Artemis Investment Management LLP Boosts Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Artemis Investment Management LLP boosted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 164.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 550,120 shares of the transportation company’s stock after buying an additional 342,120 shares during the period. Artemis Investment Management LLP’s holdings in Delta Air Lines were worth $31,618,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Gofen & Glossberg LLC IL grew its position in shares of Delta Air Lines by 17.1% in the third quarter. Gofen & Glossberg LLC IL now owns 13,725 shares of the transportation company’s stock valued at $791,000 after purchasing an additional 2,000 shares in the last quarter. CX Institutional grew its position in shares of Delta Air Lines by 758.2% in the third quarter. CX Institutional now owns 33,486 shares of the transportation company’s stock valued at $1,929,000 after purchasing an additional 29,584 shares in the last quarter. American National Bank grew its position in shares of Delta Air Lines by 39.1% in the third quarter. American National Bank now owns 96,391 shares of the transportation company’s stock valued at $5,552,000 after purchasing an additional 27,075 shares in the last quarter. Capital Asset Advisory Services LLC grew its position in shares of Delta Air Lines by 11.8% in the third quarter. Capital Asset Advisory Services LLC now owns 7,157 shares of the transportation company’s stock valued at $412,000 after purchasing an additional 754 shares in the last quarter. Finally, Manning & Napier Group LLC purchased a new stake in shares of Delta Air Lines in the third quarter valued at approximately $631,000. Institutional investors own 86.07% of the company’s stock.

Delta Air Lines stock traded down $1.50 during mid-day trading on Thursday, hitting $52.42. The company’s stock had a trading volume of 16,486,461 shares, compared to its average volume of 6,614,583. The firm has a market capitalization of $34.69 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 0.48 and a beta of 1.16. Delta Air Lines, Inc. has a 1 year low of $45.08 and a 1 year high of $63.44. The company has a current ratio of 0.34, a quick ratio of 0.29 and a debt-to-equity ratio of 0.95. The stock’s fifty day moving average is $57.34 and its two-hundred day moving average is $57.13.

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

In other Delta Air Lines news, EVP Rahul D. Samant sold 16,559 shares of the company’s stock in a transaction on 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 directly owns 51,039 shares in the company, valued at $3,157,782.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Glen W. Hauenstein sold 50,000 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $63.03, for a total value of $3,151,500.00. Following the transaction, the president now owns 267,526 shares in the company, valued at $16,862,163.78. The disclosure for this sale can be found here. Insiders have sold 83,285 shares of company stock worth $5,219,381 over the last 90 days. 0.47% of the stock is owned by insiders.

A number of equities research analysts have recently issued reports on DAL shares. Zacks Investment Research upgraded Delta Air Lines from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research report on Friday, September 6th. Raymond James increased their price objective on Delta Air Lines from $68.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Cowen lowered their price objective on Delta Air Lines from $69.00 to $68.00 and set an “outperform” rating for the company in a research report on Wednesday, October 2nd. Wolfe Research set a $69.00 price objective on Delta Air Lines and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, Imperial Capital increased their price objective on Delta Air Lines from $61.00 to $63.00 and gave the stock an “in-line” rating in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $67.13.

Delta Air Lines 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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