Successful Portfolios LLC Has $227,000 Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Successful Portfolios LLC boosted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 5.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,942 shares of the transportation company’s stock after buying an additional 196 shares during the period. Successful Portfolios LLC’s holdings in Delta Air Lines were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Cornerstone Advisors Inc. raised its position in Delta Air Lines by 36.0% during the second quarter. Cornerstone Advisors Inc. now owns 620 shares of the transportation company’s stock valued at $35,000 after buying an additional 164 shares during the period. Carroll Financial Associates Inc. raised its position in Delta Air Lines by 105.6% during the second quarter. Carroll Financial Associates Inc. now owns 623 shares of the transportation company’s stock valued at $35,000 after buying an additional 320 shares during the period. Avestar Capital LLC raised its position in Delta Air Lines by 3,385.0% during the second quarter. Avestar Capital LLC now owns 697 shares of the transportation company’s stock valued at $37,000 after buying an additional 677 shares during the period. Covington Capital Management raised its position in Delta Air Lines by 35.4% during the second quarter. Covington Capital Management now owns 746 shares of the transportation company’s stock valued at $42,000 after buying an additional 195 shares during the period. Finally, North Star Investment Management Corp. acquired a new position in Delta Air Lines in the 3rd quarter worth about $44,000. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:DAL traded down $0.15 during mid-day trading on Friday, hitting $52.95. 10,934,967 shares of the company’s stock traded hands, compared to its average volume of 6,796,900. The firm has a 50 day moving average of $57.24 and a two-hundred day moving average of $57.14. Delta Air Lines, Inc. has a 12 month low of $45.08 and a 12 month high of $63.44. The firm has a market capitalization of $34.59 billion, a price-to-earnings ratio of 9.37, a price-to-earnings-growth ratio of 0.56 and a beta of 1.16. The company has a current ratio of 0.34, a quick ratio of 0.29 and a debt-to-equity ratio of 0.95.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, October 10th. The transportation company reported $2.32 earnings per share for the quarter, beating 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 firm had revenue of $12.56 billion during the quarter, compared to the consensus estimate of $12.61 billion. During the same quarter in the prior year, the company earned $1.80 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, equities research analysts expect that Delta Air Lines, Inc. will post 7.07 earnings per share for the current year.

In other Delta Air Lines news, COO W Gilbert West sold 10,342 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $62.64, for a total value of $647,822.88. Following the completion of the sale, the chief operating officer now owns 82,992 shares in the company, valued at approximately $5,198,618.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP William C. Carroll sold 6,384 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $61.96, for a total value of $395,552.64. Following the completion of the sale, the senior vice president now owns 23,010 shares of the company’s stock, valued at approximately $1,425,699.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,285 shares of company stock valued at $5,219,381. 0.47% of the stock is owned by corporate insiders.

Several research analysts have weighed in on the company. ValuEngine lowered Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Friday, October 4th. Wolfe Research set a $69.00 target price on Delta Air Lines and gave the stock a “buy” rating in a research report on Friday, July 12th. Deutsche Bank upped their target price on Delta Air Lines from $56.00 to $61.00 and gave the stock a “hold” rating in a research report on Friday, July 12th. Cowen dropped their target price on Delta Air Lines from $69.00 to $68.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research report on Friday, September 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. Delta Air Lines presently has a consensus rating of “Hold” and a consensus target price of $66.63.

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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