UMB Bank N A MO trimmed its position in Delta Air Lines, Inc. (NYSE:DAL) by 71.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 34,356 shares of the transportation company’s stock after selling 87,065 shares during the period. UMB Bank N A MO’s holdings in Delta Air Lines were worth $980,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DAL. GQG Partners LLC purchased a new stake in Delta Air Lines in the 4th quarter valued at about $120,638,000. Norges Bank purchased a new stake in Delta Air Lines in the 4th quarter valued at about $116,385,000. Morgan Stanley increased its stake in Delta Air Lines by 52.8% in the 1st quarter. Morgan Stanley now owns 5,726,585 shares of the transportation company’s stock valued at $163,379,000 after buying an additional 1,979,986 shares during the last quarter. Alliancebernstein L.P. increased its stake in Delta Air Lines by 18.0% in the 4th quarter. Alliancebernstein L.P. now owns 8,147,971 shares of the transportation company’s stock valued at $476,493,000 after buying an additional 1,241,210 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in Delta Air Lines by 27.0% in the 4th quarter. Janus Henderson Group PLC now owns 5,455,725 shares of the transportation company’s stock valued at $319,050,000 after buying an additional 1,159,318 shares during the last quarter. Hedge funds and other institutional investors own 75.69% of the company’s stock.

NYSE:DAL traded down $1.08 during trading hours on Friday, hitting $26.93. The stock had a trading volume of 12,119,009 shares, compared to its average volume of 64,449,524. The company has a 50 day simple moving average of $26.38 and a two-hundred day simple moving average of $40.74. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.53 and a quick ratio of 0.48. Delta Air Lines, Inc. has a one year low of $17.51 and a one year high of $63.44. The firm has a market capitalization of $17.44 billion, a price-to-earnings ratio of 5.20 and a beta of 1.24.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Wednesday, April 22nd. The transportation company reported ($0.51) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.72) by $0.21. Delta Air Lines had a net margin of 7.76% and a return on equity of 25.95%. The firm had revenue of $8.59 billion during the quarter, compared to the consensus estimate of $9.33 billion. During the same period last year, the firm earned $0.96 EPS. The business’s quarterly revenue was down 18.0% compared to the same quarter last year. Equities research analysts anticipate that Delta Air Lines, Inc. will post -7.65 earnings per share for the current year.

Several equities research analysts have commented on the stock. Raymond James decreased their price objective on shares of Delta Air Lines from $40.00 to $36.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Barclays lowered shares of Delta Air Lines from an “overweight” rating to an “equal weight” rating in a research note on Monday, May 4th. Zacks Investment Research upgraded shares of Delta Air Lines from a “sell” rating to a “hold” rating and set a $31.00 price target for the company in a research note on Wednesday. Deutsche Bank decreased their price target on shares of Delta Air Lines from $51.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Finally, TheStreet lowered shares of Delta Air Lines from a “b-” rating to a “c” rating in a research note on Tuesday, March 17th. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Delta Air Lines has a consensus rating of “Hold” and a consensus target price of $52.53.

In related news, Director David S. Taylor acquired 3,000 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was bought at an average cost of $21.95 per share, with a total value of $65,850.00. Following the acquisition, the director now owns 8,460 shares of the company’s stock, valued at approximately $185,697. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Berkshire Hathaway Inc sold 7,747,766 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $24.73, for a total transaction of $191,602,253.18. The disclosure for this sale can be found here. 0.63% of the stock is owned by company insiders.

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

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