Cerity Partners LLC grew its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 16.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,735 shares of the transportation company’s stock after purchasing an additional 2,030 shares during the quarter. Cerity Partners LLC’s holdings in Delta Air Lines were worth $451,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of DAL. Sandy Spring Bank bought a new stake in shares of Delta Air Lines in the 2nd quarter valued at about $25,000. Hexagon Capital Partners LLC bought a new stake in shares of Delta Air Lines in the 3rd quarter valued at about $28,000. Cornerstone Advisors Inc. raised its holdings in shares of Delta Air Lines by 76.1% in the 2nd quarter. Cornerstone Advisors Inc. now owns 1,213 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 524 shares in the last quarter. Certified Advisory Corp raised its holdings in shares of Delta Air Lines by 685.6% in the 2nd quarter. Certified Advisory Corp now owns 1,202 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 1,049 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its holdings in shares of Delta Air Lines by 102.8% in the 3rd quarter. Harbor Investment Advisory LLC now owns 1,099 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 557 shares in the last quarter. Institutional investors and hedge funds own 55.53% of the company’s stock.
In other news, CEO Edward H. Bastian sold 65,000 shares of the stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $33.58, for a total value of $2,182,700.00. Following the completion of the sale, the chief executive officer now directly owns 341,060 shares in the company, valued at $11,452,794.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Glen W. Hauenstein sold 51,955 shares of the stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $36.90, for a total transaction of $1,917,139.50. Following the transaction, the president now directly owns 264,393 shares of the company’s stock, valued at approximately $9,756,101.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 255,487 shares of company stock worth $9,077,952. Insiders own 0.63% of the company’s stock.
Shares of NYSE DAL opened at $41.29 on Friday. The company has a debt-to-equity ratio of 8.88, a quick ratio of 1.23 and a current ratio of 1.27. The company has a market capitalization of $26.33 billion, a PE ratio of -2.49 and a beta of 1.27. Delta Air Lines, Inc. has a 1 year low of $17.51 and a 1 year high of $62.48. The company’s fifty day moving average price is $33.71 and its 200 day moving average price is $29.63.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Sunday, October 18th. The transportation company reported ($3.30) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($3.10) by ($0.20). The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.12 billion. Delta Air Lines had a negative net margin of 42.88% and a negative return on equity of 39.69%. The business’s revenue for the quarter was down 75.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.32 earnings per share. On average, equities analysts expect that Delta Air Lines, Inc. will post -10.71 EPS for the current year.
Several equities research analysts have recently commented on the stock. Exane BNP Paribas assumed coverage on shares of Delta Air Lines in a report on Friday, November 13th. They issued an “outperform” rating and a $54.00 price target for the company. Berenberg Bank lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating and set a $32.00 price objective for the company. in a research note on Wednesday, September 2nd. Raymond James boosted their price objective on shares of Delta Air Lines from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 30th. Seaport Global Securities assumed coverage on shares of Delta Air Lines in a research note on Tuesday, September 15th. They set a “buy” rating and a $43.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Delta Air Lines from $45.00 to $51.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 7th. Twelve analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Delta Air Lines has an average rating of “Buy” and an average price target of $45.33.
Delta Air Lines Company Profile
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, London-Heathrow, Mexico City, Paris-Charles de Gaulle, and Seoul-Incheon.
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