Great Waters Wealth Management Has $321,000 Holdings in Delta Air Lines, Inc. $DAL

Key Points

• Great Waters Wealth Management reduced its stake in Delta Air Lines by 49.2%, holding 6,530 shares worth $321,000 at the end of the last quarter.
• Institutional investors currently own 69.93% of Delta's stock, with several firms significantly increasing their positions in the second quarter.
• Delta Air Lines reported a $2.10 EPS in its latest quarterly earnings, exceeding estimates but showing a slight year-over-year revenue decline.

Great Waters Wealth Management trimmed its position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 49.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,530 shares of the transportation company's stock after selling 6,330 shares during the quarter. Great Waters Wealth Management's holdings in Delta Air Lines were worth $321,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. CX Institutional lifted its position in shares of Delta Air Lines by 26.7% during the 2nd quarter. CX Institutional now owns 7,719 shares of the transportation company's stock valued at $380,000 after buying an additional 1,627 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Delta Air Lines by 86.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 449,929 shares of the transportation company's stock worth $22,128,000 after purchasing an additional 208,391 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Delta Air Lines by 427.6% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 302,850 shares of the transportation company's stock worth $14,894,000 after purchasing an additional 245,450 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in Delta Air Lines during the 2nd quarter worth about $386,364,000. Finally, IFM Investors Pty Ltd raised its holdings in shares of Delta Air Lines by 26.6% in the 2nd quarter. IFM Investors Pty Ltd now owns 28,023 shares of the transportation company's stock valued at $1,378,000 after acquiring an additional 5,893 shares in the last quarter. Institutional investors own 69.93% of the company's stock.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, Director Michael P. Huerta sold 2,500 shares of the business's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $60.70, for a total value of $151,750.00. Following the sale, the director directly owned 33,245 shares of the company's stock, valued at approximately $2,017,971.50. The trade was a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Edward H. Bastian sold 35,000 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $56.28, for a total value of $1,969,800.00. Following the completion of the sale, the chief executive officer directly owned 632,823 shares in the company, valued at $35,615,278.44. This trade represents a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 136,473 shares of company stock valued at $7,663,496 over the last ninety days. Insiders own 0.88% of the company's stock.

Delta Air Lines Trading Up 0.6%

NYSE DAL opened at $59.83 on Friday. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $69.98. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.38. The stock has a 50 day simple moving average of $57.94 and a two-hundred day simple moving average of $50.61. The stock has a market cap of $39.07 billion, a P/E ratio of 8.67, a price-to-earnings-growth ratio of 1.81 and a beta of 1.51.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings data on Thursday, July 10th. The transportation company reported $2.10 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.09. Delta Air Lines had a return on equity of 24.86% and a net margin of 7.24%.The business had revenue of $15.51 billion during the quarter, compared to analysts' expectations of $16.16 billion. During the same quarter last year, the business posted $2.36 EPS. The business's revenue was down .1% on a year-over-year basis. On average, analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Wolfe Research raised their price target on Delta Air Lines from $56.00 to $63.00 in a report on Monday, July 14th. HSBC raised their price target on Delta Air Lines from $64.00 to $69.20 in a report on Friday, July 11th. Jefferies Financial Group raised their price target on Delta Air Lines from $56.00 to $62.00 and gave the company a "hold" rating in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft increased their price objective on Delta Air Lines from $53.00 to $63.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Finally, Morgan Stanley increased their price objective on Delta Air Lines from $88.00 to $90.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Delta Air Lines has an average rating of "Moderate Buy" and an average price target of $66.56.

Delta Air Lines Company 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 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, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.

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