Delta Air Lines, Inc. (DAL) Position Increased by BRYN MAWR TRUST Co

BRYN MAWR TRUST Co increased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 13.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,337 shares of the transportation company’s stock after buying an additional 637 shares during the period. BRYN MAWR TRUST Co’s holdings in Delta Air Lines were worth $287,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FNY Managed Accounts LLC bought a new stake in shares of Delta Air Lines during the 1st quarter worth $100,000. TrimTabs Asset Management LLC boosted its holdings in shares of Delta Air Lines by 88.8% during the 1st quarter. TrimTabs Asset Management LLC now owns 2,416 shares of the transportation company’s stock worth $111,000 after buying an additional 1,136 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Delta Air Lines by 104.3% during the 2nd quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company’s stock worth $137,000 after buying an additional 1,298 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Delta Air Lines by 40.3% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 2,761 shares of the transportation company’s stock worth $127,000 after buying an additional 793 shares during the period. Finally, Ruggie Capital Group boosted its holdings in shares of Delta Air Lines by 1,187.0% during the 1st quarter. Ruggie Capital Group now owns 2,767 shares of the transportation company’s stock worth $127,000 after buying an additional 2,552 shares during the period. 86.26% of the stock is owned by institutional investors and hedge funds.

A number of analysts have weighed in on DAL shares. Vetr downgraded shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $55.68 price target for the company. in a report on Thursday, June 1st. Stifel Nicolaus reissued a “buy” rating on shares of Delta Air Lines in a report on Friday, May 26th. Bank of America Corporation increased their price target on shares of Delta Air Lines from $64.00 to $71.00 and gave the company a “buy” rating in a report on Friday, June 30th. ValuEngine downgraded shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $62.00 price target (up from $58.00) on shares of Delta Air Lines in a report on Friday, July 14th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $61.97.

Delta Air Lines, Inc. (NYSE DAL) opened at 48.04 on Thursday. The firm has a market cap of $34.97 billion, a PE ratio of 9.52 and a beta of 1.25. The stock has a 50 day moving average of $48.31 and a 200-day moving average of $49.10. Delta Air Lines, Inc. has a 52 week low of $37.48 and a 52 week high of $55.75.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 23rd were given a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend was Monday, August 21st. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.20. Delta Air Lines’s payout ratio is presently 24.25%.

In other news, EVP Joanne D. Smith sold 3,700 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $54.00, for a total value of $199,800.00. Following the completion of the sale, the executive vice president now owns 77,223 shares of the company’s stock, valued at $4,170,042. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Glen W. Hauenstein sold 67,000 shares of the business’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $55.15, for a total transaction of $3,695,050.00. Following the completion of the sale, the president now directly owns 239,418 shares of the company’s stock, valued at approximately $13,203,902.70. The disclosure for this sale can be found here. In the last three months, insiders bought 191,000 shares of company stock valued at $287,440 and sold 75,700 shares valued at $4,171,150. Insiders own 0.37% of the company’s stock.

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Delta Air Lines Company Profile

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.

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

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