Villere ST Denis J & Co. LLC Invests $429,000 in Delta Air Lines, Inc. (DAL) Stock

Villere ST Denis J & Co. LLC bought a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,900 shares of the transportation company’s stock, valued at approximately $429,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Roundview Capital LLC lifted its position in Delta Air Lines by 0.3% during the second quarter. Roundview Capital LLC now owns 5,115 shares of the transportation company’s stock valued at $275,000 after purchasing an additional 15 shares during the period. Patten Group Inc. lifted its position in Delta Air Lines by 0.3% during the first quarter. Patten Group Inc. now owns 9,307 shares of the transportation company’s stock valued at $420,000 after purchasing an additional 30 shares during the period. Traynor Capital Management Inc. raised its position in shares of Delta Air Lines by 1.2% in the second quarter. Traynor Capital Management Inc. now owns 4,911 shares of the transportation company’s stock worth $246,000 after acquiring an additional 58 shares during the period. MUFG Securities EMEA plc raised its position in shares of Delta Air Lines by 1.2% in the second quarter. MUFG Securities EMEA plc now owns 5,307 shares of the transportation company’s stock worth $285,000 after acquiring an additional 65 shares during the period. Finally, Advisory Services Network LLC raised its position in shares of Delta Air Lines by 3.0% in the second quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock worth $137,000 after acquiring an additional 75 shares during the period. Institutional investors own 87.68% of the company’s stock.

In other Delta Air Lines news, EVP Joanne D. Smith sold 33,863 shares of the business’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $53.61, for a total transaction of $1,815,395.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Edward H. Bastian sold 159,240 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The stock was 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 purchased 20,000 shares of company stock valued at $273,760 and sold 200,001 shares valued at $10,630,333. 0.37% of the stock is currently owned by insiders.

A number of research analysts have weighed in on DAL shares. Cowen and Company reiterated an “outperform” rating and issued a $66.00 price objective (up previously from $58.00) on shares of Delta Air Lines in a research report on Tuesday, July 11th. Imperial Capital upped their price objective on shares of Delta Air Lines from $52.00 to $54.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 11th. ValuEngine downgraded shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $60.00 price objective on shares of Delta Air Lines in a research report on Thursday, July 13th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $62.00 price objective (down previously from $63.00) on shares of Delta Air Lines in a research report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $64.16.

Delta Air Lines (NYSE:DAL) last released its earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.04. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The firm had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $11.03 billion. During the same period in the previous year, the firm earned $1.70 earnings per share. Delta Air Lines’s revenue was up 5.5% compared to the same quarter last year.

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

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