Anderson Hoagland & Co. reduced its stake in Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,630 shares of the transportation company’s stock after selling 830 shares during the period. Anderson Hoagland & Co.’s holdings in Delta Air Lines were worth $3,643,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in DAL. Pacifica Partners Inc. grew its position in shares of Delta Air Lines by 117.6% during the 1st quarter. Pacifica Partners Inc. now owns 740 shares of the transportation company’s stock worth $25,000 after buying an additional 400 shares during the period. Sound Income Strategies LLC boosted its stake in Delta Air Lines by 1,136.7% during the 1st quarter. Sound Income Strategies LLC now owns 742 shares of the transportation company’s stock worth $26,000 after acquiring an additional 682 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new position in Delta Air Lines during the fourth quarter valued at approximately $28,000. GPS Wealth Strategies Group LLC bought a new stake in Delta Air Lines in the first quarter valued at approximately $33,000. Finally, Carmel Capital Partners LLC acquired a new stake in Delta Air Lines in the first quarter worth $35,000. 71.29% of the stock is owned by institutional investors and hedge funds.
In related news, Director Michael P. Huerta sold 3,350 shares of the firm’s 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 approximately $1,330,129.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Michael P. Huerta sold 3,350 shares of the stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $48.43, for a total value of $162,240.50. Following the sale, the director now owns 27,465 shares in the company, valued at approximately $1,330,129.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Steven M. Sear sold 12,129 shares of Delta Air Lines stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $45.52, for a total transaction of $552,112.08. Following the transaction, the executive vice president now directly 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 a total of 40,479 shares of company stock valued at $1,839,353 in the last quarter. Company insiders own 0.89% of the company’s stock.
Delta Air Lines Stock Up 1.2 %
Delta Air Lines (NYSE:DAL – Get Free Report) last announced its quarterly earnings data on Thursday, July 13th. The transportation company reported $2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.28. The company had revenue of $15.58 billion for the quarter, compared to analysts’ expectations of $14.44 billion. Delta Air Lines had a return on equity of 59.56% and a net margin of 5.36%. The business’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.44 EPS. Research analysts forecast that Delta Air Lines, Inc. will post 6.56 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the stock. Morgan Stanley upped their price objective on shares of Delta Air Lines from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Friday, July 14th. Jefferies Financial Group raised their price target on Delta Air Lines from $50.00 to $60.00 in a research report on Tuesday, July 11th. Wolfe Research boosted their price objective on Delta Air Lines from $51.00 to $54.00 in a research report on Friday, July 14th. Evercore ISI raised their target price on shares of Delta Air Lines from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, July 14th. Finally, StockNews.com initiated coverage on shares of Delta Air Lines in a report on Thursday, August 17th. They issued a “buy” rating for the company. Twelve analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $57.50.
About Delta Air Lines
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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