Dimensional Fund Advisors LP Has $316.62 Million Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Dimensional Fund Advisors LP grew its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 30.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,660,845 shares of the transportation company’s stock after acquiring an additional 1,572,919 shares during the quarter. Dimensional Fund Advisors LP owned 1.04% of Delta Air Lines worth $316,616,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Delta Air Lines by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 68,234,306 shares of the transportation company’s stock worth $2,700,032,000 after purchasing an additional 1,267,578 shares during the last quarter. State Street Corp increased its stake in shares of Delta Air Lines by 2.8% during the 1st quarter. State Street Corp now owns 21,652,643 shares of the transportation company’s stock worth $756,110,000 after purchasing an additional 579,727 shares during the last quarter. FMR LLC increased its stake in shares of Delta Air Lines by 30.4% during the 1st quarter. FMR LLC now owns 14,779,351 shares of the transportation company’s stock worth $516,095,000 after purchasing an additional 3,445,953 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Delta Air Lines by 2.7% during the 1st quarter. Geode Capital Management LLC now owns 13,168,804 shares of the transportation company’s stock worth $459,144,000 after purchasing an additional 351,286 shares during the last quarter. Finally, GMT Capital Corp increased its stake in shares of Delta Air Lines by 15.3% during the 1st quarter. GMT Capital Corp now owns 6,228,200 shares of the transportation company’s stock worth $217,489,000 after purchasing an additional 828,600 shares during the last quarter. Institutional investors and hedge funds own 71.29% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Joanne D. Smith sold 9,390 shares of the firm’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $34.80, for a total transaction of $326,772.00. Following the completion of the sale, the executive vice president now owns 98,392 shares in the company, valued at $3,424,041.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director David S. Taylor bought 10,000 shares of the company’s stock in a transaction on Wednesday, October 18th. The shares were purchased at an average price of $33.09 per share, for a total transaction of $330,900.00. Following the completion of the transaction, the director now directly owns 17,470 shares in the company, valued at approximately $578,082.30. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Joanne D. Smith sold 9,390 shares of the stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $34.80, for a total value of $326,772.00. Following the sale, the executive vice president now owns 98,392 shares in the company, valued at approximately $3,424,041.60. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $35.77 on Thursday. The firm has a market capitalization of $23.02 billion, a PE ratio of 6.77, a price-to-earnings-growth ratio of 0.17 and a beta of 1.36. The firm has a fifty day simple moving average of $35.50 and a two-hundred day simple moving average of $39.58. The company has a current ratio of 0.44, a quick ratio of 0.39 and a debt-to-equity ratio of 1.90. Delta Air Lines, Inc. has a 12 month low of $30.60 and a 12 month high of $49.81.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, October 12th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.08. The company had revenue of $15.49 billion for the quarter, compared to analysts’ expectations of $14.55 billion. Delta Air Lines had a return on equity of 54.95% and a net margin of 5.94%. Delta Air Lines’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.51 earnings per share. Analysts forecast that Delta Air Lines, Inc. will post 6.1 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 2nd. Shareholders of record on Thursday, October 12th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, October 11th. This represents a $0.40 annualized dividend and a dividend yield of 1.12%. Delta Air Lines’s dividend payout ratio is currently 7.58%.

Analyst Ratings Changes

A number of brokerages recently commented on DAL. Susquehanna decreased their price target on shares of Delta Air Lines from $60.00 to $44.00 and set a “positive” rating on the stock in a research note on Wednesday, October 11th. Sanford C. Bernstein lowered their target price on Delta Air Lines from $62.00 to $61.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 26th. Citigroup reduced their price target on Delta Air Lines from $64.00 to $56.00 in a research note on Wednesday, October 4th. TheStreet downgraded Delta Air Lines from a “b-” rating to a “c+” rating in a research note on Friday, November 10th. Finally, Bank of America reduced their price target on Delta Air Lines from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, October 3rd. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $54.40.

Delta Air Lines Profile

Delta Air Lines, Inc engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment provides jet fuel to the airline segment.