Stonnington Group LLC Has $711,000 Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Stonnington Group LLC lessened its stake in shares of Delta Air Lines, Inc. (NYSE:DALGet Rating) by 31.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 18,615 shares of the transportation company’s stock after selling 8,615 shares during the quarter. Stonnington Group LLC’s holdings in Delta Air Lines were worth $711,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new position in Delta Air Lines in the 4th quarter valued at about $7,325,000. Everence Capital Management Inc. boosted its position in Delta Air Lines by 83.7% during the 4th quarter. Everence Capital Management Inc. now owns 20,960 shares of the transportation company’s stock worth $819,000 after buying an additional 9,550 shares during the period. Stifel Financial Corp lifted its position in shares of Delta Air Lines by 107.0% in the 4th quarter. Stifel Financial Corp now owns 714,181 shares of the transportation company’s stock worth $27,911,000 after purchasing an additional 369,137 shares during the period. ProShare Advisors LLC lifted its position in shares of Delta Air Lines by 47.1% in the 4th quarter. ProShare Advisors LLC now owns 140,741 shares of the transportation company’s stock worth $5,501,000 after purchasing an additional 45,071 shares during the period. Finally, Hartford Investment Management Co. lifted its position in shares of Delta Air Lines by 8.4% in the 4th quarter. Hartford Investment Management Co. now owns 64,970 shares of the transportation company’s stock worth $2,539,000 after purchasing an additional 5,023 shares during the period. 63.24% of the stock is currently owned by institutional investors and hedge funds.

NYSE DAL opened at $30.00 on Thursday. The company has a market cap of $19.23 billion, a PE ratio of 37.97 and a beta of 1.05. Delta Air Lines, Inc. has a 52 week low of $28.76 and a 52 week high of $46.27. The company has a quick ratio of 0.60, a current ratio of 0.65 and a debt-to-equity ratio of 8.17. The firm’s 50-day simple moving average is $39.03 and its two-hundred day simple moving average is $38.86.

Delta Air Lines (NYSE:DALGet Rating) last released its quarterly earnings data on Wednesday, April 13th. The transportation company reported ($1.23) EPS for the quarter, beating the consensus estimate of ($1.28) by $0.05. Delta Air Lines had a net margin of 1.47% and a negative return on equity of 41.80%. The business had revenue of $9.35 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same period in the prior year, the firm earned ($3.55) earnings per share. The company’s revenue was up 125.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Delta Air Lines, Inc. will post 2.98 EPS for the current year.

Several research firms have recently weighed in on DAL. Susquehanna Bancshares lifted their price objective on shares of Delta Air Lines from $45.00 to $47.00 in a research note on Thursday, April 14th. UBS Group upgraded shares of Delta Air Lines from a “neutral” rating to a “buy” rating and upped their target price for the stock from $44.00 to $53.00 in a research note on Monday, April 18th. The Goldman Sachs Group upped their target price on shares of Delta Air Lines from $44.00 to $45.00 in a research note on Wednesday, June 1st. Morgan Stanley upped their target price on shares of Delta Air Lines from $60.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, April 14th. Finally, Bank of America boosted their price target on shares of Delta Air Lines from $47.00 to $50.00 in a report on Thursday, April 14th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.47.

In other news, CEO Edward H. Bastian sold 27,664 shares of the company’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $39.55, for a total transaction of $1,094,111.20. Following the sale, the chief executive officer now directly owns 446,712 shares in the company, valued at $17,667,459.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Joanne D. Smith sold 6,098 shares of the company’s stock in a transaction dated Thursday, April 14th. The shares were sold at an average price of $41.99, for a total value of $256,055.02. Following the sale, the executive vice president now owns 129,881 shares in the company, valued at $5,453,703.19. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,270 shares of company stock worth $3,035,835. Company insiders own 0.63% of the company’s stock.

About Delta Air Lines (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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