Banced Corp boosted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 filing with the SEC.
Other large investors have also recently modified their holdings of the company. FNY Managed Accounts LLC purchased a new stake in shares of Delta Air Lines during the first quarter valued at approximately $100,000. Tompkins Financial Corp bought a new position in shares of Delta Air Lines during the first quarter valued at about $107,000. TrimTabs Asset Management LLC increased 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 valued at $111,000 after buying an additional 1,136 shares during the period. Advisory Services Network LLC bought a new position in shares of Delta Air Lines during the first quarter valued at about $114,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased 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 valued at $127,000 after buying an additional 793 shares during the period. Institutional investors own 87.59% of the company’s stock.
Shares of Delta Air Lines, Inc. (NYSE:DAL) traded up 0.679% during mid-day trading on Tuesday, hitting $49.695. The stock had a trading volume of 4,415,641 shares. Delta Air Lines, Inc. has a 1-year low of $35.84 and a 1-year high of $55.75. The firm has a market capitalization of $36.18 billion, a PE ratio of 9.850 and a beta of 1.22. The stock’s 50-day moving average is $52.93 and its 200-day moving average is $49.45.
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. The company had revenue of $10.79 billion during 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%. Delta Air Lines’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.47 earnings per share. Equities analysts expect that Delta Air Lines, Inc. will post $5.12 earnings per share for the current year.
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Several brokerages recently issued reports on DAL. BidaskClub downgraded shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Cowen and Company upped their price target on shares of Delta Air Lines from $58.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, July 13th. Vetr upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $56.43 price target on the stock in a research report on Tuesday, July 18th. Stifel Nicolaus reiterated a “buy” rating and set a $80.00 price target (up previously from $75.00) on shares of Delta Air Lines in a research report on Friday, July 14th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $60.00 price target on shares of Delta Air Lines in a research report on Thursday, July 13th. One 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. Delta Air Lines presently has a consensus rating of “Buy” and an average target price of $60.16.
In related news, EVP Joanne D. Smith sold 3,700 shares of Delta Air Lines stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 77,223 shares of the company’s stock, valued at $4,170,042. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Craig M. Meynard sold 5,000 shares of Delta Air Lines stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $55.26, for a total value 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 disclosure for this sale can be found here. Over the last ninety days, insiders purchased 379,000 shares of company stock worth $30,320 and sold 131,306 shares worth $6,924,439. 0.37% of the stock is owned by insiders.
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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