Linscomb & Williams Inc. Boosts Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Linscomb & Williams Inc. raised its position in shares of Delta Air Lines, Inc. (NYSE:DALGet Rating) by 10.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,649 shares of the transportation company’s stock after purchasing an additional 550 shares during the period. Linscomb & Williams Inc.’s holdings in Delta Air Lines were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Teacher Retirement System of Texas lifted its stake in shares of Delta Air Lines by 15.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 40,216 shares of the transportation company’s stock valued at $1,714,000 after buying an additional 5,406 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in Delta Air Lines by 29.2% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 30,075 shares of the transportation company’s stock worth $1,282,000 after buying an additional 6,800 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Delta Air Lines by 1.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,334,538 shares of the transportation company’s stock worth $56,864,000 after buying an additional 19,448 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Delta Air Lines in the 3rd quarter worth approximately $913,000. Finally, O Shaughnessy Asset Management LLC boosted its holdings in Delta Air Lines by 3.9% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 7,165 shares of the transportation company’s stock worth $305,000 after buying an additional 270 shares during the period. 63.24% of the stock is owned by institutional investors and hedge funds.

In other Delta Air Lines news, EVP Joanne D. Smith sold 9,024 shares of the business’s stock in a transaction dated Friday, April 29th. The shares were sold at an average price of $44.14, for a total value of $398,319.36. Following the transaction, the executive vice president now owns 120,857 shares in the company, valued at $5,334,627.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Joanne D. Smith sold 6,098 shares of the business’s stock in a transaction dated Thursday, April 14th. The shares were sold at an average price of $41.99, for a total transaction of $256,055.02. Following the completion of the transaction, the executive vice president now owns 129,881 shares in the company, valued at approximately $5,453,703.19. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,122 shares of company stock worth $1,089,874. 0.63% of the stock is owned by corporate insiders.

DAL has been the subject of several analyst reports. Berenberg Bank raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and raised their price objective for the stock from $48.00 to $50.00 in a report on Tuesday, January 25th. Barclays raised shares of Delta Air Lines from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $42.00 to $60.00 in a report on Thursday, April 14th. The Goldman Sachs Group raised their price target on shares of Delta Air Lines from $39.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, April 14th. Susquehanna Bancshares raised their price target on shares of Delta Air Lines from $45.00 to $47.00 in a report on Thursday, April 14th. Finally, JPMorgan Chase & Co. raised their price target on shares of Delta Air Lines from $69.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, April 22nd. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Delta Air Lines has an average rating of “Buy” and an average target price of $52.41.

NYSE DAL opened at $40.72 on Wednesday. The company has a market capitalization of $26.10 billion, a P/E ratio of 51.54 and a beta of 1.05. The company has a fifty day moving average of $39.37 and a 200-day moving average of $39.49. Delta Air Lines, Inc. has a 52-week low of $29.75 and a 52-week high of $48.54. The company has a debt-to-equity ratio of 8.17, a quick ratio of 0.60 and a current ratio of 0.65.

Delta Air Lines (NYSE:DALGet Rating) last issued its earnings results on Wednesday, April 13th. The transportation company reported ($1.23) EPS for the quarter, topping analysts’ consensus estimates of ($1.28) by $0.05. The company had revenue of $9.35 billion for the quarter, compared to analysts’ expectations of $8.99 billion. Delta Air Lines had a net margin of 1.47% and a negative return on equity of 41.80%. The firm’s revenue was up 125.3% compared to the same quarter last year. During the same quarter last year, the company earned ($3.55) EPS. As a group, analysts forecast that Delta Air Lines, Inc. will post 2.49 EPS for the current fiscal year.

About Delta Air Lines (Get Rating)

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 domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.

Further Reading

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

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