Investment House LLC decreased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 9.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,700 shares of the transportation company’s stock after selling 16,335 shares during the quarter. Investment House LLC’s holdings in Delta Air Lines were worth $7,990,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of Delta Air Lines by 2,951.4% during the 1st quarter. BlackRock Inc. now owns 45,260,856 shares of the transportation company’s stock worth $2,080,189,000 after purchasing an additional 43,777,555 shares during the period. Vanguard Group Inc. grew its stake in shares of Delta Air Lines by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 44,951,865 shares of the transportation company’s stock worth $2,415,714,000 after purchasing an additional 274,997 shares during the period. Lansdowne Partners UK LLP grew its stake in shares of Delta Air Lines by 7.3% during the 1st quarter. Lansdowne Partners UK LLP now owns 28,103,972 shares of the transportation company’s stock worth $1,291,656,000 after purchasing an additional 1,918,036 shares during the period. AQR Capital Management LLC grew its stake in shares of Delta Air Lines by 15.8% during the 1st quarter. AQR Capital Management LLC now owns 9,571,378 shares of the transportation company’s stock worth $439,900,000 after purchasing an additional 1,308,115 shares during the period. Finally, Boston Partners grew its stake in shares of Delta Air Lines by 2.5% during the 2nd quarter. Boston Partners now owns 7,774,829 shares of the transportation company’s stock worth $417,820,000 after purchasing an additional 190,531 shares during the period. 87.68% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Joanne D. Smith sold 33,863 shares of the 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 available at this hyperlink. Also, CEO Edward H. Bastian sold 159,240 shares of the stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $53.06, for a total value of $8,449,274.40. The disclosure for this sale can be found here. In the last three months, insiders acquired 25,000 shares of company stock worth $274,160 and sold 200,001 shares worth $10,630,333. 0.37% of the stock is currently owned by corporate insiders.

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A number of equities research analysts have recently commented on DAL shares. Deutsche Bank AG reaffirmed a “buy” rating and set a $62.00 price objective (up previously from $58.00) on shares of Delta Air Lines in a research note on Friday, July 14th. Zacks Investment Research cut shares of Delta Air Lines from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 21st. Imperial Capital reaffirmed a “hold” rating and set a $50.00 price objective on shares of Delta Air Lines in a research note on Wednesday, September 6th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $63.00 price objective (down previously from $67.00) on shares of Delta Air Lines in a research note on Wednesday, September 27th. Finally, Vetr raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $57.50 price objective on the stock in a research note on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. Delta Air Lines presently has an average rating of “Buy” and an average price target of $64.16.

Shares of Delta Air Lines, Inc. (DAL) traded up 0.40% on Wednesday, reaching $50.23. The company’s stock had a trading volume of 2,091,782 shares. The company has a 50 day moving average of $50.54 and a 200 day moving average of $50.10. Delta Air Lines, Inc. has a 1-year low of $41.72 and a 1-year high of $55.75. The stock has a market capitalization of $35.96 billion, a P/E ratio of 10.10 and a beta of 1.24.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.04. The company had revenue of $11.06 billion for the quarter, compared to analyst estimates of $11.03 billion. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. Delta Air Lines’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.70 earnings per share. Equities research analysts expect that Delta Air Lines, Inc. will post $5.12 earnings per share for the current fiscal year.

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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