Delta Air Lines, Inc. $DAL Stock Holdings Boosted by Swedbank AB

Swedbank AB lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 6.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,598 shares of the transportation company’s stock after acquiring an additional 6,178 shares during the quarter. Swedbank AB’s holdings in Delta Air Lines were worth $5,242,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Wealth Preservation Advisors LLC acquired a new stake in shares of Delta Air Lines in the first quarter worth $31,000. Zions Bancorporation National Association UT bought a new position in Delta Air Lines during the first quarter valued at about $33,000. Hara Capital LLC bought a new position in Delta Air Lines during the first quarter valued at about $35,000. Bernard Wealth Management Corp. bought a new position in Delta Air Lines during the fourth quarter valued at about $51,000. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Delta Air Lines in the first quarter worth about $40,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Activity at Delta Air Lines

In related news, EVP Alain Bellemare sold 45,423 shares of Delta Air Lines stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $55.56, for a total value of $2,523,701.88. Following the transaction, the executive vice president directly owned 131,731 shares of the company’s stock, valued at $7,318,974.36. This trade represents a 25.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael P. Huerta sold 2,500 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total transaction of $151,750.00. Following the completion of the transaction, the director directly owned 33,245 shares in the company, valued at $2,017,971.50. This trade represents a 6.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 136,473 shares of company stock valued at $7,663,496. 0.96% of the stock is currently owned by company insiders.

Delta Air Lines Trading Up 0.6%

Delta Air Lines stock opened at $59.83 on Monday. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.38 and a quick ratio of 0.33. The company has a market cap of $39.07 billion, a price-to-earnings ratio of 8.67, a P/E/G ratio of 1.82 and a beta of 1.51. The firm has a 50-day moving average of $57.94 and a 200-day moving average of $50.54.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, July 10th. The transportation company reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.09. The business had revenue of $15.51 billion during the quarter, compared to analysts’ expectations of $16.16 billion. Delta Air Lines had a return on equity of 24.86% and a net margin of 7.24%.Delta Air Lines’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the company posted $2.36 earnings per share. On average, equities analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on DAL shares. BNP Paribas Exane lifted their price objective on Delta Air Lines from $58.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, July 11th. HSBC lifted their price objective on Delta Air Lines from $64.00 to $69.20 in a report on Friday, July 11th. Raymond James Financial boosted their target price on Delta Air Lines from $60.00 to $68.00 in a report on Friday, July 11th. Wolfe Research boosted their price objective on shares of Delta Air Lines from $56.00 to $63.00 in a research report on Monday, July 14th. Finally, Jefferies Financial Group boosted their price objective on shares of Delta Air Lines from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $66.56.

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, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.