Parametrica Management Ltd acquired a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,770 shares of the transportation company’s stock, valued at approximately $712,000.
Several other hedge funds and other institutional investors also recently modified their holdings of DAL. Global X Management Co. LLC increased its holdings in shares of Delta Air Lines by 170.3% during the 1st quarter. Global X Management Co. LLC now owns 31,906 shares of the transportation company’s stock valued at $1,466,000 after acquiring an additional 20,103 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Delta Air Lines during the 1st quarter valued at about $4,012,000. Mackenzie Financial Corp increased its holdings in shares of Delta Air Lines by 86.1% during the 1st quarter. Mackenzie Financial Corp now owns 57,970 shares of the transportation company’s stock valued at $2,664,000 after acquiring an additional 26,821 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Delta Air Lines by 7.1% during the 1st quarter. Geode Capital Management LLC now owns 6,723,181 shares of the transportation company’s stock valued at $308,601,000 after acquiring an additional 446,362 shares during the last quarter. Finally, Winslow Capital Management LLC increased its holdings in shares of Delta Air Lines by 5,815,030.8% during the 1st quarter. Winslow Capital Management LLC now owns 4,535,802 shares of the transportation company’s stock valued at $208,465,000 after acquiring an additional 4,535,724 shares during the last quarter. 87.68% of the stock is currently owned by institutional investors and hedge funds.
DAL has been the topic of a number of analyst reports. Zacks Investment Research raised Delta Air Lines from a “hold” rating to a “strong-buy” rating and set a $62.00 price objective on the stock in a report on Tuesday, July 4th. Evercore ISI reissued an “outperform” rating on shares of Delta Air Lines in a report on Tuesday, July 4th. Vetr lowered Delta Air Lines from a “buy” rating to a “hold” rating and set a $56.43 price objective on the stock. in a report on Wednesday, July 5th. Cowen and Company reissued an “outperform” rating and set a $66.00 price objective (up previously from $58.00) on shares of Delta Air Lines in a report on Tuesday, July 11th. Finally, Imperial Capital increased their price objective on Delta Air Lines from $52.00 to $54.00 and gave the company an “in-line” rating in a report on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $63.84.
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In other Delta Air Lines news, EVP Joanne D. Smith sold 33,863 shares of the company’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $53.61, for a total transaction of $1,815,395.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Edward H. Bastian sold 159,240 shares of the company’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $53.06, for a total value of $8,449,274.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 35,000 shares of company stock valued at $274,960 and have sold 200,001 shares valued at $10,630,333. 0.37% of the stock is owned by corporate insiders.
Delta Air Lines, Inc. (DAL) traded up 0.44% during midday trading on Tuesday, reaching $50.55. The company had a trading volume of 1,862,891 shares. Delta Air Lines, Inc. has a 12 month low of $41.55 and a 12 month high of $55.75. The firm has a 50-day moving average of $50.51 and a 200-day moving average of $50.10. The stock has a market cap of $36.19 billion, a P/E ratio of 10.16 and a beta of 1.25.
Delta Air Lines (NYSE:DAL) last released its earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, topping the 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 firm had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $11.03 billion. During the same period in the prior year, the company earned $1.70 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities analysts expect that Delta Air Lines, Inc. will post $5.12 EPS for the current fiscal year.
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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