US Bancorp DE Trims Holdings in Delta Air Lines, Inc. (NYSE:DAL)

US Bancorp DE trimmed its position in Delta Air Lines, Inc. (NYSE:DALGet Rating) by 6.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,721 shares of the transportation company’s stock after selling 14,976 shares during the period. US Bancorp DE’s holdings in Delta Air Lines were worth $5,633,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DAL. Lindbrook Capital LLC lifted its holdings in Delta Air Lines by 207.4% in the 2nd quarter. Lindbrook Capital LLC now owns 996 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 672 shares in the last quarter. First PREMIER Bank lifted its holdings in Delta Air Lines by 151.7% in the 3rd quarter. First PREMIER Bank now owns 1,095 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 660 shares in the last quarter. JFS Wealth Advisors LLC lifted its holdings in Delta Air Lines by 75.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 1,118 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 480 shares in the last quarter. Clearview Wealth Advisors LLC lifted its holdings in Delta Air Lines by 450.0% in the 2nd quarter. Clearview Wealth Advisors LLC now owns 1,100 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 900 shares in the last quarter. Finally, Fieldpoint Private Securities LLC lifted its holdings in Delta Air Lines by 1,306.6% in the 2nd quarter. Fieldpoint Private Securities LLC now owns 1,280 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 1,189 shares in the last quarter. 66.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Joanne D. Smith sold 2,000 shares of the firm’s stock in a transaction on Friday, October 28th. The stock was sold at an average price of $34.19, for a total transaction of $68,380.00. Following the transaction, the executive vice president now directly owns 111,153 shares in the company, valued at $3,800,321.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.84% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DAL. Citigroup increased their price objective on shares of Delta Air Lines from $55.00 to $59.00 and gave the stock a “buy” rating in a report on Monday, December 19th. Jefferies Financial Group increased their price objective on shares of Delta Air Lines from $40.00 to $45.00 in a report on Wednesday. Raymond James increased their price objective on shares of Delta Air Lines from $50.00 to $52.00 in a report on Tuesday, October 4th. Argus raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Thursday, January 5th. Finally, Cowen raised shares of Delta Air Lines from a “market perform” rating to an “outperform” rating and set a $54.00 target price for the company in a research report on Friday, October 14th. One investment analyst has rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $49.38.

Delta Air Lines Stock Performance

Delta Air Lines stock opened at $39.60 on Friday. The stock has a market cap of $25.39 billion, a P/E ratio of 360.00 and a beta of 1.20. The company has a current ratio of 0.57, a quick ratio of 0.52 and a debt-to-equity ratio of 4.62. The stock has a 50 day moving average of $34.38 and a 200-day moving average of $32.58. Delta Air Lines, Inc. has a 52 week low of $27.20 and a 52 week high of $46.27.

Delta Air Lines (NYSE:DALGet Rating) last released its earnings results on Thursday, October 13th. The transportation company reported $1.51 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.05). The business had revenue of $13.98 billion for the quarter, compared to analysts’ expectations of $13.62 billion. Delta Air Lines had a net margin of 0.18% and a return on equity of 32.62%. The business’s quarterly revenue was up 52.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 earnings per share. On average, analysts expect that Delta Air Lines, Inc. will post 3.08 EPS for the current fiscal year.

About Delta Air Lines

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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.

See Also

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

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