Sienna Gestion Makes New Investment in Delta Air Lines, Inc. (NYSE:DAL)

Sienna Gestion acquired a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 82,157 shares of the transportation company’s stock, valued at approximately $3,896,000.

Other institutional investors have also recently made changes to their positions in the company. Strategic Financial Concepts LLC acquired a new stake in Delta Air Lines in the 2nd quarter worth approximately $36,000. Rise Advisors LLC raised its stake in Delta Air Lines by 122.5% in the 1st quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock worth $39,000 after acquiring an additional 452 shares during the last quarter. Unique Wealth Strategies LLC acquired a new stake in Delta Air Lines during the 2nd quarter worth about $40,000. Richard W. Paul & Associates LLC grew its stake in Delta Air Lines by 68.7% during the 2nd quarter. Richard W. Paul & Associates LLC now owns 877 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 357 shares during the last quarter. Finally, Scarborough Advisors LLC acquired a new position in shares of Delta Air Lines in the fourth quarter valued at about $43,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DAL. TD Cowen dropped their target price on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Jefferies Financial Group cut their price objective on shares of Delta Air Lines from $58.00 to $56.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. Sanford C. Bernstein decreased their target price on shares of Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating for the company in a research report on Friday, July 12th. Finally, Citigroup increased their price target on Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Delta Air Lines has an average rating of “Buy” and a consensus target price of $61.52.

Delta Air Lines Trading Up 0.5 %

Shares of NYSE:DAL opened at $46.93 on Thursday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.40 and a quick ratio of 0.35. The business’s 50 day moving average price is $42.25 and its 200-day moving average price is $46.21. The firm has a market capitalization of $30.28 billion, a price-to-earnings ratio of 6.75, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $53.86.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, July 11th. The transportation company reported $2.36 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.01). The company had revenue of $15.41 billion for the quarter, compared to analyst estimates of $15.45 billion. Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $2.68 EPS. On average, equities research analysts forecast that Delta Air Lines, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Transactions at Delta Air Lines

In related news, Director Willie Cw Chiang acquired 10,000 shares of Delta Air Lines stock in a transaction that occurred on Friday, July 12th. The shares were purchased at an average price of $43.90 per share, for a total transaction of $439,000.00. Following the completion of the transaction, the director now owns 20,000 shares in the company, valued at approximately $878,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.96% of the company’s stock.

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, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.