Waverton Investment Management Ltd maintained its position in Delta Air Lines, Inc. (NYSE:DAL) during the second quarter, according to its most recent filing with the SEC. The firm owned 28,700 shares of the transportation company’s stock at the end of the second quarter. Waverton Investment Management Ltd’s holdings in Delta Air Lines were worth $1,542,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. GSA Capital Partners LLP purchased a new position in shares of Delta Air Lines during the fourth quarter worth about $269,000. Quadrature Capital Ltd bought a new stake in Delta Air Lines during the fourth quarter worth $716,000. Wealthfront Inc. bought a new stake in Delta Air Lines during the fourth quarter worth $544,000. M Holdings Securities Inc. boosted its stake in 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 last quarter. Finally, Teachers Advisors LLC boosted its stake in 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 last quarter. Institutional investors own 87.70% of the company’s stock.
Delta Air Lines, Inc. (DAL) traded up 0.50% during trading on Friday, hitting $50.33. The stock had a trading volume of 8,652,638 shares. Delta Air Lines, Inc. has a 52 week low of $35.84 and a 52 week high of $55.75. The company’s 50-day moving average is $53.03 and its 200 day moving average is $49.49. The firm has a market cap of $36.64 billion, a PE ratio of 9.98 and a beta of 1.22. Delta Air Lines also was the target of unusually large options trading on Thursday. Stock investors purchased 36,394 call options on the company. This is an increase of approximately 210% compared to the typical daily volume of 11,746 call options.
Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.47 EPS. Equities analysts expect that Delta Air Lines, Inc. will post $5.12 EPS for the current fiscal year.
A number of equities analysts have recently commented on DAL shares. Zacks Investment Research raised shares of Delta Air Lines from a “hold” rating to a “strong-buy” rating and set a $62.00 target price on the stock in a report on Tuesday, July 4th. Vetr upgraded shares of 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. Citigroup Inc. lifted their price objective on shares of Delta Air Lines from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, May 12th. Bank of America Corporation boosted their target price on shares of Delta Air Lines from $64.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, June 30th. Finally, ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th. 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 stock. The company presently has a consensus rating of “Buy” and a consensus price target of $60.16.
In other Delta Air Lines news, EVP Joanne D. Smith sold 3,700 shares of the firm’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $54.00, for a total value of $199,800.00. Following the sale, the executive vice president now owns 77,223 shares of the company’s stock, valued at approximately $4,170,042. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 sale, the vice president now directly owns 7,437 shares in the company, valued at approximately $410,968.62. The disclosure for this sale can be found here. In the last three months, insiders have purchased 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.
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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