Cardinal Capital Management Inc. Has $699,000 Position in Delta Air Lines, Inc. (NYSE:DAL)

Cardinal Capital Management Inc. raised its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 9.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 13,000 shares of the transportation company’s stock after buying an additional 1,100 shares during the period. Cardinal Capital Management Inc.’s holdings in Delta Air Lines were worth $699,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. FNY Managed Accounts LLC acquired a new stake in shares of Delta Air Lines during the first quarter valued at approximately $100,000. Tompkins Financial Corp acquired a new stake in shares of Delta Air Lines during the first quarter valued at approximately $107,000. TrimTabs Asset Management LLC boosted its stake in shares of Delta Air Lines by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,416 shares of the transportation company’s stock valued at $111,000 after buying an additional 1,136 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Delta Air Lines during the first quarter valued at approximately $114,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Delta Air Lines by 40.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 2,761 shares of the transportation company’s stock valued at $127,000 after buying an additional 793 shares during the last quarter. Institutional investors and hedge funds own 86.15% of the company’s stock.

Delta Air Lines, Inc. (NYSE:DAL) opened at 53.96 on Wednesday. The firm has a market cap of $39.28 billion, a PE ratio of 10.70 and a beta of 1.22. The stock’s 50 day moving average is $52.86 and its 200 day moving average is $49.37. Delta Air Lines, Inc. has a 12 month low of $35.84 and a 12 month high of $55.75.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.66 by $0.02. The firm had revenue of $10.79 billion during the quarter, compared to analysts’ expectations of $10.81 billion. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.47 EPS. On average, equities analysts forecast that Delta Air Lines, Inc. will post $5.12 earnings per share for the current year.

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Several brokerages have commented on DAL. Vetr upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $54.35 price objective for the company in a research note on Monday, May 8th. Imperial Capital restated an “in-line” rating and set a $52.00 price objective on shares of Delta Air Lines in a research note on Friday, May 19th. BidaskClub upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Atlantic Securities began coverage on shares of Delta Air Lines in a research note on Tuesday, June 20th. They set an “overweight” rating and a $68.00 price objective for the company. Finally, Stifel Nicolaus restated a “buy” rating on shares of Delta Air Lines in a research note on Friday, May 26th. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $59.41.

In other Delta Air Lines news, VP Craig M. Meynard sold 5,000 shares of the firm’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $55.26, for a total value of $276,300.00. Following the sale, the vice president now directly owns 7,437 shares of the company’s stock, valued at approximately $410,968.62. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Glen W. Hauenstein sold 67,000 shares of the firm’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $55.15, for a total value of $3,695,050.00. Following the completion of the sale, the president now directly owns 239,418 shares in the company, valued at $13,203,902.70. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 448,000 shares of company stock valued at $35,840 and have sold 127,606 shares valued at $6,724,639. Company insiders own 0.37% of the company’s stock.

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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