Toroso Investments LLC increased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL – Get Rating) by 1.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,318 shares of the transportation company’s stock after buying an additional 1,123 shares during the period. Toroso Investments LLC’s holdings in Delta Air Lines were worth $2,585,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas lifted its holdings in shares of Delta Air Lines by 14.6% in the fourth quarter. Teacher Retirement System of Texas now owns 46,087 shares of the transportation company’s stock valued at $1,801,000 after purchasing an additional 5,871 shares in the last quarter. Pictet Asset Management SA lifted its holdings in shares of Delta Air Lines by 4.4% in the fourth quarter. Pictet Asset Management SA now owns 179,294 shares of the transportation company’s stock valued at $7,007,000 after purchasing an additional 7,488 shares in the last quarter. Prudential PLC purchased a new stake in shares of Delta Air Lines in the fourth quarter valued at about $600,000. Allianz Asset Management GmbH lifted its holdings in shares of Delta Air Lines by 3.2% in the fourth quarter. Allianz Asset Management GmbH now owns 522,078 shares of the transportation company’s stock valued at $20,404,000 after purchasing an additional 16,293 shares in the last quarter. Finally, MAI Capital Management lifted its holdings in shares of Delta Air Lines by 2.9% in the fourth quarter. MAI Capital Management now owns 11,384 shares of the transportation company’s stock valued at $445,000 after purchasing an additional 316 shares in the last quarter. Hedge funds and other institutional investors own 67.90% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. Argus downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Friday, July 15th. Berenberg Bank reduced their price objective on shares of Delta Air Lines from $54.00 to $48.50 in a research note on Wednesday, July 20th. Jefferies Financial Group reduced their price objective on shares of Delta Air Lines from $50.00 to $45.00 in a research note on Friday, July 15th. Melius began coverage on shares of Delta Air Lines in a research note on Monday, August 15th. They set a “buy” rating on the stock. Finally, Barclays reduced their price objective on shares of Delta Air Lines from $60.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, July 8th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Delta Air Lines currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.50.
Delta Air Lines Price Performance
Delta Air Lines stock opened at $33.28 on Friday. Delta Air Lines, Inc. has a 52-week low of $28.09 and a 52-week high of $46.27. The firm has a fifty day moving average of $32.22 and a 200-day moving average of $35.49. The firm has a market capitalization of $21.34 billion, a P/E ratio of 36.49 and a beta of 1.18. The company has a quick ratio of 0.59, a current ratio of 0.66 and a debt-to-equity ratio of 6.01.
Delta Air Lines (NYSE:DAL – Get Rating) last released its quarterly earnings data on Wednesday, July 13th. The transportation company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.27). Delta Air Lines had a return on equity of 14.26% and a net margin of 1.43%. The business had revenue of $13.82 billion during the quarter, compared to analyst estimates of $13.40 billion. During the same period in the previous year, the company earned ($1.07) EPS. Delta Air Lines’s revenue was up 93.9% on a year-over-year basis. As a group, analysts predict that Delta Air Lines, Inc. will post 2.8 EPS for the current year.
Insider Transactions at Delta Air Lines
In other Delta Air Lines news, Director David S. Taylor acquired 10,000 shares of the company’s stock in a transaction dated Thursday, July 14th. The stock was bought at an average price of $29.31 per share, with a total value of $293,100.00. Following the completion of the transaction, the director now directly owns 43,010 shares of the company’s stock, valued at $1,260,623.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.84% of the company’s stock.
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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