Skandinaviska Enskilda Banken AB publ Purchases 10,326 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Posted by Defense World Staff on Feb 24th, 2023

Skandinaviska Enskilda Banken AB publ raised its position in Delta Air Lines, Inc. (NYSE:DAL – Get Rating) by 44.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,601 shares of the transportation company’s stock after purchasing an additional 10,326 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Delta Air Lines were worth $943,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Orion Portfolio Solutions LLC grew its stake in Delta Air Lines by 21.7% in the third quarter. Orion Portfolio Solutions LLC now owns 9,585 shares of the transportation company’s stock valued at $269,000 after acquiring an additional 1,708 shares during the period. TD Asset Management Inc. lifted its holdings in Delta Air Lines by 2.0% during the third quarter. TD Asset Management Inc. now owns 176,300 shares of the transportation company’s stock worth $5,014,000 after acquiring an additional 3,508 shares during the period. Edmond DE Rothschild Holding S.A. increased its position in Delta Air Lines by 8.3% in the third quarter. Edmond DE Rothschild Holding S.A. now owns 521,713 shares of the transportation company’s stock worth $14,639,000 after buying an additional 40,000 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in Delta Air Lines by 3.7% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 103,449 shares of the transportation company’s stock worth $2,903,000 after buying an additional 3,669 shares during the last quarter. Finally, Walleye Capital LLC purchased a new stake in Delta Air Lines in the second quarter worth $557,000. Institutional investors and hedge funds own 66.47% of the company’s stock.

Delta Air Lines Trading Up 1.4 %

Shares of Delta Air Lines stock opened at $37.53 on Friday. The firm has a 50-day simple moving average of $36.96 and a two-hundred day simple moving average of $34.21. The company has a market cap of $24.07 billion, a P/E ratio of 18.40 and a beta of 1.26. Delta Air Lines, Inc. has a fifty-two week low of $27.20 and a fifty-two week high of $46.27. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.45 and a current ratio of 0.50.

Delta Air Lines (NYSE:DAL – Get Rating) last released its quarterly earnings results on Friday, January 13th. The transportation company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.17. Delta Air Lines had a net margin of 2.61% and a return on equity of 45.69%. The firm had revenue of $13.44 billion during the quarter, compared to the consensus estimate of $13.03 billion. As a group, equities analysts predict that Delta Air Lines, Inc. will post 5.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Delta Air Lines news, SVP William C. Carroll sold 15,529 shares of the stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $38.20, for a total transaction of $593,207.80. Following the sale, the senior vice president now directly owns 16,780 shares in the company, valued at approximately $640,996. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP Rahul D. Samant sold 13,124 shares of the stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $38.77, for a total value of $508,817.48. Following the transaction, the executive vice president now directly owns 57,383 shares of the company’s stock, valued at approximately $2,224,738.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP William C. Carroll sold 15,529 shares of the firm’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $38.20, for a total transaction of $593,207.80. Following the transaction, the senior vice president now directly owns 16,780 shares in the company, valued at $640,996. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,134 shares of company stock valued at $1,321,320. Company insiders own 0.84% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Bank of America lifted their price target on Delta Air Lines from $40.00 to $43.00 in a research report on Tuesday, January 10th. Raymond James boosted their target price on Delta Air Lines from $52.00 to $53.00 and gave the company a “strong-buy” rating in a research note on Tuesday, January 17th. The Goldman Sachs Group started coverage on Delta Air Lines in a research note on Friday, December 16th. They issued a “buy” rating and a $40.00 target price for the company. StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 9th. Finally, Argus upgraded Delta Air Lines from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Thursday, January 5th. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $49.75.

Delta Air Lines Profile

(Get Rating)

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 provides jet fuel to the airline segment.