Lingohr & Partner Asset Management GmbH lowered its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 25.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 22,351 shares of the transportation company’s stock after selling 7,540 shares during the quarter. Lingohr & Partner Asset Management GmbH’s holdings in Delta Air Lines were worth $1,252,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DAL. Mountain Capital Investment Advisors Inc bought a new position in shares of Delta Air Lines during the 2nd quarter valued at approximately $114,000. BB&T Investment Services Inc. purchased a new position in Delta Air Lines during the 2nd quarter valued at $128,000. Advisory Services Network LLC boosted its holdings in 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 valued at $137,000 after acquiring an additional 75 shares during the period. IHT Wealth Management LLC boosted its holdings in Delta Air Lines by 40.9% during the 2nd quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock valued at $146,000 after acquiring an additional 220 shares during the period. Finally, Blue Granite Capital LLC purchased a new position in Delta Air Lines during the 3rd quarter valued at $162,000. 85.07% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Edward H. Bastian sold 25,000 shares of the stock in a transaction that occurred on Saturday, December 29th. The stock was sold at an average price of $56.47, for a total value of $1,411,750.00. Following the completion of the sale, the chief executive officer now owns 240,508 shares of the company’s stock, valued at $13,581,486.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Peter W. Carter sold 19,809 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $50.42, for a total value of $998,769.78. Following the completion of the sale, the executive vice president now directly owns 67,077 shares of the company’s stock, valued at approximately $3,382,022.34. The disclosure for this sale can be found here. Insiders have sold 322,809 shares of company stock worth $18,200,262 in the last quarter. 0.37% of the stock is currently owned by company insiders.
Shares of Delta Air Lines, Inc. (NYSE:DAL) traded down $0.27 during mid-day trading on Friday, reaching $59.45. The company’s stock had a trading volume of 5,846,600 shares, compared to its average volume of 10,284,625. The stock has a market capitalization of $42,510.00, a P/E ratio of 12.03, a P/E/G ratio of 0.80 and a beta of 1.30. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.47. Delta Air Lines, Inc. has a 52 week low of $43.81 and a 52 week high of $60.79.
Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Delta Air Lines had a return on equity of 26.28% and a net margin of 8.67%. Delta Air Lines’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.82 earnings per share. equities research analysts anticipate that Delta Air Lines, Inc. will post 6.42 EPS for the current year.
A number of research firms recently issued reports on DAL. Imperial Capital restated an “outperform” rating and set a $65.00 price objective (up previously from $63.00) on shares of Delta Air Lines in a report on Friday, January 12th. Stephens set a $67.00 price objective on Delta Air Lines and gave the company a “buy” rating in a report on Monday, December 18th. Sanford C. Bernstein set a $67.00 price objective on Delta Air Lines and gave the company a “buy” rating in a report on Wednesday, January 10th. Vetr upgraded Delta Air Lines from a “strong sell” rating to a “sell” rating and set a $49.97 target price for the company in a report on Wednesday, January 3rd. Finally, Cowen upped their target price on Delta Air Lines from $62.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Delta Air Lines presently has a consensus rating of “Buy” and a consensus target price of $65.53.
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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.
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