Sheaff Brock Investment Advisors LLC Has $231,000 Stake in Delta Air Lines, Inc. (NYSE:DAL)

Sheaff Brock Investment Advisors LLC trimmed its position in Delta Air Lines, Inc. (NYSE:DALGet Rating) by 14.6% in the first quarter, HoldingsChannel.com reports. The firm owned 5,850 shares of the transportation company’s stock after selling 1,000 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Delta Air Lines were worth $231,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Scout Investments Inc. acquired a new position in shares of Delta Air Lines in the first quarter valued at $29,114,000. Pendal Group Ltd acquired a new position in shares of Delta Air Lines in the first quarter valued at $258,000. Stratos Wealth Partners LTD. raised its stake in shares of Delta Air Lines by 1.3% in the first quarter. Stratos Wealth Partners LTD. now owns 34,940 shares of the transportation company’s stock valued at $1,383,000 after purchasing an additional 432 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Delta Air Lines in the fourth quarter valued at $7,325,000. Finally, Stifel Financial Corp raised its stake in Delta Air Lines by 107.0% during the fourth quarter. Stifel Financial Corp now owns 714,181 shares of the transportation company’s stock worth $27,911,000 after acquiring an additional 369,137 shares in the last quarter. 63.24% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Price Performance

Delta Air Lines stock opened at $32.94 on Friday. The business’s 50-day simple moving average is $32.50 and its 200 day simple moving average is $37.05. The stock has a market cap of $21.12 billion, a price-to-earnings ratio of 35.80 and a beta of 1.20. Delta Air Lines, Inc. has a 12-month low of $28.09 and a 12-month high of $46.27. The company has a quick ratio of 0.59, a current ratio of 0.66 and a debt-to-equity ratio of 6.01.

Delta Air Lines (NYSE:DALGet Rating) last posted its quarterly earnings results on Wednesday, July 13th. The transportation company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.27). The firm had revenue of $13.82 billion during the quarter, compared to the consensus estimate of $13.40 billion. Delta Air Lines had a net margin of 1.43% and a return on equity of 14.26%. Delta Air Lines’s revenue was up 93.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.07) EPS. As a group, research analysts anticipate that Delta Air Lines, Inc. will post 2.8 earnings per share for the current year.

Insider Activity at Delta Air Lines

In other news, Director David S. Taylor purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 14th. The shares were acquired at an average price of $29.31 per share, for a total transaction of $293,100.00. Following the completion of the acquisition, the director now directly owns 43,010 shares in the company, valued at $1,260,623.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director David S. Taylor bought 10,000 shares of Delta Air Lines stock in a transaction on Thursday, July 14th. The shares were purchased at an average price of $29.31 per share, for a total transaction of $293,100.00. Following the completion of the acquisition, the director now owns 43,010 shares in the company, valued at $1,260,623.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Edward H. Bastian sold 27,664 shares of the firm’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $39.55, for a total value of $1,094,111.20. Following the transaction, the chief executive officer now owns 446,712 shares in the company, valued at approximately $17,667,459.60. The disclosure for this sale can be found here. Insiders have sold a total of 48,148 shares of company stock worth $1,945,960 over the last 90 days. Insiders own 0.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on DAL shares. Deutsche Bank Aktiengesellschaft dropped their price objective on Delta Air Lines from $55.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, July 14th. Susquehanna dropped their price objective on Delta Air Lines from $47.00 to $35.00 and set a “positive” rating for the company in a research note on Tuesday, July 12th. Argus lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Friday, July 15th. Susquehanna Bancshares dropped their price objective on Delta Air Lines from $47.00 to $35.00 and set a “positive” rating for the company in a research note on Tuesday, July 12th. Finally, JPMorgan Chase & Co. increased their price objective on Delta Air Lines from $69.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, April 22nd. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $49.50.

Delta Air Lines Company Profile

(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.

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

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