Pensionfund Sabic acquired a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 31,000 shares of the transportation company’s stock, valued at approximately $1,495,000.

Several other hedge funds also recently modified their holdings of DAL. Roundview Capital LLC bought a new position in shares of Delta Air Lines in the 1st quarter valued at approximately $234,000. Burney Co. raised its stake in shares of Delta Air Lines by 2.0% in the 1st quarter. Burney Co. now owns 24,118 shares of the transportation company’s stock valued at $1,108,000 after acquiring an additional 477 shares in the last quarter. Traynor Capital Management Inc. raised its stake in shares of Delta Air Lines by 13.4% in the 1st quarter. Traynor Capital Management Inc. now owns 4,853 shares of the transportation company’s stock valued at $232,000 after acquiring an additional 575 shares in the last quarter. Summit Financial Wealth Advisors LLC raised its stake in shares of Delta Air Lines by 62.1% in the 1st quarter. Summit Financial Wealth Advisors LLC now owns 28,540 shares of the transportation company’s stock valued at $1,312,000 after acquiring an additional 10,935 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of Delta Air Lines by 7.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 114,663 shares of the transportation company’s stock valued at $5,270,000 after acquiring an additional 8,205 shares in the last quarter. 86.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of Delta Air Lines, Inc. (DAL) traded up 0.30% during mid-day trading on Wednesday, hitting $52.92. The stock had a trading volume of 2,203,221 shares. The stock has a market capitalization of $38.53 billion, a P/E ratio of 10.49 and a beta of 1.24. The stock has a 50 day moving average of $49.03 and a 200-day moving average of $49.55. Delta Air Lines, Inc. has a 52 week low of $39.05 and a 52 week high of $55.75.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Wednesday, October 11th. The transportation company reported $1.57 EPS for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.04. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The firm had revenue of $11.06 billion for the quarter, compared to analyst estimates of $11.03 billion. During the same quarter last year, the company earned $1.70 EPS. The company’s revenue was up 5.5% on a year-over-year basis. On average, equities research analysts predict that Delta Air Lines, Inc. will post $5.12 earnings per share for the current year.

A number of research analysts recently weighed in on DAL shares. Stifel Nicolaus reissued a “buy” rating and issued a $80.00 price objective (up from $75.00) on shares of Delta Air Lines in a research note on Friday, July 14th. ValuEngine downgraded Delta Air Lines from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Bank of America Corporation lifted their price target on Delta Air Lines from $64.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, June 30th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $62.00 price target (up from $58.00) on shares of Delta Air Lines in a research report on Friday, July 14th. Finally, Vetr raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $56.43 price target on the stock in a research report on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $63.84.

In other Delta Air Lines news, EVP Joanne D. Smith sold 33,863 shares of the firm’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $53.61, for a total transaction of $1,815,395.43. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Steven M. Sear sold 6,898 shares of the firm’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $53.01, for a total value of $365,662.98. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 75,000 shares of company stock worth $278,160 and have sold 200,001 shares worth $10,630,333. 0.37% of the stock is owned by company insiders.

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Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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

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