Krilogy Financial LLC Takes Position in Delta Air Lines, Inc. $DAL

Krilogy Financial LLC bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the second quarter, Holdings Channel.com reports. The fund bought 12,871 shares of the transportation company’s stock, valued at approximately $633,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Czech National Bank increased its position in Delta Air Lines by 8.3% during the second quarter. Czech National Bank now owns 159,604 shares of the transportation company’s stock worth $7,849,000 after acquiring an additional 12,230 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its position in Delta Air Lines by 308.0% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 234,220 shares of the transportation company’s stock worth $11,519,000 after acquiring an additional 176,820 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in Delta Air Lines by 33.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 3,224 shares of the transportation company’s stock worth $159,000 after acquiring an additional 804 shares during the period. Everpar Advisors LLC bought a new position in Delta Air Lines during the second quarter worth $236,000. Finally, Gradient Investments LLC bought a new position in Delta Air Lines during the second quarter worth $207,000. Institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling

In related news, CEO Edward H. Bastian sold 35,000 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $56.28, for a total value of $1,969,800.00. Following the sale, the chief executive officer owned 632,823 shares in the company, valued at approximately $35,615,278.44. This represents a 5.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alain Bellemare sold 45,423 shares of the stock in a transaction on Friday, July 11th. The shares were sold at an average price of $55.56, for a total value of $2,523,701.88. Following the completion of the sale, the executive vice president owned 131,731 shares in the company, valued at approximately $7,318,974.36. This trade represents a 25.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 136,473 shares of company stock worth $7,663,496 in the last quarter. 0.96% of the stock is owned by company insiders.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $57.88 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.38 and a quick ratio of 0.33. The stock has a market cap of $37.79 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 1.81 and a beta of 1.51. The stock has a 50-day moving average of $57.66 and a 200-day moving average of $50.51. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, July 10th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.09. Delta Air Lines had a return on equity of 24.86% and a net margin of 7.24%.The business had revenue of $15.51 billion during the quarter, compared to analysts’ expectations of $16.16 billion. During the same period in the prior year, the business earned $2.36 EPS. Delta Air Lines’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, sell-side analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DAL. Raymond James Financial boosted their target price on shares of Delta Air Lines from $60.00 to $68.00 in a research report on Friday, July 11th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Delta Air Lines in a research note on Friday, July 11th. TD Cowen lifted their price target on shares of Delta Air Lines from $55.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Bernstein Bank lifted their price target on shares of Delta Air Lines from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, July 11th. Finally, Citigroup lifted their price target on shares of Delta Air Lines from $62.00 to $65.50 and gave the stock a “buy” rating in a research note on Friday, July 11th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $66.93.

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 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, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.