Pensionfund Sabic purchased a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 34,000 shares of the transportation company’s stock, valued at approximately $1,684,000.
A number of other institutional investors have also bought and sold shares of the business. Mount Yale Investment Advisors LLC acquired a new stake in Delta Air Lines in the first quarter valued at $663,000. Nicola Wealth Management LTD. purchased a new position in shares of Delta Air Lines during the first quarter worth about $2,686,000. Suntrust Banks Inc. grew its holdings in shares of Delta Air Lines by 2.0% during the first quarter. Suntrust Banks Inc. now owns 560,522 shares of the transportation company’s stock worth $30,722,000 after purchasing an additional 11,102 shares during the last quarter. BKD Wealth Advisors LLC purchased a new position in shares of Delta Air Lines during the first quarter worth about $534,000. Finally, Summit Trail Advisors LLC grew its holdings in shares of Delta Air Lines by 569.8% during the first quarter. Summit Trail Advisors LLC now owns 19,356 shares of the transportation company’s stock worth $143,000 after purchasing an additional 16,466 shares during the last quarter. Institutional investors own 86.35% of the company’s stock.
Shares of NYSE DAL traded up $0.23 during midday trading on Monday, reaching $49.77. 315,492 shares of the company were exchanged, compared to its average volume of 6,501,978. The company has a quick ratio of 0.33, a current ratio of 0.39 and a debt-to-equity ratio of 0.51. Delta Air Lines, Inc. has a 1 year low of $44.59 and a 1 year high of $60.79. The firm has a market cap of $34.75 billion, a P/E ratio of 9.99 and a beta of 1.12.
Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, April 12th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.01. Delta Air Lines had a return on equity of 26.19% and a net margin of 8.37%. The firm had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.89 billion. During the same quarter last year, the company posted $0.77 earnings per share. The business’s revenue was up 9.5% on a year-over-year basis. analysts anticipate that Delta Air Lines, Inc. will post 5.81 earnings per share for the current year.
In related news, COO W Gilbert West sold 17,250 shares of the firm’s stock in a transaction dated Wednesday, April 18th. The stock was sold at an average price of $55.00, for a total transaction of $948,750.00. Following the transaction, the chief operating officer now owns 119,447 shares of the company’s stock, valued at $6,569,585. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Joanne D. Smith sold 12,000 shares of the firm’s stock in a transaction dated Thursday, May 31st. The stock was sold at an average price of $54.50, for a total value of $654,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 64,497 shares of company stock worth $3,543,174. Corporate insiders own 0.33% of the company’s stock.
Several equities analysts have issued reports on the company. Imperial Capital raised their price objective on Delta Air Lines from $68.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, June 1st. Morgan Stanley raised their price objective on Delta Air Lines from $66.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, April 20th. Cfra reaffirmed a “buy” rating and set a $70.00 price objective on shares of Delta Air Lines in a report on Monday, June 18th. Zacks Investment Research lowered Delta Air Lines from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 13th. Finally, Buckingham Research dropped their price objective on Delta Air Lines from $76.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, June 7th. Two analysts have rated the stock with a sell rating, one has given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $68.58.
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 route network is centered on a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DAL).
Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.