Cookson Peirce & Co. Inc. bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the second quarter, Holdings Channel reports. The fund bought 14,609 shares of the transportation company’s stock, valued at approximately $410,000.
A number of other large investors have also modified their holdings of the stock. Bedel Financial Consulting Inc. lifted its position in shares of Delta Air Lines by 143.6% during the 2nd quarter. Bedel Financial Consulting Inc. now owns 899 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 530 shares during the last quarter. Campbell Wealth Management purchased a new stake in shares of Delta Air Lines during the second quarter valued at $25,000. Wallington Asset Management LLC acquired a new position in shares of Delta Air Lines in the 2nd quarter valued at $28,000. Bourgeon Capital Management LLC boosted its position in shares of Delta Air Lines by 400.0% in the 2nd quarter. Bourgeon Capital Management LLC now owns 1,000 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 800 shares during the period. Finally, Endurance Wealth Management Inc. purchased a new position in Delta Air Lines in the 1st quarter worth about $29,000. Hedge funds and other institutional investors own 75.27% of the company’s stock.
NYSE:DAL traded up $0.02 during trading hours on Thursday, reaching $27.69. The company’s stock had a trading volume of 712,179 shares, compared to its average volume of 20,623,960. The company has a current ratio of 0.94, a quick ratio of 0.91 and a debt-to-equity ratio of 2.85. Delta Air Lines, Inc. has a one year low of $17.51 and a one year high of $62.48. The business’s 50-day moving average is $27.08 and its 200-day moving average is $32.06.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Tuesday, July 14th. The transportation company reported ($4.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.24) by ($0.19). The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.40 billion. Delta Air Lines had a negative return on equity of 4.02% and a negative net margin of 10.74%. Delta Air Lines’s quarterly revenue was down 88.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.35 EPS. Analysts expect that Delta Air Lines, Inc. will post -9.48 EPS for the current fiscal year.
DAL has been the subject of several recent analyst reports. ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 6th. Raymond James decreased their price objective on shares of Delta Air Lines from $40.00 to $36.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Goldman Sachs Group boosted their target price on shares of Delta Air Lines from $33.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, June 29th. Credit Suisse Group restated a “market perform” rating and issued a $42.00 target price on shares of Delta Air Lines in a report on Friday, June 12th. Finally, Zacks Investment Research upgraded Delta Air Lines from a “sell” rating to a “hold” rating and set a $31.00 price target on the stock in a report on Wednesday, June 24th. Eleven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $50.22.
In related news, EVP Steven M. Sear sold 14,127 shares of Delta Air Lines stock in a transaction on Friday, August 14th. The shares were sold at an average price of $28.98, for a total value of $409,400.46. Following the transaction, the executive vice president now owns 83,938 shares in the company, valued at approximately $2,432,523.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Paul A. Jacobson sold 18,000 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $29.00, for a total transaction of $522,000.00. Following the transaction, the chief financial officer now directly owns 453,478 shares of the company’s stock, valued at approximately $13,150,862. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by insiders.
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 route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.
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