Norman Fields Gottscho Capital Management LLC raised its position in Delta Air Lines, Inc. (NYSE:DAL) by 26.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,385 shares of the transportation company’s stock after buying an additional 16,725 shares during the period. Delta Air Lines accounts for about 2.7% of Norman Fields Gottscho Capital Management LLC’s holdings, making the stock its 10th largest position. Norman Fields Gottscho Capital Management LLC’s holdings in Delta Air Lines were worth $4,320,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted its position in 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. Lansdowne Partners UK LLP boosted its position in 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. Primecap Management Co. CA boosted its stake in 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 valued at $1,043,931,000 after buying an additional 1,930,614 shares during the period. AQR Capital Management LLC boosted its stake in Delta Air Lines by 15.8% in the first quarter. AQR Capital Management LLC now owns 9,571,378 shares of the transportation company’s stock valued at $439,900,000 after buying an additional 1,308,115 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in 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 valued at $323,542,000 after buying an additional 3,245,791 shares during the period. 87.59% of the stock is owned by institutional investors and hedge funds.
Delta Air Lines, Inc. (NYSE:DAL) opened at 50.61 on Friday. Delta Air Lines, Inc. has a 1-year low of $35.84 and a 1-year high of $55.75. The company’s 50 day moving average is $52.87 and its 200 day moving average is $49.44. The company has a market cap of $36.84 billion, a price-to-earnings ratio of 10.03 and a beta of 1.20.
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 analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $10.81 billion. During the same quarter in the prior year, the firm earned $1.47 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. Equities research analysts forecast that Delta Air Lines, Inc. will post $5.12 EPS for the current year.
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DAL has been the subject of several research reports. Cowen and Company lowered their price objective on shares of Delta Air Lines from $60.00 to $58.00 and set an “outperform” rating for the company in a research report on Monday, April 10th. Deutsche Bank AG boosted their price objective on shares of Delta Air Lines from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, April 18th. Vetr cut shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $52.43 price objective for the company. in a research report on Tuesday, May 2nd. Citigroup Inc. boosted 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. Finally, Imperial Capital reissued an “in-line” rating and issued a $52.00 price objective on shares of Delta Air Lines in a research report on Friday, May 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $60.16.
In related news, EVP Joanne D. Smith sold 4,475 shares of Delta Air Lines stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $49.32, for a total value of $220,707.00. Following the completion of the transaction, the executive vice president now owns 85,398 shares in the company, valued at $4,211,829.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $199,800.00. Following the completion of the transaction, the executive vice president now owns 77,223 shares of the company’s stock, valued at approximately $4,170,042. The disclosure for this sale can be found here. In the last quarter, insiders purchased 394,000 shares of company stock valued at $31,520 and 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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