Mutual of America Capital Management LLC Buys 1,421 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Mutual of America Capital Management LLC raised its stake in shares of Delta Air Lines, Inc. (NYSE:DALGet Rating) by 1.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 100,840 shares of the transportation company’s stock after acquiring an additional 1,421 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Delta Air Lines were worth $2,921,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DAL. Lindbrook Capital LLC lifted its holdings in shares of Delta Air Lines by 207.4% during the second quarter. Lindbrook Capital LLC now owns 996 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 672 shares during the period. Hazlett Burt & Watson Inc. bought a new position in shares of Delta Air Lines in the first quarter valued at about $31,000. Clearview Wealth Advisors LLC raised 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 valued at $32,000 after buying an additional 900 shares during the last quarter. Fieldpoint Private Securities LLC raised 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 valued at $37,000 after buying an additional 1,189 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised 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 valued at $51,000 after buying an additional 707 shares during the last quarter. 67.90% of the stock is owned by institutional investors.

Delta Air Lines Price Performance

Delta Air Lines stock opened at $34.23 on Tuesday. The firm has a market capitalization of $21.95 billion, a P/E ratio of 311.18 and a beta of 1.22. Delta Air Lines, Inc. has a 1 year low of $27.20 and a 1 year high of $46.27. The business has a 50-day moving average of $31.98 and a 200-day moving average of $33.14. The company has a current ratio of 0.57, a quick ratio of 0.52 and a debt-to-equity ratio of 4.62.

Delta Air Lines (NYSE:DALGet Rating) last posted its 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). The company had revenue of $13.98 billion for the quarter, compared to analyst estimates of $13.62 billion. Delta Air Lines had a return on equity of 32.62% and a net margin of 0.18%. Delta Air Lines’s quarterly revenue was up 52.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 earnings per share. On average, equities analysts anticipate that Delta Air Lines, Inc. will post 2.9 EPS for the current year.

Insider Transactions at Delta Air Lines

In related news, EVP Joanne D. Smith sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $34.19, for a total value of $68,380.00. Following the completion of the transaction, the executive vice president now directly owns 111,153 shares in the company, valued at approximately $3,800,321.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.84% of the company’s stock.

Analysts Set New Price Targets

DAL has been the subject of a number of research analyst reports. Barclays cut their price target on Delta Air Lines from $45.00 to $38.00 in a report on Wednesday, October 12th. Cowen raised Delta Air Lines from a “market perform” rating to an “outperform” rating and set a $54.00 price target for the company in a report on Friday, October 14th. Jefferies Financial Group lifted their price target on Delta Air Lines from $35.00 to $40.00 and gave the company a “buy” rating in a report on Monday, October 24th. Melius began coverage on Delta Air Lines in a report on Monday, August 15th. They issued a “buy” rating for the company. Finally, Cowen raised 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. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $49.56.

Delta Air Lines Profile

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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.

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

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