Norman Fields Gottscho Capital Management LLC raised its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 26.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 80,385 shares of the transportation company’s stock after buying an additional 16,725 shares during the period. Delta Air Lines comprises about 2.7% of Norman Fields Gottscho Capital Management LLC’s holdings, making the stock its 10th largest position. Norman Fields Gottscho Capital Management LLC’s holdings in Delta Air Lines were worth $4,320,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. FNY Managed Accounts LLC purchased a new stake in Delta Air Lines during the first quarter worth approximately $100,000. Tompkins Financial Corp purchased a new stake in Delta Air Lines during the first quarter worth approximately $107,000. TrimTabs Asset Management LLC boosted its stake in 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 in the last quarter. Advisory Services Network LLC purchased a new stake in Delta Air Lines during the first quarter worth approximately $114,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in 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 in the last quarter. Institutional investors own 86.15% of the company’s stock.
Shares of Delta Air Lines, Inc. (DAL) opened at 53.96 on Wednesday. The firm has a market cap of $39.28 billion, a price-to-earnings ratio of 10.70 and a beta of 1.22. The company’s 50 day moving average is $52.86 and its 200 day moving average is $49.37. Delta Air Lines, Inc. has a 52-week low of $35.84 and a 52-week high of $55.75.
Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.66 by $0.02. The firm had revenue of $10.79 billion for the quarter, compared to the consensus estimate of $10.81 billion. Delta Air Lines had a return on equity of 28.33% and a net margin of 9.30%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the company posted $1.47 EPS. Analysts anticipate that Delta Air Lines, Inc. will post $5.12 earnings per share for the current year.
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DAL has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th. Vetr cut shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $55.68 price objective for the company. in a research report on Thursday, June 1st. Deutsche Bank AG reaffirmed a “buy” rating and issued a $62.00 target price (up from $58.00) on shares of Delta Air Lines in a research note on Friday, July 14th. Atlantic Securities initiated coverage on shares of Delta Air Lines in a research note on Tuesday, June 20th. They issued an “overweight” rating and a $68.00 target price for the company. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Delta Air Lines in a research note on Friday, April 7th. One investment 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 stock. The stock has an average rating of “Buy” and an average target price of $59.41.
In related news, VP Craig M. Meynard sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $55.26, for a total transaction of $276,300.00. Following the sale, the vice president now owns 7,437 shares of the company’s stock, valued at approximately $410,968.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Glen W. Hauenstein sold 67,000 shares of the company’s stock in a transaction that occurred 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 sale, the president now directly owns 239,418 shares in the company, valued at approximately $13,203,902.70. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 448,000 shares of company stock worth $35,840 and have sold 127,606 shares worth $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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