Amalgamated Bank Sells 15,231 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Amalgamated Bank lowered its position in Delta Air Lines, Inc. (NYSE:DAL) by 8.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 160,943 shares of the transportation company’s stock after selling 15,231 shares during the period. Amalgamated Bank’s holdings in Delta Air Lines were worth $7,635,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Strategic Financial Concepts LLC bought a new position in shares of Delta Air Lines during the 2nd quarter valued at about $36,000. Rise Advisors LLC boosted its holdings in shares of Delta Air Lines by 122.5% during the 1st quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 452 shares during the last quarter. Unique Wealth Strategies LLC bought a new position in shares of Delta Air Lines during the 2nd quarter valued at about $40,000. Richard W. Paul & Associates LLC boosted its holdings in shares of 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 bought a new position in shares of Delta Air Lines during the 4th quarter valued at about $43,000. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Up 0.4 %

Shares of NYSE DAL opened at $47.12 on Friday. 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 company has a market cap of $30.40 billion, a P/E ratio of 6.78, a PEG 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. The firm has a 50-day simple moving average of $42.29 and a two-hundred day simple moving average of $46.22.

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

Insider Activity

In related news, Director Willie Cw Chiang purchased 10,000 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was purchased at an average price of $43.90 per share, with a total value of $439,000.00. Following the completion of the purchase, the director now owns 20,000 shares of the company’s stock, valued at approximately $878,000. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.