Brookstone Capital Management raised its position in shares of Delta Air Lines, Inc. (NYSE:DAL – Get Rating) by 18.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,959 shares of the transportation company’s stock after acquiring an additional 9,051 shares during the period. Brookstone Capital Management’s holdings in Delta Air Lines were worth $2,253,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in DAL. Massachusetts Financial Services Co. MA raised its position in shares of Delta Air Lines by 97.2% during 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 buying an additional 1,296,842 shares during the last quarter. Rubric Capital Management LP acquired a new position in shares of Delta Air Lines during the fourth quarter valued at about $41,726,000. Crake Asset Management LLP raised its position in Delta Air Lines by 180.5% in the third quarter. Crake Asset Management LLP now owns 1,568,167 shares of the transportation company’s stock worth $66,820,000 after purchasing an additional 1,009,129 shares in the last quarter. KBC Group NV raised 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 worth $26,959,000 after purchasing an additional 656,247 shares in the last quarter. Finally, State of Tennessee Treasury Department raised 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 worth $26,860,000 after purchasing an additional 499,388 shares in the last quarter. Institutional investors own 63.24% of the company’s stock.
In other Delta Air Lines news, EVP Joanne D. Smith sold 7,704 shares of the stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $41.48, for a total value of $319,561.92. Following the sale, the executive vice president now directly owns 113,153 shares in the company, valued at $4,693,586.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Edward H. Bastian sold 27,664 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now owns 446,712 shares in the company, valued at $17,667,459.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,270 shares of company stock worth $3,035,835. Insiders own 0.63% of the company’s stock.
Delta Air Lines (NYSE:DAL – Get Rating) last released its quarterly earnings results on Wednesday, April 13th. The transportation company reported ($1.23) EPS for the quarter, beating the consensus estimate of ($1.28) by $0.05. Delta Air Lines had a net margin of 1.47% and a negative return on equity of 41.80%. The business had revenue of $9.35 billion for the quarter, compared to analysts’ expectations of $8.99 billion. During the same period in the prior year, the firm earned ($3.55) earnings per share. Delta Air Lines’s revenue was up 125.3% compared to the same quarter last year. As a group, analysts anticipate that Delta Air Lines, Inc. will post 2.98 EPS for the current year.
Several research analysts recently issued reports on DAL shares. Bank of America increased their price target on shares of Delta Air Lines from $47.00 to $50.00 in a research report on Thursday, April 14th. Morgan Stanley increased their price target 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. StockNews.com initiated coverage on shares of Delta Air Lines in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Susquehanna raised their price objective on shares of Delta Air Lines from $45.00 to $47.00 in a report on Thursday, April 14th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Delta Air Lines from $69.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, April 22nd. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Delta Air Lines has a consensus rating of “Moderate Buy” and a consensus price target of $52.47.
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.
- Get a free copy of the StockNews.com research report on Delta Air Lines (DAL)
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