Tredje AP fonden Sells 21,210 Shares of Delta Air Lines, Inc. (NYSE:DAL)
Tredje AP fonden reduced its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 68.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,902 shares of the transportation company’s stock after selling 21,210 shares during the quarter. Tredje AP fonden’s holdings in Delta Air Lines were worth $283,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the stock. Endurance Wealth Management Inc. bought a new stake in Delta Air Lines during the 1st quarter worth approximately $29,000. ERTS Wealth Advisors LLC purchased a new stake in Delta Air Lines during the 4th quarter valued at approximately $30,000. First PREMIER Bank purchased a new position in shares of Delta Air Lines in the first quarter valued at $30,000. Prestige Wealth Management Group LLC purchased a new position in shares of Delta Air Lines in the first quarter valued at $31,000. Finally, Carroll Financial Associates Inc. grew its holdings in shares of Delta Air Lines by 171.8% in the first quarter. Carroll Financial Associates Inc. now owns 1,147 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 725 shares in the last quarter. Institutional investors own 75.69% of the company’s stock.
In other news, Director David S. Taylor acquired 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was purchased at an average cost of $21.95 per share, for a total transaction of $65,850.00. Following the completion of the acquisition, the director now directly owns 8,460 shares of the company’s stock, valued at approximately $185,697. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Berkshire Hathaway Inc sold 7,747,766 shares of Delta Air Lines stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $24.73, for a total value of $191,602,253.18. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.
Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Wednesday, April 22nd. The transportation company reported ($0.51) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.21. The firm had revenue of $8.59 billion during the quarter, compared to the consensus estimate of $9.33 billion. Delta Air Lines had a return on equity of 25.95% and a net margin of 7.76%. The firm’s quarterly revenue was down 18.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 earnings per share. Equities research analysts expect that Delta Air Lines, Inc. will post -7.65 EPS for the current year.
A number of research analysts recently weighed in on DAL shares. Cowen started coverage on shares of Delta Air Lines in a report on Friday, May 29th. They issued a “buy” rating and a $33.00 target price for the company. Citigroup raised their target price on shares of Delta Air Lines from $30.00 to $38.00 and gave the company a “buy” rating in a report on Monday, June 15th. Barclays lowered shares of Delta Air Lines from an “overweight” rating to an “equal weight” rating in a report on Monday, May 4th. Cfra cut their target price on shares of Delta Air Lines from $75.00 to $59.00 and set a “hold” rating for the company in a report on Friday, February 28th. Finally, Raymond James cut their target price on shares of Delta Air Lines from $40.00 to $36.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. Twelve analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $52.53.
Delta Air Lines Company Profile
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 and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.
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