Delta Air Lines, Inc. (NYSE:DAL) Stake Lessened by MRP Capital Investments LLC

MRP Capital Investments LLC decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 68.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,665 shares of the transportation company’s stock after selling 16,765 shares during the quarter. MRP Capital Investments LLC’s holdings in Delta Air Lines were worth $364,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of DAL. Janney Montgomery Scott LLC lifted its position in shares of Delta Air Lines by 6.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 125,562 shares of the transportation company’s stock worth $5,051,000 after purchasing an additional 7,144 shares in the last quarter. Norges Bank purchased a new stake in Delta Air Lines in the 4th quarter worth approximately $65,056,000. Coldstream Capital Management Inc. lifted its position in Delta Air Lines by 2.5% in the 4th quarter. Coldstream Capital Management Inc. now owns 12,240 shares of the transportation company’s stock worth $492,000 after buying an additional 304 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Delta Air Lines by 7.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,127,607 shares of the transportation company’s stock valued at $45,364,000 after buying an additional 73,936 shares during the period. Finally, D.A. Davidson & CO. grew its holdings in shares of Delta Air Lines by 6.5% during the 4th quarter. D.A. Davidson & CO. now owns 24,702 shares of the transportation company’s stock valued at $994,000 after acquiring an additional 1,509 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

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 quick ratio of 0.35 and a current ratio of 0.40. The stock’s 50-day moving average is $42.25 and its 200-day moving average is $46.21. The company has a market cap of $30.28 billion, a P/E ratio of 6.75, a P/E/G ratio of 0.89 and a beta of 1.34. Delta Air Lines, Inc. has a 52-week low of $30.60 and a 52-week high of $53.86.

Delta Air Lines (NYSE:DAL) last announced its 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 business had revenue of $15.41 billion for the quarter, compared to the consensus estimate of $15.45 billion. Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. Delta Air Lines’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.68 EPS. Equities research analysts predict that Delta Air Lines, Inc. will post 5.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, Director Willie Cw Chiang purchased 10,000 shares of Delta Air Lines stock in a transaction on Friday, July 12th. The stock was purchased at an average cost of $43.90 per share, with a total value of $439,000.00. Following the acquisition, the director now directly owns 20,000 shares in the company, valued at $878,000. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.96% of the stock is currently owned by insiders.

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.