WINTON GROUP Ltd Purchases New Position in Delta Air Lines, Inc. (NYSE:DAL)

WINTON GROUP Ltd acquired a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 36,198 shares of the transportation company’s stock, valued at approximately $1,945,000.

A number of other institutional investors and hedge funds have also bought and sold shares of DAL. State of Tennessee Treasury Department lifted its stake in shares of Delta Air Lines by 78.0% during the 2nd quarter. State of Tennessee Treasury Department now owns 713,955 shares of the transportation company’s stock worth $38,368,000 after purchasing an additional 312,863 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Delta Air Lines by 57.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 116,036 shares of the transportation company’s stock worth $6,236,000 after purchasing an additional 42,150 shares during the last quarter. US Bancorp DE lifted its stake in shares of Delta Air Lines by 15.1% during the 2nd quarter. US Bancorp DE now owns 1,381,854 shares of the transportation company’s stock worth $74,262,000 after purchasing an additional 181,027 shares during the last quarter. Wesbanco Bank Inc. lifted its stake in shares of Delta Air Lines by 2.7% during the 2nd quarter. Wesbanco Bank Inc. now owns 55,360 shares of the transportation company’s stock worth $2,975,000 after purchasing an additional 1,475 shares during the last quarter. Finally, Airain ltd lifted its stake in shares of Delta Air Lines by 15.5% during the 2nd quarter. Airain ltd now owns 152,447 shares of the transportation company’s stock worth $8,193,000 after purchasing an additional 20,457 shares during the last quarter. Institutional investors own 87.56% of the company’s stock.

In related news, CEO Edward H. Bastian sold 159,240 shares of Delta Air Lines stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $53.06, for a total value of $8,449,274.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Joanne D. Smith sold 33,863 shares of Delta Air Lines stock in a transaction on Friday, October 13th. The stock was sold at an average price of $53.61, for a total transaction of $1,815,395.43. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 35,000 shares of company stock worth $274,960 and have sold 200,001 shares worth $10,630,333. 0.37% of the stock is currently owned by company insiders.

Shares of Delta Air Lines, Inc. (NYSE:DAL) traded down 0.73% during trading on Friday, reaching $50.56. The company’s stock had a trading volume of 7,573,999 shares. The firm has a market capitalization of $36.20 billion, a P/E ratio of 10.16 and a beta of 1.24. Delta Air Lines, Inc. has a 52 week low of $40.92 and a 52 week high of $55.75. The company has a 50 day moving average price of $50.24 and a 200 day moving average price of $49.94.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share (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%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $1.70 EPS. On average, equities research analysts expect that Delta Air Lines, Inc. will post $5.12 EPS for the current fiscal year.

Several research analysts recently issued reports on the company. Bank of America Corporation upped their target price on Delta Air Lines from $64.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, June 30th. BidaskClub raised Delta Air Lines from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $60.00 target price on shares of Delta Air Lines in a research report on Thursday, July 13th. ValuEngine raised Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 2nd. Finally, Imperial Capital reissued a “hold” rating and issued a $50.00 price objective on shares of Delta Air Lines in a report on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. Delta Air Lines presently has an average rating of “Buy” and an average price target of $63.84.

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Delta Air Lines Company 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.

Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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