Sterling Capital Management LLC Buys Shares of 43,415 Delta Air Lines, Inc. (DAL)
Sterling Capital Management LLC bought a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 43,415 shares of the transportation company’s stock, valued at approximately $2,151,000.
Several other institutional investors have also made changes to their positions in DAL. BlackRock Inc. grew its stake in Delta Air Lines by 2.4% in the second quarter. BlackRock Inc. now owns 35,660,948 shares of the transportation company’s stock worth $1,766,644,000 after purchasing an additional 825,244 shares in the last quarter. Lansdowne Partners UK LLP grew its stake in Delta Air Lines by 9.6% in the second quarter. Lansdowne Partners UK LLP now owns 28,130,139 shares of the transportation company’s stock worth $1,393,561,000 after purchasing an additional 2,462,310 shares in the last quarter. Boston Partners grew its stake in Delta Air Lines by 5.2% in the second quarter. Boston Partners now owns 12,399,764 shares of the transportation company’s stock worth $614,285,000 after purchasing an additional 608,231 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Delta Air Lines by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 7,801,731 shares of the transportation company’s stock worth $427,613,000 after purchasing an additional 22,535 shares in the last quarter. Finally, LSV Asset Management grew its stake in Delta Air Lines by 3.9% in the second quarter. LSV Asset Management now owns 4,387,085 shares of the transportation company’s stock worth $217,336,000 after purchasing an additional 164,122 shares in the last quarter. Institutional investors own 87.30% of the company’s stock.
DAL has been the subject of a number of research reports. Imperial Capital lifted their price target on Delta Air Lines from $65.00 to $71.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 22nd. Zacks Investment Research downgraded Delta Air Lines from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. ValuEngine raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Barclays cut their target price on shares of Delta Air Lines from $73.00 to $62.00 and set an “overweight” rating on the stock in a report on Monday, July 16th. Finally, Deutsche Bank cut shares of Delta Air Lines from a “buy” rating to a “hold” rating and cut their target price for the stock from $64.00 to $53.00 in a report on Tuesday, July 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Delta Air Lines has an average rating of “Buy” and a consensus target price of $66.61.
Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, July 12th. The transportation company reported $1.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.05. Delta Air Lines had a net margin of 7.72% and a return on equity of 26.75%. The firm had revenue of $11.78 billion for the quarter, compared to analysts’ expectations of $11.73 billion. During the same quarter last year, the company posted $1.64 earnings per share. Delta Air Lines’s revenue was up 9.1% on a year-over-year basis. analysts anticipate that Delta Air Lines, Inc. will post 5.59 EPS for the current fiscal year.
In other news, Director William H. Easter III sold 3,000 shares of Delta Air Lines stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $58.47, for a total transaction of $175,410.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO W Gilbert West sold 15,000 shares of Delta Air Lines stock in a transaction that occurred on Friday, July 13th. The shares were sold at an average price of $50.47, for a total value of $757,050.00. Following the sale, the chief operating officer now directly owns 104,447 shares in the company, valued at approximately $5,271,440.09. The disclosure for this sale can be found here. Insiders sold 117,787 shares of company stock worth $6,276,276 in the last three months. 0.33% of the stock is currently owned by corporate insiders.
Delta Air Lines Profile
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 route network is centered on a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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