Bank of The West Boosts Position in Delta Air Lines, Inc. (NYSE:DAL)

Bank of The West boosted its holdings in Delta Air Lines, Inc. (NYSE:DALGet Rating) by 9.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 130,628 shares of the transportation company’s stock after purchasing an additional 11,409 shares during the quarter. Bank of The West’s holdings in Delta Air Lines were worth $5,169,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Massachusetts Financial Services Co. MA grew its position in Delta Air Lines by 97.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,631,380 shares of the transportation company’s stock valued at $102,834,000 after acquiring an additional 1,296,842 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. Scout Investments Inc. acquired a new stake in Delta Air Lines in the first quarter valued at approximately $29,114,000. KBC Group NV grew its position in Delta Air Lines by 1,954.0% in the fourth quarter. KBC Group NV now owns 689,832 shares of the transportation company’s stock valued at $26,959,000 after acquiring an additional 656,247 shares in the last quarter. Finally, State of Tennessee Treasury Department grew its position in Delta Air Lines by 265.7% in the fourth quarter. State of Tennessee Treasury Department now owns 687,306 shares of the transportation company’s stock valued at $26,860,000 after acquiring an additional 499,388 shares in the last quarter. Hedge funds and other institutional investors own 63.24% of the company’s stock.

DAL has been the subject of several recent research reports. Morgan Stanley increased their price objective on shares of Delta Air Lines from $60.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, April 14th. Susquehanna raised their price target on shares of Delta Air Lines from $45.00 to $47.00 in a research report on Thursday, April 14th. The Goldman Sachs Group raised their price target on shares of Delta Air Lines from $44.00 to $45.00 in a research report on Wednesday, June 1st. Barclays raised shares of Delta Air Lines from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $42.00 to $60.00 in a research report on Thursday, April 14th. Finally, StockNews.com assumed coverage on shares of Delta Air Lines in a research report on Thursday, March 31st. They set a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.50.

Shares of DAL opened at $29.52 on Tuesday. The business’s 50-day moving average price is $36.91 and its 200 day moving average price is $38.46. The stock has a market capitalization of $18.92 billion, a P/E ratio of 37.37 and a beta of 1.19. Delta Air Lines, Inc. has a 1-year low of $28.09 and a 1-year high of $46.27. The company has a current ratio of 0.65, a quick ratio of 0.60 and a debt-to-equity ratio of 8.17.

Delta Air Lines (NYSE:DALGet Rating) last issued its quarterly earnings results on Wednesday, April 13th. The transportation company reported ($1.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.28) by $0.05. The firm 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%. Delta Air Lines’s revenue was up 125.3% on a year-over-year basis. During the same quarter last year, the business posted ($3.55) EPS. On average, research analysts predict that Delta Air Lines, Inc. will post 2.85 earnings per share for the current year.

In other Delta Air Lines news, CEO Edward H. Bastian sold 27,664 shares of Delta Air Lines stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $39.55, for a total transaction of $1,094,111.20. Following the transaction, the chief executive officer now owns 446,712 shares of the company’s stock, valued at approximately $17,667,459.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Joanne D. Smith sold 9,024 shares of Delta Air Lines stock in a transaction dated Friday, April 29th. The shares were sold at an average price of $44.14, for a total value of $398,319.36. Following the transaction, the executive vice president now directly owns 120,857 shares in the company, valued at approximately $5,334,627.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,270 shares of company stock worth $3,035,835. Company insiders own 0.63% 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.

Featured Articles

Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DALGet Rating).

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

Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.