J.W. Cole Advisors Inc. Lowers Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

J.W. Cole Advisors Inc. reduced its stake in Delta Air Lines, Inc. (NYSE:DALGet Rating) by 35.0% during the first quarter, HoldingsChannel reports. The firm owned 14,454 shares of the transportation company’s stock after selling 7,785 shares during the period. J.W. Cole Advisors Inc.’s holdings in Delta Air Lines were worth $572,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. raised its stake in Delta Air Lines by 28.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,419 shares of the transportation company’s stock valued at $2,232,000 after purchasing an additional 12,601 shares in the last quarter. City State Bank raised its stake in Delta Air Lines by 67.6% in the first quarter. City State Bank now owns 2,130 shares of the transportation company’s stock valued at $84,000 after purchasing an additional 859 shares in the last quarter. Kestra Private Wealth Services LLC raised its stake in Delta Air Lines by 6.5% in the first quarter. Kestra Private Wealth Services LLC now owns 51,951 shares of the transportation company’s stock valued at $2,056,000 after purchasing an additional 3,177 shares in the last quarter. M Holdings Securities Inc. purchased a new position in shares of Delta Air Lines during the first quarter worth approximately $1,743,000. Finally, Neuberger Berman Group LLC raised its stake in shares of Delta Air Lines by 27.0% during the first quarter. Neuberger Berman Group LLC now owns 11,402,177 shares of the transportation company’s stock worth $451,155,000 after acquiring an additional 2,423,615 shares in the last quarter. 67.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Delta Air Lines news, Director David S. Taylor bought 10,000 shares of the company’s stock in a transaction dated Thursday, July 14th. The shares were purchased at an average price of $29.31 per share, for a total transaction of $293,100.00. Following the acquisition, the director now owns 43,010 shares in the company, valued at approximately $1,260,623.10. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on DAL. Melius began coverage on shares of Delta Air Lines in a research note on Monday, August 15th. They set a “buy” rating on the stock. The Goldman Sachs Group lifted their price target on shares of Delta Air Lines from $44.00 to $45.00 in a research note on Wednesday, June 1st. Argus downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Friday, July 15th. Evercore ISI decreased their price target on shares of Delta Air Lines from $65.00 to $56.00 and set an “outperform” rating on the stock in a research note on Monday, June 27th. Finally, Raymond James reissued a “strong-buy” rating and set a $50.00 price target (down from $53.00) on shares of Delta Air Lines in a research note on Thursday, June 23rd. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $49.50.

Delta Air Lines Stock Performance

NYSE:DAL opened at $32.11 on Monday. The stock has a market cap of $20.59 billion, a P/E ratio of 34.90 and a beta of 1.18. The firm’s fifty day simple moving average is $32.33 and its 200 day simple moving average is $35.39. Delta Air Lines, Inc. has a twelve month low of $28.09 and a twelve month high of $46.27. The company has a quick ratio of 0.59, a current ratio of 0.66 and a debt-to-equity ratio of 6.01.

Delta Air Lines (NYSE:DALGet Rating) last released its quarterly earnings results on Wednesday, July 13th. The transportation company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.27). Delta Air Lines had a net margin of 1.43% and a return on equity of 14.26%. The company had revenue of $13.82 billion during the quarter, compared to the consensus estimate of $13.40 billion. During the same quarter last year, the firm earned ($1.07) EPS. The business’s revenue was up 93.9% on a year-over-year basis. As a group, research analysts predict that Delta Air Lines, Inc. will post 2.8 EPS for the current year.

Delta Air Lines Company Profile

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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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