CIBC Asset Management Inc Buys 7,450 Shares of Delta Air Lines, Inc. (NYSE:DAL)

CIBC Asset Management Inc boosted its holdings in shares of Delta Air Lines, Inc. (NYSE:DALGet Rating) by 9.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,280 shares of the transportation company’s stock after purchasing an additional 7,450 shares during the period. CIBC Asset Management Inc’s holdings in Delta Air Lines were worth $2,421,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Forum Financial Management LP lifted its stake in Delta Air Lines by 3.5% during the first quarter. Forum Financial Management LP now owns 8,675 shares of the transportation company’s stock worth $343,000 after purchasing an additional 292 shares during the last quarter. Coastal Investment Advisors Inc. lifted its stake in Delta Air Lines by 4.3% during the third quarter. Coastal Investment Advisors Inc. now owns 7,322 shares of the transportation company’s stock worth $205,000 after purchasing an additional 300 shares during the last quarter. CoreCap Advisors LLC lifted its stake in Delta Air Lines by 4.1% during the second quarter. CoreCap Advisors LLC now owns 8,023 shares of the transportation company’s stock worth $232,000 after purchasing an additional 314 shares during the last quarter. Raymond James Trust N.A. lifted its stake in shares of Delta Air Lines by 3.4% in the 2nd quarter. Raymond James Trust N.A. now owns 10,257 shares of the transportation company’s stock valued at $297,000 after acquiring an additional 339 shares during the last quarter. Finally, Main Street Financial Solutions LLC lifted its stake in shares of Delta Air Lines by 4.1% in the 2nd quarter. Main Street Financial Solutions LLC now owns 8,585 shares of the transportation company’s stock valued at $249,000 after acquiring an additional 340 shares during the last quarter. 66.47% of the stock is currently owned by institutional investors.

Insider Activity at Delta Air Lines

In related news, EVP Joanne D. Smith sold 2,000 shares of the firm’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $34.19, for a total value of $68,380.00. Following the transaction, the executive vice president now owns 111,153 shares of the company’s stock, valued at approximately $3,800,321.07. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Joanne D. Smith sold 2,000 shares of the firm’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $34.19, for a total value of $68,380.00. Following the transaction, the executive vice president now owns 111,153 shares of the company’s stock, valued at approximately $3,800,321.07. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Francis S. Blake purchased 12,880 shares of the company’s stock in a transaction that occurred on Wednesday, January 18th. The stock was acquired at an average cost of $38.58 per share, for a total transaction of $496,910.40. Following the transaction, the director now owns 93,795 shares in the company, valued at approximately $3,618,611.10. The disclosure for this purchase can be found here. 0.84% of the stock is owned by insiders.

Delta Air Lines Stock Performance

Shares of DAL opened at $38.80 on Wednesday. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.50 and a quick ratio of 0.45. The stock has a 50-day moving average of $35.07 and a 200-day moving average of $33.12. The company has a market cap of $24.88 billion, a PE ratio of 19.02 and a beta of 1.20. Delta Air Lines, Inc. has a one year low of $27.20 and a one year high of $46.27.

Delta Air Lines (NYSE:DALGet Rating) last issued its earnings results on Friday, January 13th. The transportation company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.31 by $0.17. Delta Air Lines had a return on equity of 46.01% and a net margin of 2.61%. The company had revenue of $13.44 billion during the quarter, compared to the consensus estimate of $13.03 billion. On average, equities research analysts predict that Delta Air Lines, Inc. will post 5.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DAL has been the subject of a number of research reports. Jefferies Financial Group increased their price target on Delta Air Lines from $40.00 to $45.00 in a research note on Wednesday, January 11th. StockNews.com upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Monday, January 16th. Bank of America increased their price target on Delta Air Lines from $40.00 to $43.00 in a research note on Tuesday, January 10th. The Goldman Sachs Group initiated coverage on Delta Air Lines in a research note on Friday, December 16th. They issued a “buy” rating and a $40.00 price target for the company. Finally, Cowen upgraded Delta Air Lines from a “market perform” rating to an “outperform” rating and set a $54.00 price objective for the company in a report on Friday, October 14th. Seventeen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $49.44.

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.

Read More

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

Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.