ASR Vermogensbeheer N.V. Buys Shares of 6,815 Delta Air Lines, Inc. (NYSE:DAL)

ASR Vermogensbeheer N.V. acquired a new position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,815 shares of the transportation company's stock, valued at approximately $297,000.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Delta Air Lines by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 72,924,506 shares of the transportation company's stock valued at $3,179,508,000 after acquiring an additional 514,264 shares during the period. Sanders Capital LLC boosted its stake in shares of Delta Air Lines by 6.9% in the fourth quarter. Sanders Capital LLC now owns 29,764,524 shares of the transportation company's stock worth $1,800,754,000 after acquiring an additional 1,922,932 shares during the period. Capital World Investors boosted its stake in shares of Delta Air Lines by 0.3% in the fourth quarter. Capital World Investors now owns 15,180,467 shares of the transportation company's stock worth $918,419,000 after acquiring an additional 46,101 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Delta Air Lines by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,090,209 shares of the transportation company's stock worth $670,994,000 after acquiring an additional 92,208 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Delta Air Lines by 66.9% in the first quarter. Bank of New York Mellon Corp now owns 5,915,545 shares of the transportation company's stock worth $257,918,000 after acquiring an additional 2,370,795 shares during the period. Institutional investors own 69.93% of the company's stock.

Delta Air Lines Trading Down 0.7%

Shares of DAL traded down $0.40 during mid-day trading on Thursday, reaching $59.02. 3,467,982 shares of the company's stock traded hands, compared to its average volume of 10,821,040. The stock has a market cap of $38.54 billion, a P/E ratio of 8.55, a P/E/G ratio of 1.82 and a beta of 1.56. The stock's 50-day moving average is $52.25 and its two-hundred day moving average is $51.39. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.38 and a quick ratio of 0.33.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings results on Thursday, July 10th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.01 by $0.09. The firm had revenue of $15,507,000 billion during the quarter, compared to analyst estimates of $16.16 billion. Delta Air Lines had a return on equity of 24.86% and a net margin of 7.24%. Delta Air Lines's quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the company earned $2.36 EPS. Research analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, July 31st will be given a $0.1875 dividend. This is a boost from Delta Air Lines's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $0.75 annualized dividend and a yield of 1.3%. Delta Air Lines's dividend payout ratio is currently 10.87%.

Analyst Upgrades and Downgrades

DAL has been the subject of a number of recent analyst reports. Wolfe Research upped their price objective on Delta Air Lines from $56.00 to $63.00 in a research note on Monday, July 14th. Susquehanna Bancshares upped their price objective on Delta Air Lines from $51.00 to $65.00 and gave the stock a "positive" rating in a research note on Friday, July 11th. BNP Paribas Exane boosted their target price on Delta Air Lines from $58.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, July 11th. Bernstein Bank boosted their target price on Delta Air Lines from $60.00 to $66.00 and gave the stock an "outperform" rating in a research report on Friday, July 11th. Finally, Barclays boosted their target price on Delta Air Lines from $58.00 to $65.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Delta Air Lines presently has a consensus rating of "Moderate Buy" and an average price target of $66.21.

Insiders Place Their Bets

In other Delta Air Lines news, EVP Steven M. Sear sold 18,000 shares of the company's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $55.96, for a total value of $1,007,280.00. Following the transaction, the executive vice president owned 97,505 shares of the company's stock, valued at $5,456,379.80. This represents a 15.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Peter W. Carter sold 17,550 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $57.19, for a total value of $1,003,684.50. Following the transaction, the executive vice president owned 191,442 shares in the company, valued at $10,948,567.98. The trade was a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 133,973 shares of company stock worth $7,511,746. Insiders own 0.88% of the company's stock.

About Delta Air Lines

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.