Dupont Capital Management Corp lifted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 85.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 709,631 shares of the transportation company’s stock after buying an additional 327,381 shares during the period. Delta Air Lines comprises about 0.8% of Dupont Capital Management Corp’s portfolio, making the stock its 14th biggest holding. Dupont Capital Management Corp owned about 0.10% of Delta Air Lines worth $34,218,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. IHT Wealth Management LLC increased its holdings in Delta Air Lines by 40.9% in the 2nd quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock worth $146,000 after purchasing an additional 220 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new stake in shares of Delta Air Lines in the 2nd quarter valued at about $114,000. FNY Managed Accounts LLC bought a new stake in shares of Delta Air Lines during the 1st quarter valued at about $100,000. Bessemer Group Inc. boosted its position in shares of Delta Air Lines by 104.3% during the 2nd quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 1,298 shares in the last quarter. Finally, Advisory Services Network LLC boosted its position in shares of Delta Air Lines by 3.0% during the 2nd quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 75 shares in the last quarter. 87.68% of the stock is owned by institutional investors.
In other news, Director George N. Mattson acquired 6,000 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were bought at an average cost of $45.44 per share, with a total value of $272,640.00. Following the transaction, the director now owns 61,510 shares in the company, valued at approximately $2,795,014.40. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Edward H. Bastian sold 159,240 shares of the stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $53.06, for a total transaction of $8,449,274.40. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 20,000 shares of company stock worth $273,760 and sold 200,001 shares worth $10,630,333. Corporate insiders own 0.37% of the company’s stock.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.04. The firm had revenue of $11.06 billion for the quarter, compared to analyst estimates of $11.03 billion. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. Delta Air Lines’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.70 earnings per share.
DAL has been the topic of several recent research reports. Cowen and Company reiterated an “outperform” rating and issued a $66.00 price target (up previously from $58.00) on shares of Delta Air Lines in a report on Tuesday, July 11th. Imperial Capital increased their price target on Delta Air Lines from $52.00 to $54.00 and gave the company an “in-line” rating in a research report on Tuesday, July 11th. ValuEngine downgraded Delta Air Lines from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Sanford C. Bernstein reissued an “outperform” rating and issued a $60.00 target price on shares of Delta Air Lines in a research report on Thursday, July 13th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $62.00 price target (down from $63.00) on shares of Delta Air Lines in a report on Friday, July 14th. Two research 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 stock. Delta Air Lines presently has a consensus rating of “Buy” and an average price target of $64.16.
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.
Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DAL).
What are top analysts saying about Delta Air Lines Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Delta Air Lines Inc. and related companies.