Delta Air Lines, Inc. (DAL) Stake Maintained by Mackay Shields LLC

Mackay Shields LLC held its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,129 shares of the transportation company’s stock at the end of the second quarter. Mackay Shields LLC’s holdings in Delta Air Lines were worth $16,290,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in DAL. National Pension Service increased its stake in shares of Delta Air Lines by 202.2% in the second quarter. National Pension Service now owns 4,596 shares of the transportation company’s stock valued at $248,000 after buying an additional 3,075 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Delta Air Lines by 19.1% in the second quarter. State of Alaska Department of Revenue now owns 4,674 shares of the transportation company’s stock valued at $251,000 after buying an additional 750 shares in the last quarter. Bank of The West increased its stake in shares of Delta Air Lines by 1.5% in the second quarter. Bank of The West now owns 271,184 shares of the transportation company’s stock valued at $14,573,000 after buying an additional 3,898 shares in the last quarter. Banced Corp increased its stake in shares of Delta Air Lines by 1.2% in the second quarter. Banced Corp now owns 7,895 shares of the transportation company’s stock valued at $425,000 after buying an additional 96 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Delta Air Lines by 146.7% in the second quarter. Bank of Montreal Can now owns 1,296,839 shares of the transportation company’s stock valued at $69,692,000 after buying an additional 771,109 shares in the last quarter. 87.65% of the stock is currently owned by institutional investors.

Shares of Delta Air Lines, Inc. (NYSE:DAL) opened at 49.67 on Thursday. The stock has a market capitalization of $36.16 billion, a PE ratio of 9.85 and a beta of 1.20. The stock’s 50 day moving average is $52.59 and its 200 day moving average is $49.46. Delta Air Lines, Inc. has a 52-week low of $35.84 and a 52-week high of $55.75.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.66 by $0.02. The firm had revenue of $10.79 billion for the quarter, compared to analyst estimates of $10.81 billion. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. Delta Air Lines’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.47 earnings per share. Equities research analysts expect that Delta Air Lines, Inc. will post $5.12 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd will be issued a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 2.46%. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.20. Delta Air Lines’s dividend payout ratio (DPR) is presently 16.10%.

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Several brokerages have weighed in on DAL. BidaskClub downgraded Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. ValuEngine raised Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 2nd. Vetr raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $57.50 target price on the stock in a research note on Tuesday, July 25th. Evercore ISI reissued an “outperform” rating and set a $66.00 target price on shares of Delta Air Lines in a research note on Friday, July 14th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $80.00 target price (up from $75.00) on shares of Delta Air Lines in a research note on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $60.16.

In related news, VP Craig M. Meynard sold 5,000 shares of the firm’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $55.26, for a total transaction of $276,300.00. Following the completion of the sale, the vice president now directly owns 7,437 shares of the company’s stock, valued at approximately $410,968.62. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO W Gilbert West sold 26,131 shares of the firm’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $50.47, for a total transaction of $1,318,831.57. Following the sale, the chief operating officer now directly owns 89,232 shares of the company’s stock, valued at $4,503,539.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 394,000 shares of company stock valued at $31,520 and have sold 131,306 shares valued at $6,924,439. 0.37% of the stock is currently owned by company insiders.

About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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

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