Strategic Advisors LLC Sells 8,834 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Strategic Advisors LLC trimmed its position in shares of Delta Air Lines, Inc. (NYSE:DALGet Rating) by 24.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,584 shares of the transportation company’s stock after selling 8,834 shares during the period. Strategic Advisors LLC’s holdings in Delta Air Lines were worth $1,091,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Commerce Bank increased its stake in Delta Air Lines by 35.0% during the first quarter. Commerce Bank now owns 23,067 shares of the transportation company’s stock valued at $913,000 after acquiring an additional 5,975 shares during the period. Scout Investments Inc. bought a new position in Delta Air Lines during the first quarter valued at about $29,114,000. Pendal Group Ltd bought a new position in Delta Air Lines during the first quarter valued at about $258,000. Stratos Wealth Partners LTD. increased its stake in Delta Air Lines by 1.3% during the first quarter. Stratos Wealth Partners LTD. now owns 34,940 shares of the transportation company’s stock valued at $1,383,000 after acquiring an additional 432 shares during the period. Finally, Treasurer of the State of North Carolina increased its stake in Delta Air Lines by 1.6% during the first quarter. Treasurer of the State of North Carolina now owns 244,304 shares of the transportation company’s stock valued at $9,667,000 after acquiring an additional 3,745 shares during the period. 63.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DAL. Evercore ISI lowered their price objective on Delta Air Lines from $65.00 to $56.00 and set an “outperform” rating on the stock in a research note on Monday, June 27th. JPMorgan Chase & Co. upped their price objective on Delta Air Lines from $69.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, April 22nd. Deutsche Bank Aktiengesellschaft lowered their price objective on Delta Air Lines from $55.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, July 14th. The Goldman Sachs Group upped their price objective on Delta Air Lines from $44.00 to $45.00 in a research note on Wednesday, June 1st. Finally, Melius began coverage on Delta Air Lines in a research note on Monday. They issued a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $49.50.

Delta Air Lines Stock Down 1.7 %

NYSE:DAL opened at $34.73 on Wednesday. The stock’s fifty day moving average price is $31.68 and its two-hundred day moving average price is $36.83. Delta Air Lines, Inc. has a 52-week low of $28.09 and a 52-week high of $46.27. The company has a debt-to-equity ratio of 6.01, a quick ratio of 0.59 and a current ratio of 0.66. The company has a market cap of $22.27 billion, a price-to-earnings ratio of 38.41 and a beta of 1.20.

Delta Air Lines (NYSE:DALGet Rating) last posted its quarterly earnings data on Wednesday, July 13th. The transportation company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.27). The firm had revenue of $13.82 billion for the quarter, compared to analyst estimates of $13.40 billion. Delta Air Lines had a return on equity of 14.26% and a net margin of 1.43%. The firm’s quarterly revenue was up 93.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.07) EPS. On average, analysts anticipate that Delta Air Lines, Inc. will post 2.8 EPS for the current year.

Insider Activity at Delta Air Lines

In related news, CEO Edward H. Bastian sold 27,664 shares of the company’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $39.55, for a total value of $1,094,111.20. Following the completion of the sale, the chief executive officer now owns 446,712 shares in the company, valued at approximately $17,667,459.60. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Edward H. Bastian sold 27,664 shares of the company’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $39.55, for a total value of $1,094,111.20. Following the completion of the sale, the chief executive officer now owns 446,712 shares in the company, valued at approximately $17,667,459.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director David S. Taylor bought 10,000 shares of the stock in a transaction on Thursday, July 14th. The shares were purchased at an average price of $29.31 per share, with a total value of $293,100.00. Following the acquisition, the director now owns 43,010 shares in the company, valued at approximately $1,260,623.10. The disclosure for this purchase can be found here. Insiders sold a total of 48,148 shares of company stock worth $1,945,960 in the last quarter. Corporate insiders own 0.84% of the company’s stock.

Delta Air Lines Profile

(Get Rating)

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.

See Also

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

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