Delta Air Lines, Inc. (NYSE:DAL) Stake Raised by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System raised its position in Delta Air Lines, Inc. (NYSE:DAL) by 1.8% during the second quarter, Holdings Channel reports. The firm owned 45,700 shares of the transportation company’s stock after buying an additional 800 shares during the period. Louisiana State Employees Retirement System’s holdings in Delta Air Lines were worth $2,456,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. FNY Managed Accounts LLC acquired a new stake in shares of Delta Air Lines during the first quarter worth about $100,000. Tompkins Financial Corp acquired a new stake in shares of Delta Air Lines during the first quarter worth about $107,000. TrimTabs Asset Management LLC increased 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 worth $111,000 after buying an additional 1,136 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Delta Air Lines during the first quarter worth about $114,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased 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 worth $127,000 after buying an additional 793 shares during the period. Institutional investors own 86.15% of the company’s stock.

Shares of Delta Air Lines, Inc. (DAL) traded down 0.30% during mid-day trading on Wednesday, reaching $53.80. 2,692,327 shares of the company’s stock traded hands. Delta Air Lines, Inc. has a 12-month low of $35.84 and a 12-month high of $55.75. The firm has a market capitalization of $39.17 billion, a price-to-earnings ratio of 10.66 and a beta of 1.22. The stock has a 50-day moving average price of $52.86 and a 200 day moving average price of $49.37.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, July 13th. The transportation company reported $1.64 EPS for the quarter, missing the Zacks’ consensus estimate of $1.66 by $0.02. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The firm had revenue of $10.79 billion for the quarter, compared to analysts’ expectations of $10.81 billion. During the same period in the previous year, the company earned $1.47 EPS. The company’s revenue was up 3.3% on a year-over-year basis. Analysts anticipate that Delta Air Lines, Inc. will post $5.12 EPS for the current fiscal year.

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A number of brokerages recently issued reports on DAL. Vetr upgraded Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $54.35 price objective on the stock in a research report on Monday, May 8th. Imperial Capital reissued an “in-line” rating and issued a $52.00 target price on shares of Delta Air Lines in a research note on Friday, May 19th. BidaskClub raised Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Atlantic Securities started coverage on Delta Air Lines in a research note on Tuesday, June 20th. They issued an “overweight” rating and a $68.00 target price on the stock. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Delta Air Lines in a research note on Friday, May 26th. One investment analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. The company presently 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 on Friday, July 14th. The shares were sold at an average price of $55.26, for a total value of $276,300.00. Following the completion of the transaction, the vice president now owns 7,437 shares of the company’s stock, valued at $410,968.62. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, President Glen W. Hauenstein sold 67,000 shares of the firm’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $55.15, for a total transaction of $3,695,050.00. Following the completion of the transaction, the president now directly owns 239,418 shares of the company’s stock, valued at approximately $13,203,902.70. The disclosure for this sale can be found here. In the last three months, insiders have purchased 448,000 shares of company stock valued at $35,840 and have sold 127,606 shares valued at $6,724,639. Corporate insiders own 0.37% of the company’s stock.

About Delta Air Lines

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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