Delta Air Lines, Inc. (NYSE:DAL) Stake Raised by Alberta Investment Management Corp

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Alberta Investment Management Corp lifted its stake in Delta Air Lines, Inc. (NYSE:DAL) by 27.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 405,800 shares of the transportation company’s stock after purchasing an additional 86,200 shares during the quarter. Alberta Investment Management Corp owned 0.06% of Delta Air Lines worth $23,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Glassman Wealth Services grew its stake in shares of Delta Air Lines by 1,153.5% during the 1st quarter. Glassman Wealth Services now owns 539 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 496 shares during the period. Cornerstone Advisors Inc. increased its position in shares of Delta Air Lines by 36.0% during the 2nd quarter. Cornerstone Advisors Inc. now owns 620 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 164 shares during the last quarter. Carroll Financial Associates Inc. increased its position in shares of Delta Air Lines by 105.6% during the 2nd quarter. Carroll Financial Associates Inc. now owns 623 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 320 shares during the last quarter. Avestar Capital LLC increased its position in shares of Delta Air Lines by 3,385.0% during the 2nd quarter. Avestar Capital LLC now owns 697 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 677 shares during the last quarter. Finally, TCG Advisors LP bought a new position in shares of Delta Air Lines during the 1st quarter valued at approximately $48,000. 86.07% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Rahul D. Samant sold 16,559 shares of Delta Air Lines stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $61.87, for a total value of $1,024,505.33. Following the completion of the transaction, the executive vice president now directly owns 51,039 shares in the company, valued at $3,157,782.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Glen W. Hauenstein sold 50,000 shares of Delta Air Lines stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $63.03, for a total value of $3,151,500.00. Following the completion of the transaction, the president now owns 267,526 shares of the company’s stock, valued at $16,862,163.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,285 shares of company stock worth $5,219,381. Corporate insiders own 0.47% of the company’s stock.

NYSE DAL traded down $0.15 on Friday, hitting $52.95. 10,075,210 shares of the company’s stock were exchanged, compared to its average volume of 6,973,904. The firm has a market cap of $34.43 billion, a price-to-earnings ratio of 9.37, a P/E/G ratio of 0.57 and a beta of 1.16. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.34 and a quick ratio of 0.29. The firm’s 50-day moving average price is $57.15 and its two-hundred day moving average price is $57.16. Delta Air Lines, Inc. has a fifty-two week low of $45.08 and a fifty-two week high of $63.44.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, October 10th. The transportation company reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.06. Delta Air Lines had a return on equity of 31.68% and a net margin of 9.85%. The firm had revenue of $12.56 billion for the quarter, compared to analysts’ expectations of $12.61 billion. During the same quarter in the prior year, the firm earned $1.80 EPS. Delta Air Lines’s quarterly revenue was up 5.1% on a year-over-year basis. On average, research analysts predict that Delta Air Lines, Inc. will post 7.07 earnings per share for the current fiscal year.

Several equities analysts have commented on the company. Cowen cut their price objective on Delta Air Lines from $69.00 to $68.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Argus downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Friday. Berenberg Bank started coverage on Delta Air Lines in a research report on Friday, September 6th. They set a “buy” rating and a $72.00 price target on the stock. Zacks Investment Research upgraded Delta Air Lines from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Friday, September 6th. Finally, Deutsche Bank increased their price target on Delta Air Lines from $56.00 to $61.00 and gave the company a “hold” rating in a research note on Friday, July 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $66.63.

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 route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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