Delta Air Lines, Inc. (NYSE: DAL) Shares Purchased by Gateway Investment Advisers LLC


Gateway Investment Advisers LLC has increased its stake in Delta Air Lines, Inc. (NYSE: DAL – Get Rating) by 49.6% in the first quarter, according to HoldingsChannel. The company owned 20,022 shares of the transport company’s shares after purchasing an additional 6,641 shares during the period. Gateway Investment Advisers LLC owned Delta Air Lines at $ 792,000 at the time of its last filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold stock shares. State Street Corp increased its position in Delta Air Lines by 1.5% in the fourth quarter. State Street Corp. now owns 22,075,797 shares of the transportation company worth $ 862,722,000 after purchasing an additional 336,057 shares during the period. Geode Capital Management LLC raised its position in Delta Air Lines by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 11,317,760 shares of the transportation company worth $ 441,460,000 after purchasing an additional 347,361 shares during the period. Lansdowne Partners UK LLP increased its position in Delta Air Lines by 10.7% in the fourth quarter. Lansdowne Partners UK LLP now owns 4,452,261 shares in the transport company worth $ 173,995,000 after purchasing an additional 430,584 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Delta Air Lines by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,075,617 shares of the transportation company’s shares worth $ 120,196,000 after acquiring an additional 105,080 shares during the period. Finally, Invesco Ltd. increased its position in shares of Delta Air Lines by 7.9% in the fourth quarter. Invesco Ltd. now owns 2,774,222 shares of the transportation company’s shares worth $ 108,417,000 after acquiring an additional 203,702 shares during the period. Institutional investors own 63.24% of the company’s shares.

Shares of NYSE DAL opened at $ 31.20 on Friday. Delta Air Lines, Inc. has a 12-month low of $ 28.76 and a 12-month high of $ 46.27. The shares have a market capitalization of $ 20.00 billion, a PE ratio of 39.49 and a beta of 1.05. The company has a current ratio of 0.65, a fast ratio of 0.60 and a debt to equity ratio of 8.17. The company has a 50-day moving average of $ 38.55 and a 200-day moving average of $ 38.75.

Delta Air Lines (NYSE: DAL – Get Rating) last announced its quarterly earnings data on Wednesday, April 13th. The transportation company reported ($ 1.23) earnings per share (EPS) for the quarter, exceeding the consensus estimate of ($ 1.28) by $ 0.05. Delta Air Lines has a net margin of 1.47% and a negative return on equity of 41.80%. The company had revenue of $ 9.35 billion in the quarter, compared to analysts’ expectations of $ 8.99 billion. In the same quarter of the previous year, the company earned ($ 3.55) EPS. Delta Air Lines’ revenue increased 125.3% compared to the same quarter last year. On average, sales analysts predict that Delta Air Lines, Inc. will report EPS of 2.85 for the current fiscal year.

A number of research analysts weighed the shares. Barclays raised shares of Delta Air Lines from an “equal weight” rating to an overweight rating and raised its share price target from $ 42.00 to $ 60.00 in a research report on Thursday, April 14. Susquehanna raised its target for Delta Air Lines stock prices from $ 45.00 to $ 47.00 in a research report on Thursday, April 14. StockNews.com covered the shares of Delta Air Lines in a research report on Thursday, March 31st. They issued a “retention” rating to the company. JPMorgan Chase & Co. raised its target for Delta Air Lines stock prices from $ 69.00 to $ 70.00 and gave the stock an “overweight” rating in a research report on Friday, April 22nd. Finally, Susquehanna Bancshares raised its target for Delta Air Lines stock prices from $ 45.00 to $ 47.00 in a research report on Thursday, April 14. Four analysts rated the shares with a retention rating, eleven assigned a buy rating and one gave a strong rating for the purchase of the company’s shares. Based on data from MarketBeat.com, the shares have a consensus rating of “Moderate buying” and a consensus target price of $ 52.47.

In other news, CEO Greg Creed bought 11,000 shares of the company’s stock in a deal on Friday, April 22nd. The shares were purchased at an average price of $ 44.03 per share, for a total transaction of $ 484,330.00. Since the acquisition, the director now directly owns 11,000 shares of the company’s stock, valued at approximately $ 484,330. The acquisition was disclosed in legal documents in the Securities and Exchange Commission, which is available through the SEC website. Also, EVP Joan D. Smith sold 6,098 shares of the business stock in a deal on Thursday, April 14th. The shares were sold at an average price of $ 41.99, for a total transaction of $ 256,055.02. Following the transaction, the executive vice president now owns 129,881 shares in the company worth $ 5,453,703.19. The disclosure for this sale can be found here. Over the past ninety days, insiders have sold 73,270 shares of the company worth $ 3,035,835. 0.63% of the shares are owned by corporate insiders.

Company profile of Delta Air Lines (Get a rating)

Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates in two segments, an airline and a refinery. Its internal network focuses on major centers in Atlanta, Minneapolis-St. Paul, Detroit and Salt Lake City, as well as positions at coastal centers in Boston, Los Angeles, New York-La Guardia, New York-JFK and Seattle; and an international network focused on centers 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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