Sterling Capital Management LLC Buys New Holdings in Delta Air Lines, Inc. (DAL)

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Sterling Capital Management LLC bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 43,415 shares of the transportation company’s stock, valued at approximately $2,151,000.

Other large investors have also recently made changes to their positions in the company. Wagner Wealth Management LLC grew its position in Delta Air Lines by 375.0% in the first quarter. Wagner Wealth Management LLC now owns 1,900 shares of the transportation company’s stock worth $104,000 after buying an additional 1,500 shares during the last quarter. Fortis Advisors LLC grew its position in Delta Air Lines by 99.1% in the first quarter. Fortis Advisors LLC now owns 2,389 shares of the transportation company’s stock worth $131,000 after buying an additional 1,189 shares during the last quarter. Huntington National Bank grew its position in Delta Air Lines by 73.8% in the second quarter. Huntington National Bank now owns 2,701 shares of the transportation company’s stock worth $134,000 after buying an additional 1,147 shares during the last quarter. Nvwm LLC grew its position in Delta Air Lines by 558.5% in the first quarter. Nvwm LLC now owns 2,700 shares of the transportation company’s stock worth $140,000 after buying an additional 2,290 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in Delta Air Lines in the second quarter worth approximately $142,000. 87.30% of the stock is currently owned by hedge funds and other institutional investors.

NYSE DAL opened at $57.93 on Friday. Delta Air Lines, Inc. has a twelve month low of $47.12 and a twelve month 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 company has a market cap of $39.68 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 0.51 and a beta of 1.06.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, July 12th. The transportation company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.05. Delta Air Lines had a net margin of 7.72% and a return on equity of 26.75%. The firm had revenue of $11.78 billion for the quarter, compared to analysts’ expectations of $11.73 billion. During the same period in the previous year, the company posted $1.64 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. equities analysts expect that Delta Air Lines, Inc. will post 5.59 earnings per share for the current year.

In other Delta Air Lines news, VP Craig M. Meynard sold 1,793 shares of Delta Air Lines stock in a transaction that occurred on Friday, July 27th. The shares were sold at an average price of $54.31, for a total transaction of $97,377.83. Following the transaction, the vice president now directly owns 7,170 shares in the company, valued at approximately $389,402.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Edward H. Bastian sold 35,000 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $55.00, for a total transaction of $1,925,000.00. Following the transaction, the chief executive officer now owns 266,943 shares in the company, valued at $14,681,865. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 117,787 shares of company stock worth $6,276,276. Corporate insiders own 0.33% of the company’s stock.

DAL has been the topic of several recent research reports. ValuEngine lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Imperial Capital decreased their price target on shares of Delta Air Lines from $70.00 to $68.00 and set an “outperform” rating on the stock in a research report on Saturday, June 9th. Citigroup decreased their price target on shares of Delta Air Lines from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, June 7th. Deutsche Bank decreased their price target on shares of Delta Air Lines from $73.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, June 7th. Finally, Stephens set a $65.00 price target on shares of Delta Air Lines and gave the stock a “buy” rating in a research report on Friday, July 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Delta Air Lines presently has a consensus rating of “Buy” and a consensus target price of $66.61.

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, 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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