Nomura Holdings Inc. Has $15.95 Million Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Nomura Holdings Inc. decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 74.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 276,196 shares of the transportation company’s stock after selling 814,157 shares during the period. Nomura Holdings Inc.’s holdings in Delta Air Lines were worth $15,951,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Glassman Wealth Services raised its holdings in shares of Delta Air Lines by 1,153.5% in the first quarter. Glassman Wealth Services now owns 539 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 496 shares during the last quarter. Cornerstone Advisors Inc. raised its holdings in shares of Delta Air Lines by 36.0% in the second quarter. Cornerstone Advisors Inc. now owns 620 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 164 shares during the last quarter. Carroll Financial Associates Inc. raised its holdings in shares of Delta Air Lines by 105.6% in the second quarter. Carroll Financial Associates Inc. now owns 623 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 320 shares during the last quarter. Avestar Capital LLC raised its holdings in shares of Delta Air Lines by 3,385.0% in the second quarter. Avestar Capital LLC now owns 697 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 677 shares during the last quarter. Finally, TCG Advisors LP purchased a new stake in shares of Delta Air Lines in the first quarter valued at about $48,000. Hedge funds and other institutional investors own 86.07% of the company’s stock.

DAL traded up $0.19 during trading on Friday, hitting $58.88. 2,079,674 shares of the company traded hands, compared to its average volume of 5,183,853. The firm has a market cap of $38.37 billion, a P/E ratio of 10.42, a price-to-earnings-growth ratio of 0.47 and a beta of 1.19. The stock’s fifty day moving average is $58.40 and its 200 day moving average is $56.50. The company has a quick ratio of 0.29, a current ratio of 0.34 and a debt-to-equity ratio of 0.95. Delta Air Lines, Inc. has a one year low of $45.08 and a one year high of $63.44.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, July 11th. The transportation company reported $2.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.07. The company had revenue of $12.54 billion during the quarter, compared to analyst estimates of $12.49 billion. Delta Air Lines had a net margin of 9.85% and a return on equity of 31.68%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.77 earnings per share. On average, equities research analysts forecast that Delta Air Lines, Inc. will post 7.07 EPS for the current fiscal year.

Several analysts have recently commented on the stock. ValuEngine downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Raymond James increased their target price on shares of Delta Air Lines from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Berenberg Bank assumed coverage on shares of Delta Air Lines in a report on Friday, September 6th. They issued a “buy” rating and a $72.00 target price for the company. Morgan Stanley increased their target price on shares of Delta Air Lines from $61.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, July 12th. Finally, Deutsche Bank increased their target price on shares of Delta Air Lines from $56.00 to $61.00 and gave the company a “hold” rating in a report on Friday, July 12th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $68.12.

In other Delta Air Lines news, COO W Gilbert West sold 10,342 shares of the stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $62.64, for a total transaction of $647,822.88. Following the completion of the transaction, the chief operating officer now owns 82,992 shares in the company, valued at $5,198,618.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rahul D. Samant sold 16,559 shares of the stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $61.87, for a total transaction of $1,024,505.33. Following the transaction, the executive vice president now owns 51,039 shares of the company’s stock, valued at approximately $3,157,782.93. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,285 shares of company stock valued at $5,219,381. 0.47% of the stock is owned by company insiders.

About Delta Air Lines

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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