Mutual of America Capital Management LLC Boosts Stake in Delta Air Lines, Inc. (NYSE:DAL)

Mutual of America Capital Management LLC increased its stake in shares of Delta Air Lines, Inc. (NYSE:DALGet Rating) by 1.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 99,419 shares of the transportation company’s stock after purchasing an additional 978 shares during the period. Mutual of America Capital Management LLC’s holdings in Delta Air Lines were worth $3,934,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Integrated Advisors Network LLC acquired a new position in shares of Delta Air Lines during the 1st quarter worth about $979,000. MBL Wealth LLC acquired a new position in shares of Delta Air Lines during the 1st quarter worth about $217,000. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Delta Air Lines by 57.2% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,252 shares of the transportation company’s stock worth $167,000 after purchasing an additional 1,547 shares during the last quarter. Signaturefd LLC raised its position in shares of Delta Air Lines by 5.9% during the 1st quarter. Signaturefd LLC now owns 28,907 shares of the transportation company’s stock worth $1,144,000 after purchasing an additional 1,604 shares during the last quarter. Finally, Patten & Patten Inc. TN raised its position in shares of Delta Air Lines by 3.1% during the 1st quarter. Patten & Patten Inc. TN now owns 351,594 shares of the transportation company’s stock worth $13,913,000 after purchasing an additional 10,640 shares during the last quarter. Institutional investors and hedge funds own 63.24% of the company’s stock.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP Joanne D. Smith sold 9,024 shares of the firm’s stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of $44.14, for a total value of $398,319.36. Following the completion of the transaction, the executive vice president now owns 120,857 shares of the company’s stock, valued at approximately $5,334,627.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Delta Air Lines news, EVP Joanne D. Smith sold 9,024 shares of the firm’s stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of $44.14, for a total value of $398,319.36. Following the completion of the transaction, the executive vice president now owns 120,857 shares of the company’s stock, valued at approximately $5,334,627.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David S. Taylor purchased 10,000 shares of the firm’s stock in a transaction on Thursday, July 14th. The stock was acquired at an average cost of $29.31 per share, with a total value of $293,100.00. Following the transaction, the director now directly owns 43,010 shares in the company, valued at $1,260,623.10. The disclosure for this purchase can be found here. Insiders sold 67,172 shares of company stock valued at $2,779,779 in the last 90 days. Company insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

DAL has been the subject of several research analyst reports. Morgan Stanley upped their price target on shares of Delta Air Lines from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, April 14th. Jefferies Financial Group cut their price objective on shares of Delta Air Lines from $50.00 to $45.00 in a report on Friday, July 15th. Susquehanna cut their price objective on shares of Delta Air Lines from $47.00 to $35.00 and set a “positive” rating for the company in a report on Tuesday, July 12th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Delta Air Lines from $55.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, July 14th. Finally, StockNews.com started coverage on shares of Delta Air Lines in a report on Thursday, March 31st. They issued a “hold” rating for the company. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $49.50.

Delta Air Lines Stock Performance

NYSE:DAL opened at $31.41 on Tuesday. The company has a debt-to-equity ratio of 6.01, a quick ratio of 0.59 and a current ratio of 0.66. The stock has a market capitalization of $20.14 billion, a P/E ratio of 34.14 and a beta of 1.19. The company has a 50 day moving average price of $33.84 and a 200 day moving average price of $37.54. Delta Air Lines, Inc. has a fifty-two week low of $28.09 and a fifty-two week high of $46.27.

Delta Air Lines (NYSE:DALGet Rating) last issued its quarterly earnings results on Wednesday, July 13th. The transportation company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.27). Delta Air Lines had a net margin of 1.43% and a return on equity of 14.26%. The business had revenue of $13.82 billion during the quarter, compared to analysts’ expectations of $13.40 billion. During the same period in the prior year, the business earned ($1.07) EPS. The business’s quarterly revenue was up 93.9% on a year-over-year basis. Equities research analysts forecast that Delta Air Lines, Inc. will post 2.73 EPS for the current year.

Delta Air Lines Profile

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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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