Krilogy Financial LLC Acquires New Holdings in Delta Air Lines, Inc. $DAL

Key Points

• Krilogy Financial LLC acquired 12,871 shares of Delta Air Lines, Inc., valued at approximately $633,000, during the 2nd quarter.
• Institutional investors currently own 69.93% of Delta Air Lines stock, with several large firms like Vanguard, Invesco, and AQR Capital Management significantly increasing their positions.
• Delta Air Lines recently reported earnings of $2.10 per share, exceeding estimates, and has seen various price target upgrades from analysts, with a consensus rating of "Buy" and an average price target of $66.93.

Krilogy Financial LLC purchased a new stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund purchased 12,871 shares of the transportation company's stock, valued at approximately $633,000.

Other large investors have also recently made changes to their positions in the company. Continuum Advisory LLC boosted its position in Delta Air Lines by 44.2% in the 4th quarter. Continuum Advisory LLC now owns 584 shares of the transportation company's stock valued at $35,000 after buying an additional 179 shares during the period. Wealth Preservation Advisors LLC acquired a new stake in shares of Delta Air Lines in the first quarter worth $31,000. Zions Bancorporation National Association UT purchased a new stake in Delta Air Lines during the first quarter worth $33,000. Hara Capital LLC purchased a new position in Delta Air Lines during the first quarter valued at $35,000. Finally, Bernard Wealth Management Corp. purchased a new position in shares of Delta Air Lines in the fourth quarter worth about $51,000. 69.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Bernstein Bank lifted their price objective on shares of Delta Air Lines from $60.00 to $66.00 and gave the company an "outperform" rating in a report on Friday, July 11th. Jefferies Financial Group increased their price objective on shares of Delta Air Lines from $56.00 to $62.00 and gave the stock a "hold" rating in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Delta Air Lines from $53.00 to $63.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Wolfe Research lifted their price objective on shares of Delta Air Lines from $56.00 to $63.00 in a report on Monday, July 14th. Finally, Morgan Stanley upped their price objective on shares of Delta Air Lines from $88.00 to $90.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. One research 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 company's stock. According to data from MarketBeat.com, Delta Air Lines presently has a consensus rating of "Moderate Buy" and an average target price of $66.56.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 35,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $56.28, for a total value of $1,969,800.00. Following the transaction, the chief executive officer directly owned 632,823 shares of the company's stock, valued at $35,615,278.44. This trade represents a 5.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Peter W. Carter sold 17,550 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $57.19, for a total transaction of $1,003,684.50. Following the completion of the sale, the executive vice president owned 191,442 shares of the company's stock, valued at $10,948,567.98. This trade represents a 8.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 136,473 shares of company stock valued at $7,663,496 in the last ninety days. Corporate insiders own 0.88% of the company's stock.

Delta Air Lines Stock Up 0.6%

Delta Air Lines stock traded up $0.36 during mid-day trading on Friday, reaching $59.83. The stock had a trading volume of 15,277,569 shares, compared to its average volume of 7,186,185. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.38. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $69.98. The stock's 50-day simple moving average is $57.94 and its 200-day simple moving average is $50.57. The firm has a market capitalization of $39.07 billion, a PE ratio of 8.67, a price-to-earnings-growth ratio of 1.82 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 (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $15.51 billion for the quarter, compared to analyst estimates of $16.16 billion. During the same period in the previous year, the company posted $2.36 EPS. The firm's revenue for the quarter was down .1% compared to the same quarter last year. On average, sell-side analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

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 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.