Nicholas Hoffman & Company LLC. raised its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 104.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,120 shares of the transportation company’s stock after buying an additional 5,174 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Delta Air Lines were worth $289,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of DAL. Peddock Capital Advisors LLC acquired a new position in shares of Delta Air Lines during the fourth quarter worth approximately $27,000. ERTS Wealth Advisors LLC acquired a new position in shares of Delta Air Lines during the fourth quarter worth approximately $30,000. First PREMIER Bank acquired a new position in shares of Delta Air Lines during the first quarter worth approximately $30,000. Security National Trust Co. acquired a new position in shares of Delta Air Lines in the fourth quarter valued at $32,000. Finally, Carroll Financial Associates Inc. raised its stake in shares of Delta Air Lines by 171.8% in the first quarter. Carroll Financial Associates Inc. now owns 1,147 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 725 shares in the last quarter. Institutional investors own 83.96% of the company’s stock.
DAL has been the subject of a number of recent research reports. Barclays lowered Delta Air Lines from an “overweight” rating to an “equal weight” rating in a research note on Monday, May 4th. Cfra cut their target price on Delta Air Lines from $75.00 to $59.00 and set a “hold” rating for the company in a research note on Friday, February 28th. TheStreet lowered Delta Air Lines from a “b-” rating to a “c” rating in a research note on Tuesday, March 17th. Raymond James cut their target price on Delta Air Lines from $40.00 to $36.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Finally, UBS Group cut their target price on Delta Air Lines from $62.00 to $37.00 and set a “neutral” rating for the company in a research note on Friday, March 13th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $53.95.
In other Delta Air Lines news, Director David S. Taylor bought 2,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were bought at an average price of $53.67 per share, for a total transaction of $107,340.00. Following the completion of the acquisition, the director now owns 4,960 shares of the company’s stock, valued at $266,203.20. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David S. Taylor bought 1,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were acquired at an average price of $46.26 per share, for a total transaction of $46,260.00. Following the acquisition, the director now directly owns 7,960 shares of the company’s stock, valued at approximately $368,229.60. The disclosure for this purchase can be found here. Insiders have bought 1,008,017 shares of company stock worth $46,108,962 in the last 90 days. Company insiders own 0.47% of the company’s stock.
NYSE:DAL traded down $0.47 during trading hours on Friday, reaching $22.69. The company had a trading volume of 37,050,936 shares, compared to its average volume of 59,155,284. The stock has a 50-day moving average of $22.81 and a two-hundred day moving average of $45.49. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $14.77 billion, a PE ratio of 4.21 and a beta of 1.27. Delta Air Lines, Inc. has a one year low of $17.51 and a one year high of $63.44.
Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, April 22nd. The transportation company reported ($0.51) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.21. The company had revenue of $8.59 billion for the quarter, compared to analysts’ expectations of $9.33 billion. Delta Air Lines had a return on equity of 25.95% and a net margin of 7.76%. The business’s revenue for the quarter was down 18.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.96 earnings per share. As a group, sell-side analysts expect that Delta Air Lines, Inc. will post -7.28 earnings per share for the current year.
Delta Air Lines Company Profile
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.
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