Lakeshore Financial Planning Inc. Invests $223,000 in Delta Air Lines, Inc. $DAL

Key Points

• Lakeshore Financial Planning Inc. invested approximately $223,000 in Delta Air Lines by acquiring 4,528 shares in the second quarter, indicating interest from institutional investors.
• Multiple research analysts have raised their target prices for Delta Air Lines, with Susquehanna Bancshares increasing it to $65.00 and TD Cowen to $66.00, overall reflecting a consensus rating of "Moderate Buy."
• Delta Air Lines reported earnings of $2.10 per share for the last quarter, surpassing estimates, though revenue slightly declined year-over-year, at $15.51 billion.

Lakeshore Financial Planning Inc. bought a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,528 shares of the transportation company's stock, valued at approximately $223,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC increased its stake in shares of Delta Air Lines by 5.9% during the first quarter. Janney Montgomery Scott LLC now owns 161,395 shares of the transportation company's stock valued at $7,037,000 after purchasing an additional 9,034 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Delta Air Lines by 2.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,690,361 shares of the transportation company's stock valued at $160,900,000 after acquiring an additional 92,772 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of Delta Air Lines by 152.3% during the first quarter. Exchange Traded Concepts LLC now owns 12,567 shares of the transportation company's stock valued at $548,000 after acquiring an additional 7,586 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Delta Air Lines by 8.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 39,374 shares of the transportation company's stock valued at $1,670,000 after acquiring an additional 2,973 shares in the last quarter. Finally, Jefferies Financial Group Inc. increased its position in shares of Delta Air Lines by 1,169.4% during the first quarter. Jefferies Financial Group Inc. now owns 7,248 shares of the transportation company's stock valued at $316,000 after acquiring an additional 6,677 shares in the last quarter. Institutional investors own 69.93% of the company's stock.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock traded down $0.83 on Monday, hitting $58.93. 7,148,389 shares of the company's stock were exchanged, compared to its average volume of 7,434,509. 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 1 year low of $34.74 and a 1 year high of $69.98. The company has a 50-day simple moving average of $57.95 and a 200-day simple moving average of $50.58. The stock has a market capitalization of $38.48 billion, a PE 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 released its earnings results on Thursday, July 10th. The transportation company reported $2.10 earnings per share 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 company had revenue of $15.51 billion for the quarter, compared to analysts' expectations of $16.16 billion. During the same quarter in the previous year, the company earned $2.36 EPS. Delta Air Lines's revenue for the quarter was down .1% on a year-over-year basis. As a group, equities analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. BNP Paribas Exane raised their price target on shares of Delta Air Lines from $58.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday, July 11th. Citigroup raised their target price on shares of Delta Air Lines from $62.00 to $65.50 and gave the stock a "buy" rating in a report on Friday, July 11th. JPMorgan Chase & Co. lifted their target price on shares of Delta Air Lines from $72.00 to $85.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Bernstein Bank lifted their target price on shares of Delta Air Lines from $60.00 to $66.00 and gave the stock an "outperform" rating in a research report on Friday, July 11th. Finally, Susquehanna set a $65.00 target price on shares of Delta Air Lines and gave the stock a "positive" rating in a research report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Delta Air Lines presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.56.

Insider Buying and Selling

In other Delta Air Lines news, EVP Peter W. Carter sold 17,550 shares of Delta Air Lines stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $57.19, for a total value of $1,003,684.50. Following the sale, the executive vice president directly owned 191,442 shares in the company, valued at approximately $10,948,567.98. The trade was a 8.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Alain Bellemare sold 45,423 shares of Delta Air Lines stock in a transaction 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 completion of the sale, the executive vice president owned 131,731 shares in the company, valued at approximately $7,318,974.36. This represents a 25.64% 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 worth $7,663,496 in the last 90 days. 0.96% of the stock is owned by company 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 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.