Deane Retirement Strategies Inc. bought a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 29,047 shares of the transportation company’s stock, valued at approximately $1,561,000. Delta Air Lines makes up 1.3% of Deane Retirement Strategies Inc.’s portfolio, making the stock its 25th largest position.
Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Delta Air Lines by 2,951.4% in the first quarter. BlackRock Inc. now owns 45,260,856 shares of the transportation company’s stock worth $2,080,189,000 after buying an additional 43,777,555 shares in the last quarter. Winslow Capital Management LLC raised its position in shares of Delta Air Lines by 5,815,030.8% in the first quarter. Winslow Capital Management LLC now owns 4,535,802 shares of the transportation company’s stock worth $208,465,000 after buying an additional 4,535,724 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Delta Air Lines by 85.6% in the first quarter. Dimensional Fund Advisors LP now owns 7,039,445 shares of the transportation company’s stock worth $323,542,000 after buying an additional 3,245,791 shares in the last quarter. Primecap Management Co. CA raised its position in shares of Delta Air Lines by 9.3% in the first quarter. Primecap Management Co. CA now owns 22,713,894 shares of the transportation company’s stock worth $1,043,931,000 after buying an additional 1,930,614 shares in the last quarter. Finally, Lansdowne Partners UK LLP raised its position in shares of Delta Air Lines by 7.3% in the first quarter. Lansdowne Partners UK LLP now owns 28,103,972 shares of the transportation company’s stock worth $1,291,656,000 after buying an additional 1,918,036 shares in the last quarter. 87.70% of the stock is currently owned by institutional investors and hedge funds.
Shares of Delta Air Lines, Inc. (NYSE DAL) traded up 0.50% during midday trading on Friday, reaching $50.33. 8,652,638 shares of the company were exchanged. The stock’s 50-day moving average price is $53.03 and its 200-day moving average price is $49.49. Delta Air Lines, Inc. has a 52-week low of $35.84 and a 52-week high of $55.75. The company has a market capitalization of $36.64 billion, a PE ratio of 9.98 and a beta of 1.22. Delta Air Lines also was the recipient of some unusual options trading activity on Thursday. Traders bought 36,394 call options on the company. This represents an increase of 210% compared to the typical daily volume of 11,746 call options.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data 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 company had revenue of $10.79 billion for the quarter, compared to the consensus estimate of $10.81 billion. During the same quarter last year, the company earned $1.47 earnings per share. The company’s revenue was up 3.3% compared to the same quarter last year. Analysts anticipate that Delta Air Lines, Inc. will post $5.12 EPS for the current year.
A number of research firms have weighed in on DAL. ValuEngine raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 20th. Vetr lowered shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $55.68 target price on the stock. in a research note on Thursday, June 1st. Deutsche Bank AG reissued 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 began coverage on shares of Delta Air Lines in a report on Tuesday, June 20th. They set an “overweight” rating and a $68.00 price target for the company. Finally, Morgan Stanley restated an “overweight” rating on shares of Delta Air Lines in a report on Friday, April 7th. One investment analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $60.16.
In other Delta Air Lines news, VP Craig M. Meynard sold 5,000 shares of the 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 transaction, the vice president now directly owns 7,437 shares in the company, valued at approximately $410,968.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $3,695,050.00. Following the completion of the transaction, the president now owns 239,418 shares in the company, valued at $13,203,902.70. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 381,000 shares of company stock worth $30,480 and have sold 131,306 shares worth $6,924,439. 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.
Receive News & Ratings for Delta Air Lines Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
