Baird Financial Group Inc. Has $1.16 Million Stake in Delta Air Lines, Inc. (NYSE:DAL)

Baird Financial Group Inc. cut its position in shares of Delta Air Lines, Inc. (NYSE:DALGet Rating) by 55.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,684 shares of the transportation company’s stock after selling 37,664 shares during the quarter. Baird Financial Group Inc.’s holdings in Delta Air Lines were worth $1,160,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DAL. Cookson Peirce & Co. Inc. grew its stake in shares of Delta Air Lines by 0.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 65,404 shares of the transportation company’s stock worth $2,556,000 after acquiring an additional 253 shares during the period. Kovitz Investment Group Partners LLC boosted its position in Delta Air Lines by 0.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 54,775 shares of the transportation company’s stock worth $2,203,000 after purchasing an additional 254 shares during the period. Creative Financial Designs Inc. ADV increased its stake in shares of Delta Air Lines by 2.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 10,167 shares of the transportation company’s stock worth $397,000 after purchasing an additional 269 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Delta Air Lines by 3.9% in the third quarter. O Shaughnessy Asset Management LLC now owns 7,165 shares of the transportation company’s stock valued at $305,000 after purchasing an additional 270 shares during the period. Finally, Landscape Capital Management L.L.C. lifted its stake in shares of Delta Air Lines by 3.2% during the 4th quarter. Landscape Capital Management L.L.C. now owns 9,265 shares of the transportation company’s stock valued at $362,000 after buying an additional 290 shares in the last quarter. 63.24% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:DAL opened at $38.33 on Friday. The firm has a market capitalization of $24.57 billion, a PE ratio of 48.52 and a beta of 1.05. The company has a debt-to-equity ratio of 8.17, a quick ratio of 0.60 and a current ratio of 0.65. Delta Air Lines, Inc. has a 52-week low of $29.75 and a 52-week high of $48.54. The firm has a fifty day moving average of $39.07 and a 200 day moving average of $39.49.

Delta Air Lines (NYSE:DALGet Rating) last posted its quarterly earnings data on Wednesday, April 13th. The transportation company reported ($1.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.28) by $0.05. The firm had revenue of $9.35 billion during the quarter, compared to analysts’ expectations of $8.99 billion. Delta Air Lines had a negative return on equity of 41.80% and a net margin of 1.47%. The company’s revenue for the quarter was up 125.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($3.55) EPS. On average, sell-side analysts forecast that Delta Air Lines, Inc. will post 2.49 EPS for the current fiscal year.

In related news, Director Greg Creed purchased 11,000 shares of Delta Air Lines stock in a transaction that occurred on Friday, April 22nd. The shares were acquired at an average cost of $44.03 per share, for a total transaction of $484,330.00. Following the transaction, the director now directly owns 11,000 shares in the company, valued at $484,330. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joanne D. Smith sold 6,098 shares of Delta Air Lines stock in a transaction that occurred on Thursday, April 14th. The stock was sold at an average price of $41.99, for a total value of $256,055.02. Following the completion of the transaction, the executive vice president now directly owns 129,881 shares in the company, valued at $5,453,703.19. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,122 shares of company stock valued at $1,089,874. 0.63% of the stock is owned by insiders.

A number of brokerages have issued reports on DAL. Susquehanna boosted their target price on shares of Delta Air Lines from $45.00 to $47.00 in a report on Thursday, April 14th. StockNews.com initiated coverage on Delta Air Lines in a research report on Thursday, March 31st. They issued a “hold” rating for the company. The Goldman Sachs Group increased their price objective on Delta Air Lines from $39.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, April 14th. Susquehanna Bancshares lifted their target price on Delta Air Lines from $45.00 to $47.00 in a report on Thursday, April 14th. Finally, Barclays upgraded Delta Air Lines from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $42.00 to $60.00 in a research report on Thursday, April 14th. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Delta Air Lines currently has a consensus rating of “Buy” and an average target price of $52.41.

Delta Air Lines Company Profile (Get Rating)

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, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.

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

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