Delta Air Lines, Inc. (NYSE:DAL) Stock Holdings Reduced by Skandinaviska Enskilda Banken AB publ

Posted by on May 14th, 2023

Skandinaviska Enskilda Banken AB publ lowered its position in Delta Air Lines, Inc. (NYSE:DAL – Get Rating) by 9.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,401 shares of the transportation company’s stock after selling 3,200 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Delta Air Lines were worth $999,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in shares of Delta Air Lines by 153.8% in the third quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the transportation company’s stock worth $29,000 after buying an additional 623 shares during the last quarter. Ten Capital Wealth Advisors LLC bought a new stake in Delta Air Lines during the third quarter valued at about $29,000. Sittner & Nelson LLC boosted its holdings in Delta Air Lines by 200.0% during the fourth quarter. Sittner & Nelson LLC now owns 900 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 600 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in Delta Air Lines during the fourth quarter valued at about $32,000. Finally, WFA of San Diego LLC bought a new stake in Delta Air Lines during the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 66.47% of the company’s stock.

Insider Buying and Selling

In other Delta Air Lines news, EVP Joanne D. Smith sold 4,846 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $38.43, for a total value of $186,231.78. Following the sale, the executive vice president now owns 115,295 shares in the company, valued at approximately $4,430,786.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Delta Air Lines news, EVP Joanne D. Smith sold 4,846 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $38.43, for a total value of $186,231.78. Following the sale, the executive vice president now owns 115,295 shares in the company, valued at approximately $4,430,786.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David S. Taylor bought 5,000 shares of the business’s stock in a transaction on Wednesday, April 26th. The stock was purchased at an average price of $32.83 per share, for a total transaction of $164,150.00. Following the purchase, the director now directly owns 25,360 shares in the company, valued at approximately $832,568.80. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 15,000 shares of company stock worth $503,250 and have sold 27,970 shares worth $1,057,049. 0.84% of the stock is currently owned by company insiders.

Delta Air Lines Stock Up 0.0 %

Shares of Delta Air Lines stock opened at $33.23 on Friday. Delta Air Lines, Inc. has a 1 year low of $27.20 and a 1 year high of $42.45. The business has a 50-day moving average of $34.29 and a two-hundred day moving average of $35.38. The company has a market capitalization of $21.36 billion, a P/E ratio of 11.26, a price-to-earnings-growth ratio of 0.18 and a beta of 1.25. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.47 and a quick ratio of 0.42.

Delta Air Lines (NYSE:DAL – Get Rating) last announced its quarterly earnings results on Thursday, April 13th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.04). Delta Air Lines had a return on equity of 56.49% and a net margin of 3.51%. The business had revenue of $12.76 billion during the quarter, compared to the consensus estimate of $12.25 billion. During the same quarter last year, the company earned ($1.23) earnings per share. The firm’s revenue was up 36.5% compared to the same quarter last year. As a group, equities analysts predict that Delta Air Lines, Inc. will post 5.39 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on DAL. Bank of America lowered their price target on Delta Air Lines from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, April 14th. Evercore ISI upgraded shares of Delta Air Lines from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $40.00 to $47.00 in a research note on Tuesday, March 7th. Redburn Partners upgraded Delta Air Lines from a “neutral” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Wednesday, February 8th. Raymond James raised their target price on Delta Air Lines from $53.00 to $54.00 and gave the stock a “strong-buy” rating in a research report on Monday, April 3rd. Finally, JPMorgan Chase & Co. cut their target price on Delta Air Lines from $81.00 to $69.00 in a research report on Monday, May 8th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Delta Air Lines has a consensus rating of “Moderate Buy” and a consensus price target of $49.38.

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.

Further Reading

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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