Liberty Capital Management Inc. Buys 315 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Liberty Capital Management Inc. increased its position in Delta Air Lines, Inc. (NYSE:DAL) by 1.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 24,107 shares of the transportation company’s stock after buying an additional 315 shares during the period. Liberty Capital Management Inc.’s holdings in Delta Air Lines were worth $1,309,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of DAL. FNY Managed Accounts LLC bought a new position in shares of Delta Air Lines during the first quarter worth about $100,000. Tompkins Financial Corp bought a new position in shares of Delta Air Lines during the first quarter worth about $107,000. TrimTabs Asset Management LLC boosted its position 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 last quarter. Advisory Services Network LLC bought a new position in shares of Delta Air Lines during the first quarter worth about $114,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position 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 last quarter. 87.70% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines, Inc. (NYSE DAL) opened at 52.26 on Monday. Delta Air Lines, Inc. has a 12 month low of $35.84 and a 12 month high of $55.75. The company has a market capitalization of $38.05 billion, a price-to-earnings ratio of 10.36 and a beta of 1.22. The firm has a 50-day moving average price of $53.10 and a 200-day moving average price of $49.43.

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

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A number of equities analysts have recently issued reports on the company. Vetr raised Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $54.35 target price for the company in a 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 report on Friday, May 19th. BidaskClub raised Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Atlantic Securities assumed coverage on Delta Air Lines in a report on Tuesday, June 20th. They issued an “overweight” rating and a $68.00 target price for the company. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Delta Air Lines in a report on Friday, May 26th. One research 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. Delta Air Lines presently has an average rating of “Buy” and a consensus price target of $59.41.

In other news, VP Craig M. Meynard sold 5,000 shares of the company’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 7,437 shares in the company, valued at $410,968.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joanne D. Smith sold 4,475 shares of the company’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $49.32, for a total transaction of $220,707.00. Following the transaction, the executive vice president now owns 85,398 shares of the company’s stock, valued at $4,211,829.36. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 342,000 shares of company stock valued at $27,360 and have sold 131,306 shares valued at $6,924,439. 0.37% of the stock is currently owned by corporate insiders.

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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