Private Capital Management Inc. Has $523,000 Position in Delta Air Lines, Inc. (DAL)

Private Capital Management Inc. boosted its stake in Delta Air Lines, Inc. (NYSE:DAL) by 39.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,850 shares of the transportation company’s stock after acquiring an additional 3,050 shares during the period. Private Capital Management Inc.’s holdings in Delta Air Lines were worth $523,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Mutual of America Capital Management LLC boosted its holdings in Delta Air Lines by 68.0% in the third quarter. Mutual of America Capital Management LLC now owns 151,376 shares of the transportation company’s stock valued at $7,299,000 after acquiring an additional 61,298 shares during the last quarter. State of Tennessee Treasury Department boosted its holdings in Delta Air Lines by 78.0% in the second quarter. State of Tennessee Treasury Department now owns 713,955 shares of the transportation company’s stock valued at $38,368,000 after acquiring an additional 312,863 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Delta Air Lines by 57.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 116,036 shares of the transportation company’s stock valued at $6,236,000 after acquiring an additional 42,150 shares during the last quarter. US Bancorp DE boosted its holdings in Delta Air Lines by 15.1% in the second quarter. US Bancorp DE now owns 1,381,854 shares of the transportation company’s stock valued at $74,262,000 after acquiring an additional 181,027 shares during the last quarter. Finally, Wesbanco Bank Inc. boosted its holdings in Delta Air Lines by 2.7% in the second quarter. Wesbanco Bank Inc. now owns 55,360 shares of the transportation company’s stock valued at $2,975,000 after acquiring an additional 1,475 shares during the last quarter. Institutional investors and hedge funds own 87.68% of the company’s stock.

In other news, Director George N. Mattson purchased 6,000 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were bought at an average cost of $45.44 per share, for a total transaction of $272,640.00. Following the completion of the transaction, the director now directly owns 61,510 shares of the company’s stock, valued at approximately $2,795,014.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven M. Sear sold 6,898 shares of Delta Air Lines stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $53.01, for a total value of $365,662.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 35,000 shares of company stock worth $274,960 and have sold 200,001 shares worth $10,630,333. Insiders own 0.37% of the company’s stock.

Several brokerages recently commented on DAL. Barclays PLC began coverage on Delta Air Lines in a report on Thursday, August 10th. They issued an “overweight” rating and a $70.00 target price on the stock. BidaskClub cut Delta Air Lines from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Wolfe Research upgraded Delta Air Lines from a “market perform” rating to an “outperform” rating in a report on Friday, August 18th. They noted that the move was a valuation call. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $63.00 target price (down from $67.00) on shares of Delta Air Lines in a report on Wednesday, September 27th. Finally, Cowen and Company reduced their target price on Delta Air Lines from $60.00 to $58.00 and set an “outperform” rating on the stock in a report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, sixteen have given a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $63.84.

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Shares of Delta Air Lines, Inc. (NYSE DAL) traded down 0.51% during trading on Monday, hitting $50.30. The stock had a trading volume of 2,073,669 shares. The firm has a 50 day moving average price of $50.43 and a 200-day moving average price of $49.99. The stock has a market capitalization of $36.01 billion, a price-to-earnings ratio of 10.11 and a beta of 1.25. Delta Air Lines, Inc. has a 52 week low of $41.00 and a 52 week high of $55.75.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.04. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The company had revenue of $11.06 billion for the quarter, compared to analyst estimates of $11.03 billion. During the same period in the previous year, the company posted $1.70 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. On average, equities research analysts forecast that Delta Air Lines, Inc. will post $5.12 EPS for the current fiscal year.

Delta Air Lines 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.

Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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