Sumitomo Mitsui Trust Holdings Inc. Sells 15,426 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Sumitomo Mitsui Trust Holdings Inc. cut its holdings in Delta Air Lines, Inc. (NYSE:DALFree Report) by 3.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 398,129 shares of the transportation company’s stock after selling 15,426 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Delta Air Lines were worth $14,731,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of DAL. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Delta Air Lines by 495.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 570 shares during the period. Coppell Advisory Solutions Corp. bought a new stake in shares of Delta Air Lines during the 4th quarter worth $28,000. Moisand Fitzgerald Tamayo LLC lifted its holdings in shares of Delta Air Lines by 55.2% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 874 shares of the transportation company’s stock worth $32,000 after acquiring an additional 311 shares during the last quarter. Tyler Stone Wealth Management bought a new stake in shares of Delta Air Lines during the 2nd quarter worth $36,000. Finally, VitalStone Financial LLC lifted its holdings in shares of Delta Air Lines by 85.8% during the 1st quarter. VitalStone Financial LLC now owns 1,083 shares of the transportation company’s stock worth $42,000 after acquiring an additional 500 shares during the last quarter. 71.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on DAL. Jefferies Financial Group decreased their target price on shares of Delta Air Lines from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, September 29th. Sanford C. Bernstein dropped their target price on shares of Delta Air Lines from $62.00 to $61.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 26th. Raymond James dropped their target price on shares of Delta Air Lines from $58.00 to $54.00 and set a “strong-buy” rating on the stock in a research note on Thursday, October 5th. Bank of America decreased their price target on shares of Delta Air Lines from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, October 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Delta Air Lines from $71.00 to $68.00 and set an “overweight” rating on the stock in a research report on Friday, October 13th. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $55.50.

Read Our Latest Stock Analysis on Delta Air Lines

Delta Air Lines Stock Performance

Shares of NYSE DAL opened at $37.27 on Friday. The company’s fifty day moving average price is $38.93 and its 200 day moving average price is $39.82. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $49.81. The company has a market capitalization of $23.98 billion, a PE ratio of 5.21, a price-to-earnings-growth ratio of 0.27 and a beta of 1.37. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.33 and a current ratio of 0.38.

Delta Air Lines (NYSE:DALGet Free Report) last posted its quarterly earnings data on Friday, January 12th. The transportation company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.11. The company had revenue of $14.22 billion during the quarter, compared to analysts’ expectations of $13.55 billion. Delta Air Lines had a net margin of 7.94% and a return on equity of 46.53%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.48 earnings per share. On average, research analysts predict that Delta Air Lines, Inc. will post 6.63 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director David S. Taylor acquired 10,000 shares of Delta Air Lines stock in a transaction on Friday, October 27th. The stock was bought at an average cost of $30.75 per share, for a total transaction of $307,500.00. Following the completion of the transaction, the director now owns 27,470 shares of the company’s stock, valued at approximately $844,702.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.89% of the stock is currently owned by company insiders.

Delta Air Lines Profile

(Free Report)

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.

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

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