DekaBank Deutsche Girozentrale Raises Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

DekaBank Deutsche Girozentrale boosted its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 8.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 56,494 shares of the transportation company’s stock after buying an additional 4,599 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Delta Air Lines were worth $2,754,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. increased its holdings in shares of Delta Air Lines by 22.2% in the second quarter. Meeder Asset Management Inc. now owns 102,826 shares of the transportation company’s stock worth $4,878,000 after purchasing an additional 18,659 shares during the last quarter. Main Street Financial Solutions LLC increased its holdings in shares of Delta Air Lines by 3.9% in the second quarter. Main Street Financial Solutions LLC now owns 11,413 shares of the transportation company’s stock worth $541,000 after purchasing an additional 426 shares during the last quarter. BOKF NA increased its holdings in shares of Delta Air Lines by 432.1% in the second quarter. BOKF NA now owns 12,099 shares of the transportation company’s stock worth $574,000 after purchasing an additional 9,825 shares during the last quarter. Forsta AP Fonden increased its holdings in shares of Delta Air Lines by 217.7% in the second quarter. Forsta AP Fonden now owns 30,500 shares of the transportation company’s stock worth $1,447,000 after purchasing an additional 20,900 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of Delta Air Lines in the second quarter worth about $60,217,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Up 0.5 %

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

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

Analyst Ratings Changes

Several brokerages have recently issued reports on DAL. Citigroup lifted their target price on Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. TD Cowen reduced their target price on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Jefferies Financial Group reduced their target price on Delta Air Lines from $58.00 to $56.00 and set a “buy” rating on the stock in a report on Friday, June 28th. Finally, Sanford C. Bernstein dropped their price target on 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. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $61.52.

Insider Buying and Selling at Delta Air Lines

In other news, Director Willie Cw Chiang purchased 10,000 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was purchased at an average price of $43.90 per share, for a total transaction of $439,000.00. Following the completion of the acquisition, the director now owns 20,000 shares of the company’s stock, valued at $878,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.96% 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, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.