Delta Air Lines, Inc. $DAL Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 46.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,696 shares of the transportation company's stock after selling 9,380 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Delta Air Lines were worth $526,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Signature Resources Capital Management LLC acquired a new position in Delta Air Lines during the 2nd quarter valued at about $25,000. Wealth Preservation Advisors LLC acquired a new position in Delta Air Lines during the 1st quarter valued at about $31,000. Zions Bancorporation National Association UT acquired a new position in Delta Air Lines during the 1st quarter valued at about $33,000. Hara Capital LLC acquired a new position in Delta Air Lines during the 1st quarter valued at about $35,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Delta Air Lines in the 1st quarter worth approximately $40,000. Institutional investors and hedge funds own 69.93% of the company's stock.

Delta Air Lines Stock Performance

Shares of DAL opened at $57.13 on Thursday. The company's 50 day moving average price is $58.40 and its 200 day moving average price is $51.40. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98. The company has a market capitalization of $37.30 billion, a PE ratio of 8.28, a PEG ratio of 1.55 and a beta of 1.50. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.38.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its earnings results on Thursday, July 10th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.01 by $0.09. The firm had revenue of $15.51 billion during the quarter, compared to analysts' expectations of $16.16 billion. Delta Air Lines had a net margin of 7.24% and a return on equity of 24.86%. The company's revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.36 earnings per share. Research analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th will be paid a $0.1875 dividend. The ex-dividend date is Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a yield of 1.3%. Delta Air Lines's payout ratio is 10.87%.

Insiders Place Their Bets

In other news, CEO Edward H. Bastian sold 35,000 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $56.28, for a total value of $1,969,800.00. Following the completion of the sale, the chief executive officer directly owned 632,823 shares in the company, valued at approximately $35,615,278.44. The trade was a 5.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Steven M. Sear sold 18,000 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $55.96, for a total transaction of $1,007,280.00. Following the completion of the sale, the executive vice president owned 97,505 shares of the company's stock, valued at $5,456,379.80. The trade was a 15.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 136,473 shares of company stock valued at $7,663,496 in the last three months. Company insiders own 0.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Delta Air Lines from $53.00 to $63.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Jefferies Financial Group set a $70.00 target price on shares of Delta Air Lines and gave the stock a "buy" rating in a report on Wednesday, October 1st. Seaport Global Securities boosted their target price on shares of Delta Air Lines from $69.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, September 11th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Delta Air Lines in a report on Friday, July 11th. Finally, HSBC boosted their target price on shares of Delta Air Lines from $64.00 to $69.20 in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating and nineteen have given a Buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $67.84.

Delta Air Lines 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.

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