Harbor Investment Advisory LLC increased its position in shares of Delta Air Lines, Inc. (NYSE:DAL – Get Rating) by 12.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,429 shares of the transportation company’s stock after purchasing an additional 585 shares during the period. Harbor Investment Advisory LLC’s holdings in Delta Air Lines were worth $178,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Delta Air Lines by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 70,356,139 shares of the transportation company’s stock worth $1,974,193,000 after purchasing an additional 917,225 shares during the last quarter. Primecap Management Co. CA lifted its holdings in Delta Air Lines by 5.0% during the 3rd quarter. Primecap Management Co. CA now owns 22,369,318 shares of the transportation company’s stock worth $627,683,000 after purchasing an additional 1,067,362 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Delta Air Lines by 177.5% during the 3rd quarter. Renaissance Technologies LLC now owns 8,815,900 shares of the transportation company’s stock worth $247,374,000 after purchasing an additional 5,638,800 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Delta Air Lines by 8.3% during the 3rd 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 last quarter. Finally, Invesco Ltd. raised its holdings in Delta Air Lines by 15.8% in the 1st quarter. Invesco Ltd. now owns 3,211,503 shares of the transportation company’s stock valued at $127,079,000 after acquiring an additional 437,281 shares in the last quarter. 66.47% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Delta Air Lines
In related news, SVP William C. Carroll sold 15,529 shares of the company’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $38.20, for a total transaction of $593,207.80. Following the sale, the senior vice president now owns 16,780 shares in the company, valued at approximately $640,996. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP William C. Carroll sold 15,529 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $640,996. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Francis S. Blake purchased 12,880 shares of the company’s stock in a transaction that occurred on Wednesday, January 18th. The shares were purchased at an average cost of $38.58 per share, for a total transaction of $496,910.40. Following the completion of the purchase, the director now owns 93,795 shares in the company, valued at approximately $3,618,611.10. The disclosure for this purchase can be found here. Insiders have sold a total of 43,980 shares of company stock worth $1,696,902 in the last 90 days. Corporate insiders own 0.84% of the company’s stock.
Delta Air Lines Stock Up 2.4 %
Delta Air Lines (NYSE:DAL – Get Rating) last announced its earnings results on Friday, January 13th. The transportation company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.31 by $0.17. Delta Air Lines had a return on equity of 45.69% and a net margin of 2.61%. The company had revenue of $13.44 billion for the quarter, compared to analyst estimates of $13.03 billion. Equities research analysts anticipate that Delta Air Lines, Inc. will post 5.18 EPS for the current year.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on DAL. Barclays lifted their price objective on Delta Air Lines from $44.00 to $48.00 in a report on Friday, March 10th. Argus raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Thursday, January 5th. Redburn Partners raised Delta Air Lines from a “neutral” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Wednesday, February 8th. Raymond James lifted their price objective on Delta Air Lines from $52.00 to $53.00 and gave the company a “strong-buy” rating in a report on Tuesday, January 17th. Finally, StockNews.com initiated coverage on Delta Air Lines in a report on Thursday, March 16th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $49.47.
Delta Air Lines Company 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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