Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC cut its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 52.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,409 shares of the transportation company’s stock after selling 4,820 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Delta Air Lines were worth $254,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Cornerstone Advisors Inc. lifted its position in Delta Air Lines by 36.0% in the 2nd 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. lifted its position in Delta Air Lines by 105.6% in the 2nd 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 lifted its position in Delta Air Lines by 3,385.0% in the 2nd 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. Covington Capital Management lifted its position in Delta Air Lines by 35.4% in the 2nd quarter. Covington Capital Management now owns 746 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 195 shares during the last quarter. Finally, North Star Investment Management Corp. bought a new stake in Delta Air Lines in the 3rd quarter valued at about $44,000. 86.07% of the stock is owned by institutional investors and hedge funds.

DAL has been the topic of a number of recent analyst reports. Wolfe Research set a $69.00 price target on shares of Delta Air Lines and gave the stock a “buy” rating in a research report on Friday, July 12th. Deutsche Bank boosted their price target on shares of Delta Air Lines from $56.00 to $61.00 and gave the stock a “hold” rating in a research report on Friday, July 12th. Berenberg Bank initiated coverage on shares of Delta Air Lines in a research report on Friday, September 6th. They set a “buy” rating and a $72.00 price target on the stock. Zacks Investment Research upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Friday, September 6th. Finally, Morgan Stanley dropped their price target on shares of Delta Air Lines from $63.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $66.63.

Shares of DAL traded up $0.29 during mid-day trading on Friday, hitting $53.39. The company’s stock had a trading volume of 3,532,735 shares, compared to its average volume of 6,796,900. The firm has a 50-day moving average price of $57.24 and a 200 day moving average price of $57.14. The stock has a market capitalization of $34.59 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 0.56 and a beta of 1.16. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.34 and a quick ratio of 0.29. Delta Air Lines, Inc. has a fifty-two week low of $45.08 and a fifty-two week high of $63.44.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, October 10th. The transportation company reported $2.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.26 by $0.06. The company had revenue of $12.56 billion for the quarter, compared to analysts’ expectations of $12.61 billion. Delta Air Lines had a net margin of 9.85% and a return on equity of 31.68%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.80 EPS. As a group, equities analysts anticipate that Delta Air Lines, Inc. will post 7.07 EPS for the current fiscal year.

In other news, President Glen W. Hauenstein sold 50,000 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $63.03, for a total value of $3,151,500.00. Following the transaction, the president now directly owns 267,526 shares of the company’s stock, valued at $16,862,163.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO W Gilbert West sold 10,342 shares of Delta Air Lines stock in a transaction that occurred on Friday, July 19th. The stock was 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 directly owns 82,992 shares in the company, valued at $5,198,618.88. The disclosure for this sale can be found here. Insiders sold a total of 83,285 shares of company stock worth $5,219,381 in the last ninety days. Corporate insiders own 0.47% of the company’s stock.

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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