Mizuho Securities Co. Ltd. Acquires 620 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Mizuho Securities Co. Ltd. boosted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 38.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,220 shares of the transportation company’s stock after buying an additional 620 shares during the quarter. Mizuho Securities Co. Ltd.’s holdings in Delta Air Lines were worth $105,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Capital International Investors boosted its position in shares of Delta Air Lines by 8.8% in 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. Capital World Investors boosted its position in shares of Delta Air Lines by 0.3% in the first quarter. Capital World Investors now owns 15,030,836 shares of the transportation company’s stock worth $719,526,000 after purchasing an additional 49,712 shares during the period. Wellington Management Group LLP boosted its position in shares of Delta Air Lines by 220.2% in the fourth 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 period. Dimensional Fund Advisors LP boosted its position in shares of Delta Air Lines by 10.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,374,052 shares of the transportation company’s stock worth $336,908,000 after purchasing an additional 826,232 shares during the period. Finally, Royal London Asset Management Ltd. boosted its position 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 purchasing an additional 1,376,221 shares during the period. 69.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DAL. Sanford C. Bernstein dropped their price target on shares of 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. TD Cowen lowered their target price on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Jefferies Financial Group lowered 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. HSBC initiated coverage on shares of Delta Air Lines in a report on Monday, May 13th. They issued a “buy” rating and a $72.80 target price on the stock. Finally, Citigroup boosted their target price on shares of Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Delta Air Lines has an average rating of “Buy” and a consensus target price of $60.70.

Delta Air Lines Trading Up 2.2 %

Shares of Delta Air Lines stock traded up $0.93 on Friday, hitting $42.49. 8,651,954 shares of the company traded hands, compared to its average volume of 7,878,807. The stock’s 50 day moving average price is $43.16 and its 200-day moving average price is $45.98. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. Delta Air Lines, Inc. has a 52 week low of $30.60 and a 52 week high of $53.86. The company has a market cap of $27.42 billion, a PE ratio of 6.11, a PEG ratio of 0.93 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.36 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.01). The business had revenue of $15.41 billion during the quarter, compared to the consensus estimate of $15.45 billion. Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $2.68 EPS. Equities research analysts predict that Delta Air Lines, Inc. will post 5.94 EPS for the current year.

Delta Air Lines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, July 30th were paid a $0.15 dividend. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, July 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.41%. Delta Air Lines’s payout ratio is 8.63%.

Insider Buying and Selling

In other Delta Air Lines news, Director Willie Cw Chiang acquired 10,000 shares of Delta Air Lines stock in a transaction that occurred on Friday, July 12th. The stock was bought at an average price of $43.90 per share, with a total value of $439,000.00. Following the completion of the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $878,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.96% of the stock is currently owned by insiders.

Delta Air Lines Company 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.