Teachers Retirement System of The State of Kentucky decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL – Get Rating) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,181 shares of the transportation company’s stock after selling 769 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Delta Air Lines were worth $1,844,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in DAL. Nordea Investment Management AB raised its stake in Delta Air Lines by 100.0% during the third quarter. Nordea Investment Management AB now owns 17,446 shares of the transportation company’s stock valued at $748,000 after purchasing an additional 8,723 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in Delta Air Lines by 3.3% during the third quarter. Treasurer of the State of North Carolina now owns 239,639 shares of the transportation company’s stock valued at $10,211,000 after purchasing an additional 7,729 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Delta Air Lines by 13.8% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 150,135 shares of the transportation company’s stock valued at $6,397,000 after purchasing an additional 18,244 shares in the last quarter. Brighton Jones LLC purchased a new stake in Delta Air Lines during the third quarter valued at $225,000. Finally, Hancock Whitney Corp raised its stake in Delta Air Lines by 34.8% during the third quarter. Hancock Whitney Corp now owns 6,419 shares of the transportation company’s stock valued at $273,000 after purchasing an additional 1,657 shares in the last quarter. 62.86% of the stock is currently owned by institutional investors.
DAL has been the topic of several recent analyst reports. Citigroup reduced their target price on shares of Delta Air Lines from $56.00 to $54.00 in a research note on Tuesday, January 18th. Berenberg Bank raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and increased their target price for the company from $48.00 to $50.00 in a research note on Tuesday, January 25th. Barclays raised shares of Delta Air Lines from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $42.00 to $60.00 in a research note on Thursday, April 14th. Raymond James reduced their target price on shares of Delta Air Lines from $55.00 to $53.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 14th. Finally, Bank of America increased their target price on shares of Delta Air Lines from $47.00 to $50.00 in a research note on Thursday, April 14th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Delta Air Lines currently has a consensus rating of “Buy” and a consensus target price of $52.41.
Delta Air Lines (NYSE:DAL – Get Rating) last issued its quarterly earnings data on Wednesday, April 13th. The transportation company reported ($1.23) EPS for the quarter, topping analysts’ consensus estimates of ($1.27) by $0.04. The business had revenue of $9.35 billion for the quarter, compared to analysts’ expectations of $8.99 billion. Delta Air Lines had a net margin of 1.47% and a negative return on equity of 41.80%. The business’s revenue was up 125.3% on a year-over-year basis. During the same quarter last year, the company earned ($3.55) EPS. As a group, analysts expect that Delta Air Lines, Inc. will post 2.49 EPS for the current fiscal year.
In other news, SVP William C. Carroll sold 3,580 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, February 2nd. The shares were sold at an average price of $40.08, for a total transaction of $143,486.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Greg Creed purchased 11,000 shares of the business’s stock in a transaction that occurred on Friday, April 22nd. The stock was bought at an average cost of $44.03 per share, with a total value of $484,330.00. Following the acquisition, the director now owns 11,000 shares in the company, valued at approximately $484,330. The disclosure for this purchase can be found here. 0.63% of the stock is owned by insiders.
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.
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