Cwm LLC Acquires 14,503 Shares of Delta Air Lines, Inc. $DAL

Cwm LLC boosted its stake in Delta Air Lines, Inc. (NYSE:DAL) by 8.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 187,660 shares of the transportation company’s stock after purchasing an additional 14,503 shares during the period. Cwm LLC’s holdings in Delta Air Lines were worth $10,650,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Delta Air Lines in the second quarter valued at about $386,364,000. AQR Capital Management LLC boosted its holdings in Delta Air Lines by 149.9% in the first quarter. AQR Capital Management LLC now owns 5,963,882 shares of the transportation company’s stock valued at $246,487,000 after acquiring an additional 3,577,489 shares during the last quarter. Vanguard Group Inc. increased its position in Delta Air Lines by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 74,572,577 shares of the transportation company’s stock valued at $3,667,479,000 after purchasing an additional 1,648,071 shares during the period. Southpoint Capital Advisors LP bought a new position in Delta Air Lines during the 1st quarter worth approximately $47,960,000. Finally, Thrivent Financial for Lutherans lifted its position in shares of Delta Air Lines by 39.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,407,585 shares of the transportation company’s stock worth $118,409,000 after purchasing an additional 685,312 shares during the period. 69.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DAL shares. Bank of America increased their price objective on shares of Delta Air Lines from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. TD Cowen lifted their price objective on Delta Air Lines from $72.00 to $77.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Dbs Bank raised Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Evercore ISI raised their target price on Delta Air Lines from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Finally, Sanford C. Bernstein lifted their target price on Delta Air Lines from $71.00 to $74.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company. Based on data from MarketBeat.com, Delta Air Lines has an average rating of “Buy” and an average target price of $75.07.

Delta Air Lines Stock Down 0.1%

DAL stock opened at $70.86 on Monday. The stock’s 50 day simple moving average is $63.30 and its 200 day simple moving average is $58.60. The company has a market cap of $46.27 billion, a P/E ratio of 9.98, a price-to-earnings-growth ratio of 1.55 and a beta of 1.37. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $72.34.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%.The firm had revenue of $8.40 billion during the quarter. On average, research analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Delta Air Lines

In related news, EVP John E. Laughter sold 23,323 shares of the company’s stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total value of $1,453,722.59. Following the sale, the executive vice president owned 81,109 shares in the company, valued at $5,055,523.97. This represents a 22.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP William C. Carroll sold 14,010 shares of Delta Air Lines stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total value of $858,112.50. Following the transaction, the senior vice president owned 15,816 shares of the company’s stock, valued at $968,730. This trade represents a 46.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.96% of the company’s stock.

About Delta Air Lines

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.