Creative Planning cut its position in Delta Air Lines, Inc. (NYSE:DAL) by 19.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,178 shares of the transportation company’s stock after selling 14,543 shares during the period. Creative Planning’s holdings in Delta Air Lines were worth $3,180,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. FNY Managed Accounts LLC bought a new position in Delta Air Lines during the first quarter worth about $100,000. Tompkins Financial Corp acquired a new position in shares of Delta Air Lines during the first quarter worth $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 worth $111,000 after buying an additional 1,136 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Delta Air Lines during the first quarter valued at $114,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake 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. 87.59% of the stock is owned by institutional investors.
Delta Air Lines, Inc. (NYSE DAL) traded down 0.190% during midday trading on Wednesday, reaching $49.975. 3,937,374 shares of the company’s stock traded hands. The company has a market capitalization of $36.38 billion, a price-to-earnings ratio of 9.906 and a beta of 1.21. Delta Air Lines, Inc. has a 1-year low of $35.84 and a 1-year high of $55.75. The firm’s 50-day moving average is $52.87 and its 200-day moving average is $49.44.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, July 13th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by $0.02. Delta Air Lines had a return on equity of 28.33% and a net margin of 9.30%. The firm 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 business earned $1.47 earnings per share. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts forecast that Delta Air Lines, Inc. will post $5.12 earnings per share for the current year.
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Several equities research analysts recently weighed in on DAL shares. ValuEngine raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th. Vetr upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $57.50 target price on the stock in a report on Tuesday, July 25th. Deutsche Bank AG reiterated a “buy” rating and set a $62.00 price target (up previously from $58.00) on shares of Delta Air Lines in a research note on Friday, July 14th. Atlantic Securities initiated coverage on shares of Delta Air Lines in a research note on Tuesday, June 20th. They set an “overweight” rating and a $68.00 price target on the stock. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Delta Air Lines in a research note on Friday, April 7th. One research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $60.16.
In other Delta Air Lines news, EVP Joanne D. Smith sold 4,475 shares of the stock in a transaction on Friday, May 12th. The stock was sold at an average price of $49.32, for a total value of $220,707.00. Following the sale, the executive vice president now directly owns 85,398 shares of the company’s stock, valued at $4,211,829.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Edward H. Bastian sold 25,000 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $48.55, for a total value of $1,213,750.00. Following the completion of the sale, the chief executive officer now directly owns 285,508 shares in the company, valued at $13,861,413.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 379,000 shares of company stock worth $30,320 and have sold 131,306 shares worth $6,924,439. Company 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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