ING Groep NV purchased a new position in Delta Air Lines Inc. (NYSE:DAL) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 28,045 shares of the company’s stock, valued at approximately $1,022,000.
Other institutional investors also recently added to or reduced their stakes in the company. Ngam Advisors L.P. boosted its position in Delta Air Lines by 17.5% in the first quarter. Ngam Advisors L.P. now owns 114,616 shares of the company’s stock worth $5,579,000 after buying an additional 17,103 shares in the last quarter. Franklin Resources Inc. boosted its position in Delta Air Lines by 24.2% in the first quarter. Franklin Resources Inc. now owns 56,157 shares of the company’s stock worth $2,734,000 after buying an additional 10,929 shares in the last quarter. BlackRock Group LTD boosted its position in Delta Air Lines by 1.8% in the first quarter. BlackRock Group LTD now owns 3,289,149 shares of the company’s stock worth $160,115,000 after buying an additional 57,083 shares in the last quarter. Nikko Asset Management Americas Inc. acquired a new position in Delta Air Lines during the first quarter valued at approximately $508,000. Finally, Baker Ellis Asset Management LLC boosted its position in Delta Air Lines by 4.0% in the first quarter. Baker Ellis Asset Management LLC now owns 5,185 shares of the company’s stock valued at $252,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 84.52% of the company’s stock.
Shares of Delta Air Lines Inc. (NYSE:DAL) traded down 2.48% on Friday, reaching $38.95. The company had a trading volume of 10,707,033 shares. The firm has a market cap of $29.52 billion, a P/E ratio of 6.34 and a beta of 0.95. Delta Air Lines Inc. has a one year low of $32.60 and a one year high of $52.77. The company has a 50-day moving average price of $37.93 and a 200-day moving average price of $40.67.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, July 14th. The company reported $1.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.05. The business had revenue of $10.45 billion for the quarter, compared to analyst estimates of $10.51 billion. Delta Air Lines had a return on equity of 40.31% and a net margin of 11.88%. Delta Air Lines’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.27 EPS. On average, analysts expect that Delta Air Lines Inc. will post $5.70 earnings per share for the current fiscal year.
Several equities analysts have recently commented on the company. Vetr cut Delta Air Lines from a “strong-buy” rating to a “hold” rating and set a $41.22 target price for the company. in a research note on Thursday. Bank of America Corp. set a $60.00 target price on Delta Air Lines and gave the company a “buy” rating in a research note on Tuesday. Buckingham Research set a $54.00 target price on Delta Air Lines and gave the company a “buy” rating in a research note on Wednesday. Credit Suisse Group AG reiterated a “buy” rating and set a $52.00 target price on shares of Delta Air Lines in a research note on Tuesday, September 13th. Finally, Zacks Investment Research upgraded Delta Air Lines from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 6th. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $53.67.
In related news, EVP Steven M. Sear sold 4,670 shares of the business’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $37.18, for a total value of $173,630.60. Following the sale, the executive vice president now owns 52,173 shares of the company’s stock, valued at approximately $1,939,792.14. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director George N. Mattson purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was bought at an average cost of $36.50 per share, for a total transaction of $365,000.00. Following the purchase, the director now owns 54,750 shares in the company, valued at $1,998,375. The disclosure for this purchase can be found here. 0.75% of the stock is owned by corporate insiders.
Delta Air Lines Company Profile
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s operates through segments, including Airline Segment and Refinery Segment. The Airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the United States and around the world and other ancillary airline services.