Kwmg LLC raised its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 500.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,340 shares of the transportation company’s stock after buying an additional 26,123 shares during the period. Kwmg LLC’s holdings in Delta Air Lines were worth $1,684,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its stake in shares of Delta Air Lines by 5.0% in the first quarter. Quadrant Capital Group LLC now owns 4,323 shares of the transportation company’s stock valued at $196,000 after buying an additional 205 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in shares of Delta Air Lines by 0.3% in the first quarter. Gulf International Bank UK Ltd now owns 59,571 shares of the transportation company’s stock valued at $2,737,000 after buying an additional 200 shares during the last quarter. Creative Planning increased its stake in shares of Delta Air Lines by 29.2% in the first quarter. Creative Planning now owns 73,721 shares of the transportation company’s stock valued at $3,388,000 after buying an additional 16,664 shares during the last quarter. Cardinal Capital Management Inc. bought a new stake in shares of Delta Air Lines during the first quarter valued at about $547,000. Finally, Trust Co increased its stake in shares of Delta Air Lines by 22.0% in the fourth quarter. Trust Co now owns 20,599 shares of the transportation company’s stock valued at $1,013,000 after buying an additional 3,712 shares during the last quarter. 87.65% of the stock is currently owned by institutional investors.
Shares of Delta Air Lines, Inc. (DAL) traded down 0.30% during trading on Tuesday, hitting $50.60. The stock had a trading volume of 3,957,295 shares. The company has a market capitalization of $36.84 billion, a PE ratio of 10.03 and a beta of 1.20. The firm has a 50-day moving average price of $52.87 and a 200 day moving average price of $49.44. Delta Air Lines, Inc. has a 52 week low of $35.84 and a 52 week high of $55.75.
Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by $0.02. The company had revenue of $10.79 billion for the quarter, compared to analysts’ expectations of $10.81 billion. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. Delta Air Lines’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.47 earnings per share. Equities analysts anticipate that Delta Air Lines, Inc. will post $5.12 earnings per share for the current year.
DAL has been the topic of a number of recent research reports. Bank of America Corporation lifted their price target on Delta Air Lines from $64.00 to $71.00 and gave the company a “buy” rating in a report on Friday, June 30th. Vetr cut Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $52.43 price objective for the company. in a report on Tuesday, May 2nd. Deutsche Bank AG boosted their price objective on Delta Air Lines from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, April 18th. Citigroup Inc. boosted their price objective on Delta Air Lines from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, May 12th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Delta Air Lines in a report on Friday, May 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $60.16.
In other news, VP Craig M. Meynard sold 5,000 shares of Delta Air Lines stock in a transaction dated Friday, July 14th. The stock was 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 of the company’s stock, valued at $410,968.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward H. Bastian sold 25,000 shares of Delta Air Lines stock in a transaction dated 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 quarter, insiders have purchased 394,000 shares of company stock worth $31,520 and have sold 131,306 shares worth $6,924,439. 0.37% of the stock is currently 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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