a market capitalization of $33.44 billion, a P/E ratio of 7.45, a price-to-earnings-growth ratio of 0.90 and a beta of 1.34. Delta Air Lines, Inc. has a 12-month low of $30.60 and a 12-month high of $53.86. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.21. The company has a 50-day simple moving average of $42.54 and a 200 day simple moving average of $46.40.

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 analysts’ consensus estimates of $2.37 by ($0.01). The firm had revenue of $15.41 billion during 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 quarter last year, the firm posted $2.68 EPS. Research analysts expect that Delta Air Lines, Inc. will post 6.18 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be paid a $0.15 dividend. The ex-dividend date is Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.16%. Delta Air Lines’s dividend payout ratio (DPR) is presently 8.63%.

Analysts Set New Price Targets

Several research firms recently weighed in on DAL. Jefferies Financial Group reduced their target price on shares of Delta Air Lines from $58.00 to $56.00 and set a “buy” rating for the company in a research note on Friday, June 28th. TD Cowen decreased their price objective on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Sanford C. Bernstein reduced their target price on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating for the company in a research report on Friday, July 12th. Finally, BNP Paribas upgraded shares of Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $61.52.

Insider Activity at Delta Air Lines

In related news, Director Willie Cw Chiang acquired 10,000 shares of the stock in a transaction on Friday, July 12th. The stock was purchased at an average price of $43.90 per share, for a total transaction of $439,000.00. Following the transaction, the director now 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 available through this link. 0.96% of the stock is currently owned by company insiders.

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.