Kwmg LLC Acquires 6,369 Shares of Delta Air Lines, Inc. $DAL

Key Points

• Kwmg LLC increased its stake in Delta Air Lines by 5.7% in Q2, acquiring an additional 6,369 shares, bringing their total holdings to 119,087 shares valued at $5,857,000.
• Shares of Delta Air Lines experienced a 1.4% decline recently and have fluctuated between a one-year low of $34.74 and a high of $69.98.
• In Q2, Delta Air Lines reported an EPS of $2.10, surpassing estimates, although its revenue of $15.51 billion fell short of expectations.

Kwmg LLC grew its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 5.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 119,087 shares of the transportation company's stock after purchasing an additional 6,369 shares during the quarter. Kwmg LLC's holdings in Delta Air Lines were worth $5,857,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DAL. Brighton Jones LLC boosted its position in Delta Air Lines by 33.5% during the fourth quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company's stock worth $555,000 after purchasing an additional 2,302 shares during the period. Vise Technologies Inc. boosted its position in Delta Air Lines by 31.8% during the fourth quarter. Vise Technologies Inc. now owns 11,008 shares of the transportation company's stock worth $666,000 after purchasing an additional 2,654 shares during the period. Public Employees Retirement System of Ohio bought a new position in Delta Air Lines during the fourth quarter worth about $14,872,000. Forum Financial Management LP boosted its position in Delta Air Lines by 22.3% during the fourth quarter. Forum Financial Management LP now owns 11,471 shares of the transportation company's stock worth $694,000 after purchasing an additional 2,094 shares during the period. Finally, Mackenzie Financial Corp boosted its position in Delta Air Lines by 317.0% during the fourth quarter. Mackenzie Financial Corp now owns 319,388 shares of the transportation company's stock worth $19,323,000 after purchasing an additional 242,796 shares during the period. Institutional investors own 69.93% of the company's stock.

Delta Air Lines Stock Down 1.4%

Shares of NYSE DAL opened at $58.93 on Tuesday. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.38 and a quick ratio of 0.33. The firm's 50 day simple moving average is $57.95 and its two-hundred day simple moving average is $50.58. The stock has a market capitalization of $38.48 billion, a P/E ratio of 8.54, a PEG ratio of 1.82 and a beta of 1.51.

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

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP Alain Bellemare sold 45,423 shares of the stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $55.56, for a total transaction of $2,523,701.88. Following the transaction, the executive vice president directly owned 131,731 shares in the company, valued at $7,318,974.36. This trade represents a 25.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Edward H. Bastian sold 35,000 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $56.28, for a total transaction of $1,969,800.00. Following the transaction, the chief executive officer owned 632,823 shares in the company, valued at $35,615,278.44. The trade was a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 136,473 shares of company stock valued at $7,663,496. 0.96% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DAL has been the subject of a number of research reports. Wolfe Research increased their target price on shares of Delta Air Lines from $56.00 to $63.00 in a research report on Monday, July 14th. HSBC increased their target price on shares of Delta Air Lines from $64.00 to $69.20 in a research report on Friday, July 11th. UBS Group set a $72.00 price target on shares of Delta Air Lines in a report on Friday, July 11th. Susquehanna Bancshares increased their price target on shares of Delta Air Lines from $51.00 to $65.00 and gave the stock a "positive" rating in a report on Friday, July 11th. Finally, Susquehanna set a $65.00 price target on shares of Delta Air Lines and gave the stock a "positive" rating in a 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 company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.

Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DAL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.