Banced Corp increased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 1.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 7,895 shares of the transportation company’s stock after buying an additional 96 shares during the period. Banced Corp’s holdings in Delta Air Lines were worth $425,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in DAL. GSA Capital Partners LLP bought a new stake in shares of Delta Air Lines during the fourth quarter worth $269,000. Quadrature Capital Ltd bought a new stake in shares of Delta Air Lines during the fourth quarter worth $716,000. Wealthfront Inc. bought a new stake in shares of Delta Air Lines during the fourth quarter worth $544,000. M Holdings Securities Inc. boosted its stake in shares of Delta Air Lines by 1.4% in the fourth quarter. M Holdings Securities Inc. now owns 7,718 shares of the transportation company’s stock worth $380,000 after buying an additional 103 shares during the period. Finally, Teachers Advisors LLC boosted its stake in shares of Delta Air Lines by 22.6% in the fourth quarter. Teachers Advisors LLC now owns 1,377,648 shares of the transportation company’s stock worth $67,767,000 after buying an additional 253,661 shares during the period. Hedge funds and other institutional investors own 86.15% of the company’s stock.
Delta Air Lines, Inc. (NYSE:DAL) opened at 52.26 on Friday. The company has a 50-day moving average price of $53.10 and a 200 day moving average price of $49.43. The company has a market cap of $38.05 billion, a PE ratio of 10.36 and a beta of 1.22. 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 issued its quarterly earnings data 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 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 company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.47 EPS. On average, analysts forecast that Delta Air Lines, Inc. will post $5.12 EPS for the current fiscal year.
DAL has been the topic of several research analyst reports. Evercore ISI restated an “outperform” rating on shares of Delta Air Lines in a report on Thursday, April 6th. Morgan Stanley restated an “overweight” rating on shares of Delta Air Lines in a report on Friday, April 7th. Cowen and Company decreased their target price on Delta Air Lines from $60.00 to $58.00 and set an “outperform” rating on the stock in a report on Monday, April 10th. Deutsche Bank AG increased their target price on Delta Air Lines from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, April 18th. Finally, Vetr cut Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $52.43 target price on the stock. in a report on Tuesday, May 2nd. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. The stock has an average 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 company’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 owns 7,437 shares in the company, valued at approximately $410,968.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Joanne D. Smith sold 3,700 shares of the company’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $54.00, for a total value of $199,800.00. Following the completion of the sale, the executive vice president now owns 77,223 shares in the company, valued at approximately $4,170,042. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 442,000 shares of company stock worth $35,360 and have sold 131,306 shares worth $6,924,439. 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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