Delta Air Lines, Inc. (NYSE:DAL) Shares Purchased by WealthTrust Asset Management LLC

WealthTrust Asset Management LLC grew its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4.4% during the second quarter, Holdings Channel reports. The firm owned 19,616 shares of the transportation company’s stock after purchasing an additional 826 shares during the period. WealthTrust Asset Management LLC’s holdings in Delta Air Lines were worth $931,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in Delta Air Lines in the fourth quarter valued at $65,056,000. Coldstream Capital Management Inc. boosted its position in shares of Delta Air Lines by 2.5% in the 4th quarter. Coldstream Capital Management Inc. now owns 12,240 shares of the transportation company’s stock valued at $492,000 after purchasing an additional 304 shares during the period. Wells Fargo & Company MN boosted its position in shares of Delta Air Lines by 7.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,127,607 shares of the transportation company’s stock valued at $45,364,000 after purchasing an additional 73,936 shares during the period. D.A. Davidson & CO. grew its stake in Delta Air Lines by 6.5% during the 4th quarter. D.A. Davidson & CO. now owns 24,702 shares of the transportation company’s stock worth $994,000 after buying an additional 1,509 shares during the last quarter. Finally, Assetmark Inc. increased its position in Delta Air Lines by 94.3% during the fourth quarter. Assetmark Inc. now owns 1,397 shares of the transportation company’s stock worth $56,000 after buying an additional 678 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Up 0.4 %

Shares of DAL stock opened at $47.12 on Friday. Delta Air Lines, Inc. has a 1-year low of $30.60 and a 1-year high of $53.86. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.40 and a quick ratio of 0.35. The business’s fifty day moving average price is $42.29 and its 200 day moving average price is $46.22. The firm has a market capitalization of $30.40 billion, a PE ratio of 6.78, a P/E/G ratio of 0.89 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, July 11th. The transportation company reported $2.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.01). The company had revenue of $15.41 billion during the quarter, compared to analysts’ expectations of $15.45 billion. Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.68 EPS. As a group, sell-side analysts forecast that Delta Air Lines, Inc. will post 5.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DAL shares. TD Cowen cut their target price on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Citigroup lifted their price objective on shares of Delta Air Lines from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Sanford C. Bernstein decreased their target price on shares of Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating for the company in a research note on Friday, July 12th. Finally, Jefferies Financial Group lowered their price target on Delta Air Lines from $58.00 to $56.00 and set a “buy” rating on the stock in a report on Friday, June 28th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $61.52.

Insider Activity

In other news, Director Willie Cw Chiang purchased 10,000 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were acquired at an average price of $43.90 per share, for a total transaction of $439,000.00. Following the acquisition, the director now directly owns 20,000 shares in the company, valued at approximately $878,000. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.96% of the company’s stock.

Delta Air Lines 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 domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.