MCF Advisors LLC Grows Holdings in Delta Air Lines, Inc. (NYSE:DAL)

MCF Advisors LLC grew its stake in Delta Air Lines, Inc. (NYSE:DAL) by 23.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,262 shares of the transportation company’s stock after buying an additional 1,013 shares during the period. MCF Advisors LLC’s holdings in Delta Air Lines were worth $228,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Olstein Capital Management L.P. boosted its stake in shares of Delta Air Lines by 22.2% in the 2nd quarter. Olstein Capital Management L.P. now owns 193,000 shares of the transportation company’s stock valued at $8,349,000 after purchasing an additional 35,000 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of Delta Air Lines by 8.6% in the 2nd quarter. Toronto Dominion Bank now owns 251,768 shares of the transportation company’s stock valued at $10,891,000 after purchasing an additional 19,952 shares in the last quarter. Asahi Life Asset Management CO. LTD. purchased a new stake in shares of Delta Air Lines in the 2nd quarter valued at $151,000. Van ECK Associates Corp purchased a new stake in shares of Delta Air Lines in the 2nd quarter valued at $3,967,000. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of Delta Air Lines by 256.7% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 166,929 shares of the transportation company’s stock valued at $7,221,000 after purchasing an additional 120,132 shares in the last quarter. 63.65% of the stock is owned by institutional investors and hedge funds.

NYSE:DAL opened at $39.44 on Wednesday. The firm’s 50-day moving average price is $40.39 and its 200-day moving average price is $44.47. The company has a market capitalization of $25.24 billion, a PE ratio of -3.76 and a beta of 1.41. The company has a debt-to-equity ratio of 20.83, a current ratio of 0.83 and a quick ratio of 0.82. Delta Air Lines, Inc. has a 1-year low of $27.92 and a 1-year high of $52.28.

Delta Air Lines (NYSE:DAL) last released its earnings results on Tuesday, July 13th. The transportation company reported ($1.07) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.38) by $0.31. The firm had revenue of $7.13 billion for the quarter, compared to the consensus estimate of $6.25 billion. Delta Air Lines had a negative net margin of 36.37% and a negative return on equity of 398.80%. The company’s revenue was up 385.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($4.43) EPS. Equities analysts anticipate that Delta Air Lines, Inc. will post -3.39 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on DAL shares. Raymond James raised shares of Delta Air Lines from a “market perform” rating to a “strong-buy” rating and set a $58.00 price objective for the company in a research note on Thursday, July 15th. Wolfe Research upgraded shares of Delta Air Lines from an “underperform” rating to an “outperform” rating and lowered their price target for the company from $78.00 to $55.00 in a report on Friday, June 18th. MKM Partners initiated coverage on shares of Delta Air Lines in a report on Thursday, June 10th. They set a “buy” rating and a $59.00 price target for the company. Susquehanna lowered their price target on shares of Delta Air Lines from $53.00 to $45.00 and set a “neutral” rating for the company in a report on Thursday, July 15th. Finally, Jefferies Financial Group upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating and upped their price target for the company from $50.00 to $60.00 in a report on Tuesday, June 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $51.45.

In other news, Director David S. Taylor acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 3rd. The shares were bought at an average cost of $39.30 per share, with a total value of $196,500.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David S. Taylor acquired 3,000 shares of the business’s stock in a transaction that occurred on Monday, July 19th. The shares were purchased at an average cost of $38.25 per share, for a total transaction of $114,750.00. The disclosure for this purchase can be found here. 0.63% of the stock is owned by corporate insiders.

Delta Air Lines Company Profile

Delta Air Lines, Inc engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment consists of jet fuel and non-jet fuel products.

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

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