Rhumbline Advisers Purchases 8,130 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Rhumbline Advisers boosted its holdings in shares of Delta Air Lines, Inc. (NYSE:DALGet Rating) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,082,499 shares of the transportation company’s stock after buying an additional 8,130 shares during the period. Rhumbline Advisers owned about 0.17% of Delta Air Lines worth $42,304,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC bought a new position in shares of Delta Air Lines during the 4th quarter worth about $25,000. Old North State Trust LLC raised its position in Delta Air Lines by 790.7% in the fourth quarter. Old North State Trust LLC now owns 668 shares of the transportation company’s stock worth $26,000 after purchasing an additional 593 shares in the last quarter. Evolution Advisers Inc. bought a new position in Delta Air Lines during the fourth quarter worth about $29,000. Wealth Quarterback LLC boosted its holdings in Delta Air Lines by 257.8% during the third quarter. Wealth Quarterback LLC now owns 5,034 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 3,627 shares in the last quarter. Finally, Aquire Wealth Advisors LLC bought a new stake in shares of Delta Air Lines in the 4th quarter valued at approximately $40,000. 63.24% of the stock is currently owned by hedge funds and other institutional investors.

In other news, President Glen W. Hauenstein sold 10,000 shares of the firm’s stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of $43.55, for a total value of $435,500.00. Following the transaction, the president now directly owns 267,527 shares in the company, valued at approximately $11,650,800.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joanne D. Smith sold 6,098 shares of the company’s stock in a transaction dated Thursday, April 14th. The shares were sold at an average price of $41.99, for a total value of $256,055.02. Following the completion of the sale, the executive vice president now owns 129,881 shares of the company’s stock, valued at approximately $5,453,703.19. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,122 shares of company stock valued at $1,089,874. 0.63% of the stock is owned by corporate insiders.

DAL has been the topic of several recent analyst reports. Zacks Investment Research raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Wednesday, April 20th. The Goldman Sachs Group boosted their target price on shares of Delta Air Lines from $39.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, April 14th. Morgan Stanley increased their target price on shares of Delta Air Lines from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, April 14th. Berenberg Bank upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating and boosted their price target for the company from $48.00 to $50.00 in a research report on Tuesday, January 25th. Finally, Bank of America raised their price objective on shares of Delta Air Lines from $47.00 to $50.00 in a report on Thursday, April 14th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $52.41.

NYSE DAL opened at $38.17 on Tuesday. The stock has a market capitalization of $24.47 billion, a P/E ratio of 48.32 and a beta of 1.05. Delta Air Lines, Inc. has a 52 week low of $29.75 and a 52 week high of $48.54. The company has a debt-to-equity ratio of 8.17, a quick ratio of 0.60 and a current ratio of 0.65. The stock has a fifty day moving average of $39.21 and a 200-day moving average of $39.48.

Delta Air Lines (NYSE:DALGet Rating) last posted its quarterly earnings results on Wednesday, April 13th. The transportation company reported ($1.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.28) by $0.05. The business had revenue of $9.35 billion for the quarter, compared to analysts’ expectations of $8.99 billion. Delta Air Lines had a negative return on equity of 41.80% and a net margin of 1.47%. The firm’s quarterly revenue was up 125.3% compared to the same quarter last year. During the same quarter last year, the business earned ($3.55) earnings per share. Equities research analysts forecast that Delta Air Lines, Inc. will post 2.49 earnings per share for the current fiscal year.

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

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