Advance Capital Management Inc. Purchases Shares of 5,349 Delta Air Lines, Inc. (NYSE:DAL)

Advance Capital Management Inc. acquired a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 5,349 shares of the transportation company’s stock, valued at approximately $254,000.

Several other large investors have also made changes to their positions in DAL. Pacifica Partners Inc. boosted its holdings in shares of Delta Air Lines by 117.6% in the 1st quarter. Pacifica Partners Inc. now owns 740 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 400 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Delta Air Lines by 1,136.7% in the 1st quarter. Sound Income Strategies LLC now owns 742 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 682 shares during the last quarter. Coppell Advisory Solutions Corp. purchased a new stake in shares of Delta Air Lines in the 4th quarter valued at $28,000. GPS Wealth Strategies Group LLC purchased a new stake in shares of Delta Air Lines in the 1st quarter valued at $33,000. Finally, Carmel Capital Partners LLC purchased a new stake in shares of Delta Air Lines in the 1st quarter valued at $35,000. 71.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Michael P. Huerta sold 3,350 shares of the stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $48.43, for a total value of $162,240.50. Following the completion of the sale, the director now directly owns 27,465 shares in the company, valued at $1,330,129.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Michael P. Huerta sold 3,350 shares of the stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $48.43, for a total value of $162,240.50. Following the completion of the sale, the director now directly owns 27,465 shares in the company, valued at $1,330,129.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Steven M. Sear sold 12,129 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $45.52, for a total transaction of $552,112.08. Following the completion of the sale, the executive vice president now owns 85,708 shares of the company’s stock, valued at $3,901,428.16. The disclosure for this sale can be found here. Insiders sold 40,479 shares of company stock worth $1,839,353 over the last three months. Insiders own 0.89% of the company’s stock.

Wall Street Analyst Weigh In

DAL has been the topic of several recent research reports. Wolfe Research upped their price objective on shares of Delta Air Lines from $51.00 to $54.00 in a report on Friday, July 14th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Delta Air Lines from $47.00 to $58.00 in a report on Wednesday, June 28th. Morgan Stanley increased their price target on shares of Delta Air Lines from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Friday, July 14th. Bank of America increased their price target on shares of Delta Air Lines from $50.00 to $53.00 in a report on Monday, July 17th. Finally, Barclays increased their price target on shares of Delta Air Lines from $55.00 to $58.00 in a report on Thursday, July 13th. Twelve analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $56.88.

Delta Air Lines Stock Performance

NYSE:DAL opened at $39.54 on Thursday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.41 and a current ratio of 0.46. The company has a fifty day moving average of $44.49 and a two-hundred day moving average of $39.55. The stock has a market capitalization of $25.44 billion, a PE ratio of 8.52, a P/E/G ratio of 0.21 and a beta of 1.30. Delta Air Lines, Inc. has a fifty-two week low of $27.20 and a fifty-two week high of $49.81.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, July 13th. The transportation company reported $2.68 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.28. The company had revenue of $15.58 billion during the quarter, compared to analysts’ expectations of $14.44 billion. Delta Air Lines had a net margin of 5.36% and a return on equity of 59.56%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.44 earnings per share. As a group, research analysts forecast that Delta Air Lines, Inc. will post 6.56 earnings per share for the current fiscal year.

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, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.