ProShare Advisors LLC Boosts Holdings in Delta Air Lines, Inc. (NYSE:DAL)

ProShare Advisors LLC raised its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 53.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,815 shares of the transportation company’s stock after buying an additional 45,890 shares during the quarter. ProShare Advisors LLC’s holdings in Delta Air Lines were worth $4,603,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Pacifica Partners Inc. grew its holdings in shares of Delta Air Lines by 117.6% during the 1st quarter. Pacifica Partners Inc. now owns 740 shares of the transportation company’s stock worth $25,000 after purchasing an additional 400 shares during the period. Sound Income Strategies LLC grew its holdings in shares of Delta Air Lines by 1,136.7% during the 1st quarter. Sound Income Strategies LLC now owns 742 shares of the transportation company’s stock worth $26,000 after purchasing an additional 682 shares during the period. Coppell Advisory Solutions Corp. purchased a new stake in shares of Delta Air Lines during the 4th quarter worth about $28,000. GPS Wealth Strategies Group LLC purchased a new stake in shares of Delta Air Lines during the 1st quarter worth about $33,000. Finally, Carmel Capital Partners LLC purchased a new stake in shares of Delta Air Lines during the 1st quarter worth about $35,000. Hedge funds and other institutional investors own 71.29% of the company’s stock.

Delta Air Lines Stock Performance

DAL stock opened at $38.89 on Tuesday. The company has a current ratio of 0.46, a quick ratio of 0.41 and a debt-to-equity ratio of 2.24. The firm has a market cap of $25.02 billion, a P/E ratio of 8.38, a P/E/G ratio of 0.21 and a beta of 1.30. Delta Air Lines, Inc. has a 12-month low of $27.20 and a 12-month high of $49.81. The stock’s 50 day simple moving average is $44.17 and its 200 day simple moving average is $39.57.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, July 13th. The transportation company reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.28. The business had revenue of $15.58 billion for the quarter, compared to analyst estimates of $14.44 billion. Delta Air Lines had a return on equity of 59.56% and a net margin of 5.36%. The business’s revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.44 EPS. As a group, equities research analysts predict that Delta Air Lines, Inc. will post 6.56 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DAL shares. Barclays boosted their target price on Delta Air Lines from $55.00 to $58.00 in a report on Thursday, July 13th. 22nd Century Group reissued a “maintains” rating on shares of Delta Air Lines in a research report on Wednesday, June 28th. Wolfe Research boosted their price target on Delta Air Lines from $51.00 to $54.00 in a research report on Friday, July 14th. Susquehanna boosted their price target on Delta Air Lines from $45.00 to $54.00 in a research report on Wednesday, June 28th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Delta Air Lines from $47.00 to $58.00 in a research report on Wednesday, June 28th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $57.31.

Insider Buying and Selling

In related news, Director Michael P. Huerta sold 3,350 shares of the company’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $48.43, for a total transaction of $162,240.50. Following the completion of the transaction, the director now directly owns 27,465 shares in the company, valued at approximately $1,330,129.95. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Michael P. Huerta sold 3,350 shares of the company’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $48.43, for a total transaction of $162,240.50. Following the completion of the transaction, the director now directly owns 27,465 shares in the company, valued at approximately $1,330,129.95. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Steven M. Sear sold 12,129 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $45.52, for a total value of $552,112.08. Following the transaction, the executive vice president now owns 85,708 shares of the company’s stock, valued at $3,901,428.16. The disclosure for this sale can be found here. Insiders sold a total of 40,479 shares of company stock worth $1,839,353 in the last three months. 0.89% of the stock is owned by insiders.

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