United Bank boosted its position in Delta Air Lines, Inc. (NYSE:DAL) by 4.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,822 shares of the transportation company’s stock after buying an additional 204 shares during the period. United Bank’s holdings in Delta Air Lines were worth $259,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Quadrature Capital Ltd purchased a new position in Delta Air Lines during the fourth quarter worth about $716,000. Macquarie Group Ltd. boosted its position in Delta Air Lines by 180.5% in the fourth quarter. Macquarie Group Ltd. now owns 237,005 shares of the transportation company’s stock worth $11,659,000 after buying an additional 152,505 shares during the last quarter. Norman Fields Gottscho Capital Management LLC purchased a new position in Delta Air Lines during the first quarter worth about $2,926,000. Chevy Chase Trust Holdings Inc. boosted its position in Delta Air Lines by 10.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 1,247,785 shares of the transportation company’s stock worth $57,349,000 after buying an additional 117,858 shares during the last quarter. Finally, Trust Co boosted its position in Delta Air Lines by 22.0% in the fourth quarter. Trust Co now owns 20,599 shares of the transportation company’s stock worth $1,013,000 after buying an additional 3,712 shares during the last quarter. Hedge funds and other institutional investors own 87.59% of the company’s stock.
Delta Air Lines, Inc. (DAL) opened at 50.01 on Thursday. The firm’s 50-day moving average price is $52.87 and its 200-day moving average price is $49.44. 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 cap of $36.41 billion, a price-to-earnings ratio of 9.91 and a beta of 1.21.
Delta Air Lines (NYSE:DAL) last announced its earnings results 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 net margin of 9.30% and a return on equity of 28.33%. The business had revenue of $10.79 billion for the quarter, compared to analysts’ expectations of $10.81 billion. During the same quarter last year, the firm earned $1.47 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities analysts anticipate that Delta Air Lines, Inc. will post $5.12 EPS for the current year.
A number of equities research analysts have recently weighed in on DAL shares. Evercore ISI reissued an “outperform” rating on shares of Delta Air Lines in a research note on Thursday, April 6th. Morgan Stanley reissued an “overweight” rating on shares of Delta Air Lines in a research note on Friday, April 7th. Cowen and Company lowered their target price on Delta Air Lines from $60.00 to $58.00 and set an “outperform” rating for the company in a research note on Monday, April 10th. Deutsche Bank AG boosted their target price on Delta Air Lines from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, April 18th. Finally, Vetr lowered Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $52.43 target price for the company. in a research note on Tuesday, May 2nd. One investment analyst has rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the stock. Delta Air Lines has an average rating of “Buy” and an average price target of $60.16.
In other Delta Air Lines news, CEO Edward H. Bastian sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $48.55, for a total transaction of $1,213,750.00. Following the completion of the transaction, the chief executive officer now owns 285,508 shares in the company, valued at $13,861,413.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Craig M. Meynard sold 5,000 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now owns 7,437 shares of the company’s stock, valued at approximately $410,968.62. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 389,000 shares of company stock valued at $31,120 and have sold 131,306 shares valued at $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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