Ontario Teachers Pension Plan Board reduced its stake in Delta Air Lines, Inc. (NYSE:DAL) by 33.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,812 shares of the transportation company’s stock after selling 11,949 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Delta Air Lines were worth $679,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Peddock Capital Advisors LLC bought a new stake in Delta Air Lines in the fourth quarter valued at $27,000. Security National Trust Co. bought a new stake in shares of Delta Air Lines during the fourth quarter worth about $32,000. ERTS Wealth Advisors LLC bought a new stake in shares of Delta Air Lines during the fourth quarter worth about $30,000. Lloyd Advisory Services LLC. bought a new stake in shares of Delta Air Lines during the fourth quarter worth about $38,000. Finally, Enterprise Financial Services Corp increased its position in shares of Delta Air Lines by 1,074.1% during the fourth quarter. Enterprise Financial Services Corp now owns 681 shares of the transportation company’s stock worth $40,000 after acquiring an additional 623 shares in the last quarter. 83.96% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently commented on DAL. Cowen decreased their target price on shares of Delta Air Lines from $39.00 to $35.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. Raymond James decreased their target price on shares of Delta Air Lines from $40.00 to $36.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. TheStreet downgraded shares of Delta Air Lines from a “b-” rating to a “c” rating in a research report on Tuesday, March 17th. Deutsche Bank decreased their target price on shares of Delta Air Lines from $51.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Finally, Bank of America boosted their price target on shares of Delta Air Lines from $30.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, March 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. Delta Air Lines presently has an average rating of “Hold” and an average target price of $53.95.
DAL opened at $22.69 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 1.25. The stock has a market cap of $14.77 billion, a price-to-earnings ratio of 4.21 and a beta of 1.27. Delta Air Lines, Inc. has a twelve month low of $17.51 and a twelve month high of $63.44. The company’s 50-day moving average price is $22.81 and its two-hundred day moving average price is $45.49.
Delta Air Lines (NYSE:DAL) last released its earnings results on Wednesday, April 22nd. The transportation company reported ($0.51) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.72) by $0.21. The firm had revenue of $8.59 billion for the quarter, compared to analysts’ expectations of $9.33 billion. Delta Air Lines had a net margin of 7.76% and a return on equity of 25.95%. The company’s quarterly revenue was down 18.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 earnings per share. As a group, sell-side analysts anticipate that Delta Air Lines, Inc. will post -7.28 earnings per share for the current year.
In related news, major shareholder Berkshire Hathaway Inc bought 976,507 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of $46.40 per share, for a total transaction of $45,309,924.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David S. Taylor bought 2,000 shares of the company’s stock in a transaction on Monday, February 24th. The stock was bought at an average price of $53.67 per share, for a total transaction of $107,340.00. Following the completion of the purchase, the director now owns 4,960 shares of the company’s stock, valued at $266,203.20. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 1,008,017 shares of company stock worth $46,108,962. 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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