Oppenheimer & Co. Inc. lowered its position in shares of Delta Air Lines, Inc. (NYSE:DAL – Get Rating) by 20.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,598 shares of the transportation company’s stock after selling 5,149 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Delta Air Lines were worth $550,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Delta Air Lines by 1.9% during the first quarter. Vanguard Group Inc. now owns 68,234,306 shares of the transportation company’s stock worth $2,700,032,000 after purchasing an additional 1,267,578 shares during the period. Primecap Management Co. CA raised its stake in Delta Air Lines by 11.5% during the second quarter. Primecap Management Co. CA now owns 21,301,956 shares of the transportation company’s stock worth $617,118,000 after purchasing an additional 2,203,318 shares during the period. Dimensional Fund Advisors LP raised its stake in Delta Air Lines by 8.3% during the third quarter. Dimensional Fund Advisors LP now owns 4,033,844 shares of the transportation company’s stock worth $113,211,000 after purchasing an additional 309,194 shares during the period. Invesco Ltd. raised its stake in Delta Air Lines by 15.8% during the first quarter. Invesco Ltd. now owns 3,211,503 shares of the transportation company’s stock worth $127,079,000 after purchasing an additional 437,281 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Delta Air Lines by 537.6% during the second quarter. Renaissance Technologies LLC now owns 3,177,100 shares of the transportation company’s stock worth $92,041,000 after purchasing an additional 2,678,800 shares during the period. Institutional investors and hedge funds own 66.47% of the company’s stock.
Delta Air Lines Stock Down 0.5 %
Shares of NYSE DAL opened at $37.36 on Friday. Delta Air Lines, Inc. has a 1 year low of $27.20 and a 1 year high of $46.27. The firm has a market cap of $23.96 billion, a price-to-earnings ratio of 18.31 and a beta of 1.26. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.45 and a current ratio of 0.50. The stock’s 50-day simple moving average is $37.04 and its 200-day simple moving average is $34.23.
Insider Buying and Selling
In related news, EVP Rahul D. Samant sold 13,124 shares of Delta Air Lines stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $38.77, for a total value of $508,817.48. Following the completion of the transaction, the executive vice president now directly owns 57,383 shares in the company, valued at $2,224,738.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Rahul D. Samant sold 13,124 shares of Delta Air Lines stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $38.77, for a total value of $508,817.48. Following the completion of the transaction, the executive vice president now directly owns 57,383 shares in the company, valued at $2,224,738.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP William C. Carroll sold 5,481 shares of Delta Air Lines stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $40.01, for a total value of $219,294.81. Following the completion of the transaction, the senior vice president now owns 8,720 shares of the company’s stock, valued at $348,887.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,134 shares of company stock worth $1,321,320. Corporate insiders own 0.84% of the company’s stock.
Analysts Set New Price Targets
DAL has been the topic of a number of recent analyst reports. Bank of America increased their price target on shares of Delta Air Lines from $40.00 to $43.00 in a research note on Tuesday, January 10th. Argus raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Thursday, January 5th. Jefferies Financial Group upped their price target on shares of Delta Air Lines from $40.00 to $45.00 in a research report on Wednesday, January 11th. Raymond James raised their price objective on Delta Air Lines from $52.00 to $53.00 and gave the company a “strong-buy” rating in a research report on Tuesday, January 17th. Finally, Barclays raised their price objective on Delta Air Lines from $38.00 to $44.00 and gave the company an “overweight” rating in a research report on Wednesday, January 11th. One equities research 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 stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $49.75.
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 provides jet fuel to the airline segment.
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