Strs Ohio Raises Position in Delta Air Lines, Inc. (DAL)

Strs Ohio increased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,912,687 shares of the transportation company’s stock after acquiring an additional 128,878 shares during the quarter. Strs Ohio’s holdings in Delta Air Lines were worth $107,110,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. 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 last quarter. Advisory Services Network LLC lifted its position in Delta Air Lines by 3.0% during the second 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 during the last quarter. Miles Capital Inc. lifted its position in Delta Air Lines by 2.6% during the second quarter. Miles Capital Inc. now owns 6,138 shares of the transportation company’s stock valued at $330,000 after purchasing an additional 157 shares during the last quarter. IHT Wealth Management LLC lifted its position in Delta Air Lines by 40.9% during the second quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock valued at $146,000 after purchasing an additional 220 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its position in Delta Air Lines by 5.4% during the second quarter. Moors & Cabot Inc. now owns 5,880 shares of the transportation company’s stock valued at $316,000 after purchasing an additional 302 shares during the last quarter. Hedge funds and other institutional investors own 85.01% of the company’s stock.

Delta Air Lines, Inc. (DAL) traded up $0.12 during mid-day trading on Tuesday, reaching $60.13. 7,050,700 shares of the company traded hands, compared to its average volume of 9,761,321. The stock has a market cap of $42,510.00, a P/E ratio of 12.17, a PEG ratio of 0.81 and a beta of 1.30. Delta Air Lines, Inc. has a 52 week low of $43.81 and a 52 week high of $60.79. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.47.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, January 11th. The transportation company reported $0.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.08. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.28%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.82 EPS. analysts predict that Delta Air Lines, Inc. will post 6.42 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $85.00 target price (up previously from $75.00) on shares of Delta Air Lines in a research note on Wednesday, January 10th. Stephens reissued a “buy” rating and issued a $72.00 target price on shares of Delta Air Lines in a research note on Wednesday, January 10th. Imperial Capital raised shares of Delta Air Lines from an “in-line” rating to an “outperform” rating and set a $63.00 target price on the stock in a research note on Thursday, October 12th. Cowen increased their target price on shares of Delta Air Lines from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, October 12th. Finally, Sanford C. Bernstein set a $67.00 target price on shares of Delta Air Lines and gave the company a “buy” rating in a research note on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $65.53.

In other Delta Air Lines news, CEO Edward H. Bastian sold 25,000 shares of the firm’s stock in a transaction dated Saturday, December 29th. The shares were sold at an average price of $56.47, for a total transaction of $1,411,750.00. Following the transaction, the chief executive officer now owns 240,508 shares of the company’s stock, valued at approximately $13,581,486.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter W. Carter sold 19,809 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $50.42, for a total transaction of $998,769.78. Following the transaction, the executive vice president now directly owns 67,077 shares in the company, valued at approximately $3,382,022.34. The disclosure for this sale can be found here. Insiders sold a total of 322,809 shares of company stock worth $18,200,262 in the last ninety days. 0.37% of the stock is currently owned by insiders.

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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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