Hennessy Advisors Inc. trimmed its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 3.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,200 shares of the transportation company’s stock after selling 1,800 shares during the period. Hennessy Advisors Inc.’s holdings in Delta Air Lines were worth $3,192,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Lido Advisors LLC lifted its holdings in Delta Air Lines by 23.8% during the 2nd quarter. Lido Advisors LLC now owns 11,448 shares of the transportation company’s stock worth $567,000 after purchasing an additional 2,204 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in Delta Air Lines by 9.9% during the 2nd quarter. Baird Financial Group Inc. now owns 170,079 shares of the transportation company’s stock worth $8,426,000 after purchasing an additional 15,326 shares during the last quarter. Elgethun Capital Management lifted its holdings in Delta Air Lines by 55.4% during the 2nd quarter. Elgethun Capital Management now owns 22,512 shares of the transportation company’s stock worth $1,120,000 after purchasing an additional 8,027 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Delta Air Lines by 16.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 3,631,537 shares of the transportation company’s stock worth $179,907,000 after purchasing an additional 499,562 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in Delta Air Lines by 2.2% during the 2nd quarter. Swiss National Bank now owns 584,607 shares of the transportation company’s stock worth $28,961,000 after purchasing an additional 12,700 shares during the last quarter. 87.27% of the stock is owned by institutional investors.

In other Delta Air Lines news, Director William H. Easter III sold 3,000 shares of the firm’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $58.47, for a total transaction of $175,410.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Craig M. Meynard sold 1,793 shares of the firm’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of $54.31, for a total value of $97,377.83. Following the transaction, the vice president now owns 7,170 shares in the company, valued at approximately $389,402.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,787 shares of company stock worth $5,519,226. Corporate insiders own 0.33% of the company’s stock.

Delta Air Lines stock opened at $52.05 on Friday. Delta Air Lines, Inc. has a one year low of $48.33 and a one year high of $60.79. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.31 and a current ratio of 0.40. The firm has a market cap of $39.98 billion, a price-to-earnings ratio of 10.56, a P/E/G ratio of 0.51 and a beta of 1.00.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, October 11th. The transportation company reported $1.80 EPS for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.06. Delta Air Lines had a return on equity of 26.75% and a net margin of 7.72%. The firm had revenue of $11.95 billion for the quarter, compared to analyst estimates of $11.96 billion. During the same quarter last year, the company earned $1.57 EPS. Equities research analysts expect that Delta Air Lines, Inc. will post 5.6 earnings per share for the current fiscal year.

Several research firms recently weighed in on DAL. Imperial Capital reissued an “outperform” rating and set a $68.00 price target on shares of Delta Air Lines in a report on Friday, July 13th. Zacks Investment Research raised Delta Air Lines from a “sell” rating to a “hold” rating in a report on Monday, July 2nd. Cfra reissued a “buy” rating and set a $70.00 price target on shares of Delta Air Lines in a report on Monday, June 18th. Barclays dropped their price target on Delta Air Lines from $73.00 to $62.00 and set an “overweight” rating for the company in a report on Monday, July 16th. Finally, ValuEngine raised Delta Air Lines from a “sell” rating to a “hold” rating in a report on Thursday, July 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Delta Air Lines currently has a consensus rating of “Buy” and a consensus target price of $67.36.

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 route network is centered on a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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

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