Pictet Asset Management SA Lowers Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Pictet Asset Management SA lowered its stake in shares of Delta Air Lines, Inc. (NYSE:DALGet Rating) by 14.3% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 196,788 shares of the transportation company’s stock after selling 32,924 shares during the period. Pictet Asset Management SA’s holdings in Delta Air Lines were worth $5,701,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Daiwa Securities Group Inc. grew its stake in shares of Delta Air Lines by 12.2% during the 1st quarter. Daiwa Securities Group Inc. now owns 14,968 shares of the transportation company’s stock worth $592,000 after purchasing an additional 1,622 shares during the period. Park Avenue Securities LLC purchased a new position in Delta Air Lines in the first quarter valued at $283,000. Mutual of America Capital Management LLC raised its position in shares of Delta Air Lines by 1.0% in the first quarter. Mutual of America Capital Management LLC now owns 99,419 shares of the transportation company’s stock worth $3,934,000 after acquiring an additional 978 shares during the period. DAVENPORT & Co LLC boosted its stake in shares of Delta Air Lines by 5.3% during the 1st quarter. DAVENPORT & Co LLC now owns 33,011 shares of the transportation company’s stock worth $1,306,000 after acquiring an additional 1,650 shares in the last quarter. Finally, National Asset Management Inc. grew its position in shares of Delta Air Lines by 8.8% during the 1st quarter. National Asset Management Inc. now owns 60,934 shares of the transportation company’s stock valued at $2,411,000 after acquiring an additional 4,918 shares during the period. Institutional investors and hedge funds own 67.90% of the company’s stock.

Insider Buying and Selling at Delta Air Lines

In other news, EVP Joanne D. Smith sold 2,000 shares of the company’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $34.19, for a total value of $68,380.00. Following the completion of the sale, the executive vice president now directly owns 111,153 shares of the company’s stock, valued at $3,800,321.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.84% of the stock is currently owned by insiders.

Delta Air Lines Price Performance

Delta Air Lines stock opened at $34.47 on Friday. Delta Air Lines, Inc. has a 1 year low of $27.20 and a 1 year high of $46.27. The company has a debt-to-equity ratio of 4.62, a quick ratio of 0.52 and a current ratio of 0.57. The company’s 50 day simple moving average is $31.96 and its 200-day simple moving average is $33.27. The company has a market capitalization of $22.10 billion, a price-to-earnings ratio of 313.36 and a beta of 1.22.

Delta Air Lines (NYSE:DALGet Rating) last posted its quarterly earnings data on Thursday, October 13th. The transportation company reported $1.51 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.02). Delta Air Lines had a net margin of 0.18% and a return on equity of 32.62%. The business had revenue of $13.98 billion during the quarter, compared to analysts’ expectations of $13.62 billion. During the same period in the previous year, the business posted $0.30 EPS. The company’s revenue for the quarter was up 52.7% compared to the same quarter last year. As a group, equities research analysts expect that Delta Air Lines, Inc. will post 2.9 earnings per share for the current year.

Analysts Set New Price Targets

DAL has been the subject of a number of analyst reports. TheStreet raised Delta Air Lines from a “d+” rating to a “c-” rating in a report on Tuesday, September 20th. Cowen raised Delta Air Lines from a “market perform” rating to an “outperform” rating and set a $54.00 target price for the company in a research note on Friday, October 14th. Jefferies Financial Group boosted their price target on shares of Delta Air Lines from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, October 24th. Melius initiated coverage on shares of Delta Air Lines in a research report on Monday, August 15th. They issued a “buy” rating on the stock. Finally, Barclays decreased their price target on shares of Delta Air Lines from $45.00 to $38.00 in a research note on Wednesday, October 12th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Delta Air Lines has a consensus rating of “Moderate Buy” and a consensus price target of $49.56.

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.

Recommended Stories

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.