Commonwealth Equity Services LLC decreased its holdings in Delta Air Lines, Inc. (NYSE:DAL – Get Rating) by 32.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 277,874 shares of the transportation company's stock after selling 133,494 shares during the quarter. Commonwealth Equity Services LLC's holdings in Delta Air Lines were worth $8,050,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in DAL. Neuberger Berman Group LLC boosted its stake in shares of Delta Air Lines by 27.0% in the first quarter. Neuberger Berman Group LLC now owns 11,402,177 shares of the transportation company's stock valued at $451,155,000 after purchasing an additional 2,423,615 shares during the period. Dimensional Fund Advisors LP raised its holdings in Delta Air Lines by 78.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,284,588 shares of the transportation company's stock valued at $129,968,000 after acquiring an additional 1,442,743 shares in the last quarter. Vanguard Group Inc. raised its holdings in Delta Air Lines by 1.9% in the first quarter. Vanguard Group Inc. now owns 68,234,306 shares of the transportation company's stock valued at $2,700,032,000 after acquiring an additional 1,267,578 shares in the last quarter. Rubric Capital Management LP acquired a new stake in Delta Air Lines in the fourth quarter valued at approximately $41,726,000. Finally, Scout Investments Inc. acquired a new stake in Delta Air Lines in the first quarter valued at approximately $29,114,000. Hedge funds and other institutional investors own 67.90% of the company's stock.
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Insider Activity at Delta Air Lines
In related news, Director David S. Taylor bought 10,000 shares of the firm's stock in a transaction on Thursday, July 14th. The shares were bought at an average cost of $29.31 per share, for a total transaction of $293,100.00. Following the transaction, the director now owns 43,010 shares of the company's stock, valued at $1,260,623.10. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.84% of the stock is currently owned by insiders.
Delta Air Lines Stock Performance
NYSE:DAL opened at $30.75 on Wednesday. The firm's fifty day moving average price is $32.04 and its 200 day moving average price is $35.01. Delta Air Lines, Inc. has a 1-year low of $27.20 and a 1-year high of $46.27. The company has a debt-to-equity ratio of 6.01, a current ratio of 0.66 and a quick ratio of 0.59. The firm has a market cap of $19.72 billion, a price-to-earnings ratio of 33.42 and a beta of 1.17.
Delta Air Lines (NYSE:DAL – Get Rating) last posted its quarterly earnings data on Wednesday, July 13th. The transportation company reported $1.44 earnings per share for the quarter, missing analysts' consensus estimates of $1.71 by ($0.27). Delta Air Lines had a net margin of 1.43% and a return on equity of 14.26%. The firm had revenue of $13.82 billion during the quarter, compared to analysts' expectations of $13.40 billion. During the same quarter last year, the business earned ($1.07) earnings per share. The business's quarterly revenue was up 93.9% on a year-over-year basis. On average, sell-side analysts expect that Delta Air Lines, Inc. will post 2.78 EPS for the current year.
Analysts Set New Price Targets
Several analysts recently weighed in on DAL shares. Argus cut shares of Delta Air Lines from a "buy" rating to a "hold" rating in a report on Friday, July 15th. Susquehanna Bancshares reduced their target price on shares of Delta Air Lines from $47.00 to $35.00 and set a "positive" rating on the stock in a report on Tuesday, July 12th. Susquehanna reduced their target price on shares of Delta Air Lines from $47.00 to $35.00 and set a "positive" rating on the stock in a report on Tuesday, July 12th. Evercore ISI cut their price objective on shares of Delta Air Lines from $65.00 to $56.00 and set an "outperform" rating on the stock in a report on Monday, June 27th. Finally, Barclays cut their price objective on shares of Delta Air Lines from $60.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, July 8th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.62.
Delta Air Lines Profile
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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.
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