Avantax Planning Partners Inc. Has $275,000 Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Avantax Planning Partners Inc. decreased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 55.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,353 shares of the transportation company’s stock after selling 7,920 shares during the quarter. Avantax Planning Partners Inc.’s holdings in Delta Air Lines were worth $275,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Capital Asset Advisory Services LLC increased its position in shares of Delta Air Lines by 2.8% during the 1st quarter. Capital Asset Advisory Services LLC now owns 8,659 shares of the transportation company’s stock worth $418,000 after purchasing an additional 232 shares during the last quarter. Pacific Global Investment Management CO increased its position in shares of Delta Air Lines by 2.1% during the 1st quarter. Pacific Global Investment Management CO now owns 13,363 shares of the transportation company’s stock worth $645,000 after purchasing an additional 281 shares during the last quarter. Kovack Advisors Inc. increased its position in shares of Delta Air Lines by 4.2% during the 2nd quarter. Kovack Advisors Inc. now owns 7,330 shares of the transportation company’s stock worth $317,000 after purchasing an additional 295 shares during the last quarter. JNBA Financial Advisors boosted its stake in shares of Delta Air Lines by 8.2% during the 2nd quarter. JNBA Financial Advisors now owns 3,951 shares of the transportation company’s stock worth $171,000 after acquiring an additional 300 shares during the period. Finally, Evoke Wealth LLC boosted its stake in shares of Delta Air Lines by 13.6% during the 2nd quarter. Evoke Wealth LLC now owns 2,502 shares of the transportation company’s stock worth $108,000 after acquiring an additional 300 shares during the period. 63.65% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director David S. Taylor purchased 3,000 shares of Delta Air Lines stock in a transaction on Monday, July 19th. The shares were purchased at an average price of $38.25 per share, for a total transaction of $114,750.00. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David S. Taylor purchased 5,000 shares of Delta Air Lines stock in a transaction on Tuesday, August 3rd. The stock was bought at an average price of $39.30 per share, for a total transaction of $196,500.00. The disclosure for this purchase can be found here. 0.63% of the stock is currently owned by insiders.

NYSE:DAL opened at $39.44 on Wednesday. The stock has a fifty day moving average price of $40.39 and a 200-day moving average price of $44.47. The company has a market cap of $25.24 billion, a price-to-earnings ratio of -3.76 and a beta of 1.41. The company has a debt-to-equity ratio of 20.83, a quick ratio of 0.82 and a current ratio of 0.83. Delta Air Lines, Inc. has a fifty-two week low of $27.92 and a fifty-two week high of $52.28.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Tuesday, July 13th. The transportation company reported ($1.07) EPS for the quarter, topping analysts’ consensus estimates of ($1.38) by $0.31. Delta Air Lines had a negative return on equity of 398.80% and a negative net margin of 36.37%. The company had revenue of $7.13 billion during the quarter, compared to analysts’ expectations of $6.25 billion. During the same quarter in the previous year, the firm earned ($4.43) EPS. Delta Air Lines’s revenue was up 385.6% on a year-over-year basis. Research analysts predict that Delta Air Lines, Inc. will post -3.39 EPS for the current fiscal year.

Several research analysts have recently commented on the company. Wolfe Research upgraded Delta Air Lines from an “underperform” rating to an “outperform” rating and reduced their target price for the stock from $78.00 to $55.00 in a research note on Friday, June 18th. Raymond James upgraded Delta Air Lines from a “market perform” rating to a “strong-buy” rating and set a $58.00 target price for the company in a research note on Thursday, July 15th. MKM Partners assumed coverage on Delta Air Lines in a research note on Thursday, June 10th. They set a “buy” rating and a $59.00 target price for the company. Susquehanna reduced their target price on Delta Air Lines from $53.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday, July 15th. Finally, Redburn Partners started coverage on Delta Air Lines in a research note on Wednesday, August 11th. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $51.45.

Delta Air Lines Profile

Delta Air Lines, Inc engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment consists of jet fuel and non-jet fuel products.

Featured Article: volatile stocks

Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DAL).

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.