Auxier Asset Management Holds Stake in Delta Air Lines, Inc. (DAL)
Auxier Asset Management maintained its position in Delta Air Lines, Inc. (NYSE:DAL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,070 shares of the transportation company’s stock at the close of the 2nd quarter. Auxier Asset Management’s holdings in Delta Air Lines were worth $649,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of DAL. Victory Capital Management Inc. raised its holdings in shares of Delta Air Lines by 1.5% in the 1st quarter. Victory Capital Management Inc. now owns 36,181 shares of the transportation company’s stock worth $1,662,000 after purchasing an additional 547 shares during the period. Cibc World Markets Corp raised its holdings in shares of Delta Air Lines by 1,039.9% in the 1st quarter. Cibc World Markets Corp now owns 576,332 shares of the transportation company’s stock worth $26,488,000 after purchasing an additional 525,772 shares during the period. Midwest Investment Management LLC bought a new stake in shares of Delta Air Lines in the 1st quarter worth approximately $2,421,000. Vident Investment Advisory LLC bought a new stake in shares of Delta Air Lines in the 1st quarter worth approximately $2,329,000. Finally, Dynamic Technology Lab Private Ltd raised its holdings in shares of Delta Air Lines by 50.7% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 16,273 shares of the transportation company’s stock worth $747,000 after purchasing an additional 5,473 shares during the period. 86.26% of the stock is currently owned by institutional investors.
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Delta Air Lines, Inc. (NYSE:DAL) traded up 1.60% on Friday, hitting $53.96. 7,242,766 shares of the stock were exchanged. The company has a 50-day moving average of $49.03 and a 200 day moving average of $49.53. Delta Air Lines, Inc. has a 12 month low of $39.05 and a 12 month high of $55.75. The firm has a market cap of $39.28 billion, a P/E ratio of 10.70 and a beta of 1.24.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Wednesday, October 11th. The transportation company reported $1.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.04. The firm had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $11.03 billion. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm earned $1.70 EPS. Equities research analysts expect that Delta Air Lines, Inc. will post $5.12 earnings per share for the current fiscal year.
DAL has been the topic of a number of research reports. Atlantic Securities initiated coverage on shares of Delta Air Lines in a report on Tuesday, June 20th. They issued an “overweight” rating and a $68.00 price target on the stock. ValuEngine raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 20th. BidaskClub raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Bank of America Corporation lifted their price target on shares of Delta Air Lines from $64.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, June 30th. Finally, Zacks Investment Research upgraded shares of Delta Air Lines from a “hold” rating to a “strong-buy” rating and set a $62.00 price objective for the company in a research note on Tuesday, July 4th. Two research analysts have rated the stock with a sell rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. Delta Air Lines currently has a consensus rating of “Buy” and a consensus target price of $62.91.
In other news, EVP Joanne D. Smith sold 3,700 shares of the firm’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $54.00, for a total transaction of $199,800.00. Following the sale, the executive vice president now directly owns 77,223 shares in the company, valued at approximately $4,170,042. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George N. Mattson acquired 6,000 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were purchased at an average price of $45.44 per share, for a total transaction of $272,640.00. Following the completion of the transaction, the director now directly owns 61,510 shares in the company, valued at $2,795,014.40. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 75,000 shares of company stock worth $278,160 and have sold 169,838 shares worth $9,014,737. 0.37% of the stock is owned by company insiders.
Delta Air Lines Company Profile
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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