Toronto Dominion Bank increased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 27.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 243,113 shares of the transportation company’s stock after buying an additional 51,859 shares during the period. Toronto Dominion Bank’s holdings in Delta Air Lines were worth $13,063,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in DAL. FNY Managed Accounts LLC bought a new stake in shares of Delta Air Lines during the 1st quarter worth about $100,000. Mountain Capital Investment Advisors Inc bought a new stake in shares of Delta Air Lines during the 2nd quarter worth about $114,000. BB&T Investment Services Inc. bought a new stake in shares of Delta Air Lines during the 2nd quarter worth about $128,000. 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. Finally, Advisory Services Network LLC boosted its holdings in shares of Delta Air Lines by 3.0% during the 2nd quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock worth $137,000 after buying an additional 75 shares during the period. 86.22% of the stock is owned by institutional investors and hedge funds.
Shares of Delta Air Lines, Inc. (DAL) traded down 0.54% during trading on Monday, hitting $53.67. 1,723,232 shares of the stock traded hands. The company has a market cap of $39.07 billion, a P/E ratio of 10.64 and a beta of 1.25. Delta Air Lines, Inc. has a 1-year low of $39.05 and a 1-year high of $55.75. The stock has a 50-day moving average of $49.03 and a 200 day moving average of $49.55.
Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Wednesday, October 11th. The transportation company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.04. The company had revenue of $11.06 billion during the quarter, compared to analyst estimates of $11.03 billion. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. Delta Air Lines’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $1.70 earnings per share. On average, equities research analysts predict that Delta Air Lines, Inc. will post $5.12 EPS for the current fiscal year.
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In related news, insider Steven M. Sear sold 6,898 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $53.01, for a total value of $365,662.98. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Joanne D. Smith sold 3,700 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $54.00, for a total transaction of $199,800.00. Following the completion of the sale, the executive vice president now directly owns 77,223 shares in the company, valued at $4,170,042. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 75,000 shares of company stock worth $278,160 and sold 169,838 shares worth $9,014,737. Company insiders own 0.37% of the company’s stock.
A number of analysts have issued reports on the stock. Cowen and Company boosted their price objective on shares of Delta Air Lines from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday. Imperial Capital raised shares of Delta Air Lines from an “in-line” rating to an “outperform” rating and set a $63.00 price objective for the company in a report on Thursday. Morgan Stanley reissued an “overweight” rating and issued a $57.00 price objective (up previously from $56.00) on shares of Delta Air Lines in a report on Wednesday, October 4th. UBS AG reissued a “buy” rating and issued a $62.00 price objective (down previously from $65.00) on shares of Delta Air Lines in a report on Saturday, September 30th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and issued a $63.00 price objective (down previously from $67.00) on shares of Delta Air Lines in a report on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $62.91.
Delta Air Lines 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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