Delta Air Lines, Inc. (DAL) Shares Bought by Jolley Asset Management LLC
Jolley Asset Management LLC raised its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 10.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 89,246 shares of the transportation company’s stock after buying an additional 8,479 shares during the period. Delta Air Lines makes up 3.2% of Jolley Asset Management LLC’s portfolio, making the stock its 7th biggest position. Jolley Asset Management LLC’s holdings in Delta Air Lines were worth $4,998,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Delta Air Lines by 0.6% in the second quarter. Vanguard Group Inc. now owns 44,951,865 shares of the transportation company’s stock worth $2,415,714,000 after buying an additional 274,997 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Delta Air Lines by 3.3% in the third quarter. Dimensional Fund Advisors LP now owns 7,821,694 shares of the transportation company’s stock valued at $377,169,000 after purchasing an additional 250,731 shares during the period. APG Asset Management N.V. raised its position in shares of Delta Air Lines by 12.3% in the third quarter. APG Asset Management N.V. now owns 4,100,199 shares of the transportation company’s stock valued at $197,712,000 after purchasing an additional 449,700 shares during the period. Alyeska Investment Group L.P. increased its position in Delta Air Lines by 35.8% during the third quarter. Alyeska Investment Group L.P. now owns 4,003,366 shares of the transportation company’s stock worth $193,042,000 after acquiring an additional 1,055,182 shares during the period. Finally, Carmignac Gestion increased its position in Delta Air Lines by 0.3% during the second quarter. Carmignac Gestion now owns 3,936,189 shares of the transportation company’s stock worth $211,531,000 after acquiring an additional 12,800 shares during the period. 85.07% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Edward H. Bastian sold 20,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $52.79, for a total value of $1,055,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peter W. Carter sold 19,809 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $50.42, for a total value of $998,769.78. Following the sale, the executive vice president now directly owns 67,077 shares of the company’s stock, valued at $3,382,022.34. The disclosure for this sale can be found here. In the last quarter, insiders have sold 249,197 shares of company stock worth $13,797,192. 0.37% of the stock is owned by corporate insiders.
Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, January 11th. The transportation company reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.08. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.28%. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the company earned $0.82 EPS. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. equities research analysts predict that Delta Air Lines, Inc. will post 6.4 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on DAL shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $63.00 target price (down previously from $67.00) on shares of Delta Air Lines in a research report on Wednesday, September 27th. Imperial Capital reaffirmed an “outperform” rating and set a $65.00 target price (up previously from $63.00) on shares of Delta Air Lines in a research report on Friday, January 12th. ValuEngine raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Cowen boosted their target price on shares of Delta Air Lines from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, October 12th. Finally, Sanford C. Bernstein set a $67.00 price target on shares of Delta Air Lines and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $65.53.
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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.
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