Y.D. More Investments Ltd Sells 875 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Y.D. More Investments Ltd decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 46.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000 shares of the transportation company’s stock after selling 875 shares during the period. Y.D. More Investments Ltd’s holdings in Delta Air Lines were worth $48,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in DAL. Acadian Asset Management LLC acquired a new position in shares of Delta Air Lines during the 1st quarter valued at $217,000. Panagora Asset Management Inc. boosted its position in shares of Delta Air Lines by 41.8% during the 1st quarter. Panagora Asset Management Inc. now owns 25,838 shares of the transportation company’s stock worth $1,022,000 after purchasing an additional 7,616 shares in the last quarter. APG Asset Management N.V. acquired a new stake in shares of Delta Air Lines in the 1st quarter valued at about $243,000. Raymond James Trust N.A. increased its position in Delta Air Lines by 20.7% in the 1st quarter. Raymond James Trust N.A. now owns 9,918 shares of the transportation company’s stock valued at $392,000 after buying an additional 1,700 shares in the last quarter. Finally, Cibc World Market Inc. raised its stake in Delta Air Lines by 3.1% during the 1st quarter. Cibc World Market Inc. now owns 29,508 shares of the transportation company’s stock worth $1,168,000 after buying an additional 891 shares during the period. Institutional investors and hedge funds own 71.29% of the company’s stock.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $38.89 on Tuesday. The company has a 50 day moving average of $44.17 and a 200 day moving average of $39.57. The company has a current ratio of 0.46, a quick ratio of 0.41 and a debt-to-equity ratio of 2.24. The stock has a market cap of $25.02 billion, a P/E ratio of 8.38, a P/E/G ratio of 0.21 and a beta of 1.30. Delta Air Lines, Inc. has a 12 month low of $27.20 and a 12 month high of $49.81.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, July 13th. The transportation company reported $2.68 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.28. The firm had revenue of $15.58 billion for the quarter, compared to analysts’ expectations of $14.44 billion. Delta Air Lines had a net margin of 5.36% and a return on equity of 59.56%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.44 earnings per share. As a group, sell-side analysts forecast that Delta Air Lines, Inc. will post 6.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Susquehanna boosted their price objective on Delta Air Lines from $45.00 to $54.00 in a report on Wednesday, June 28th. 22nd Century Group reissued a “maintains” rating on shares of Delta Air Lines in a research report on Wednesday, June 28th. Bank of America raised their price target on shares of Delta Air Lines from $50.00 to $53.00 in a research report on Monday, July 17th. Raymond James boosted their price objective on Delta Air Lines from $57.00 to $58.00 and gave the stock a “strong-buy” rating in a report on Friday, July 14th. Finally, Wolfe Research raised their target price on Delta Air Lines from $51.00 to $54.00 in a report on Friday, July 14th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $57.31.

Insider Buying and Selling

In other news, EVP Peter W. Carter sold 7,056 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $45.00, for a total value of $317,520.00. Following the completion of the transaction, the executive vice president now directly owns 184,136 shares in the company, valued at approximately $8,286,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Delta Air Lines news, EVP Peter W. Carter sold 7,056 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $45.00, for a total value of $317,520.00. Following the completion of the sale, the executive vice president now owns 184,136 shares in the company, valued at approximately $8,286,120. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael P. Huerta sold 3,350 shares of the business’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $48.43, for a total transaction of $162,240.50. Following the transaction, the director now directly owns 27,465 shares in the company, valued at $1,330,129.95. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,479 shares of company stock worth $1,839,353. Insiders own 0.89% of the company’s stock.

About Delta Air Lines

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.