Prospera Financial Services Inc Sells 4,517 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Prospera Financial Services Inc lowered its stake in Delta Air Lines, Inc. (NYSE:DALGet Rating) by 32.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,539 shares of the transportation company’s stock after selling 4,517 shares during the quarter. Prospera Financial Services Inc’s holdings in Delta Air Lines were worth $276,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Lindbrook Capital LLC lifted its holdings in shares of Delta Air Lines by 207.4% in the second quarter. Lindbrook Capital LLC now owns 996 shares of the transportation company’s stock worth $29,000 after acquiring an additional 672 shares during the last quarter. Hazlett Burt & Watson Inc. bought a new position in shares of Delta Air Lines in the first quarter worth about $31,000. Clearview Wealth Advisors LLC lifted its holdings in shares of Delta Air Lines by 450.0% in the second quarter. Clearview Wealth Advisors LLC now owns 1,100 shares of the transportation company’s stock worth $32,000 after acquiring an additional 900 shares during the last quarter. Fieldpoint Private Securities LLC lifted its holdings in shares of Delta Air Lines by 1,306.6% in the second quarter. Fieldpoint Private Securities LLC now owns 1,280 shares of the transportation company’s stock worth $37,000 after acquiring an additional 1,189 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Delta Air Lines by 124.9% in the first quarter. Parkside Financial Bank & Trust now owns 1,273 shares of the transportation company’s stock worth $51,000 after acquiring an additional 707 shares during the last quarter. Institutional investors own 67.90% of the company’s stock.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $35.44 on Friday. The company has a market cap of $22.72 billion, a price-to-earnings ratio of 322.18 and a beta of 1.22. Delta Air Lines, Inc. has a 52 week low of $27.20 and a 52 week high of $46.27. The company has a quick ratio of 0.52, a current ratio of 0.57 and a debt-to-equity ratio of 4.62. The firm has a 50 day moving average of $31.70 and a 200-day moving average of $33.58.

Delta Air Lines (NYSE:DALGet Rating) last posted its quarterly earnings results on Thursday, October 13th. The transportation company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.02). Delta Air Lines had a net margin of 0.18% and a return on equity of 32.62%. The business had revenue of $13.98 billion during the quarter, compared to analyst estimates of $13.62 billion. During the same period in the previous year, the business posted $0.30 EPS. The business’s revenue for the quarter was up 52.7% compared to the same quarter last year. On average, equities analysts forecast that Delta Air Lines, Inc. will post 2.86 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on DAL shares. Berenberg Bank dropped their price objective on shares of Delta Air Lines from $54.00 to $48.50 in a report on Wednesday, July 20th. Cowen upgraded shares of Delta Air Lines from a “market perform” rating to an “outperform” rating and set a $54.00 price objective for the company in a report on Friday, October 14th. Cowen upgraded shares of Delta Air Lines from a “market perform” rating to an “outperform” rating and set a $54.00 price objective for the company in a report on Friday, October 14th. Raymond James raised their price objective on shares of Delta Air Lines from $50.00 to $52.00 in a report on Tuesday, October 4th. Finally, StockNews.com started coverage on shares of Delta Air Lines in a report on Wednesday, October 12th. They set a “hold” rating for the company. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Delta Air Lines has an average rating of “Moderate Buy” and a consensus target price of $49.56.

Insider Activity at Delta Air Lines

In related news, EVP Joanne D. Smith sold 2,000 shares of Delta Air Lines stock in a transaction on Friday, October 28th. The shares were sold at an average price of $34.19, for a total value of $68,380.00. Following the completion of the sale, the executive vice president now owns 111,153 shares of the company’s stock, valued at approximately $3,800,321.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.84% of the stock is currently owned by insiders.

Delta Air Lines Company Profile

(Get Rating)

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, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.

See Also

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

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