Mn Services Vermogensbeheer B.V. Makes New Investment in Delta Air Lines, Inc. $DAL

Key Points

• Mn Services Vermogensbeheer B.V. has acquired a new investment in Delta Air Lines, purchasing 61,000 shares valued at approximately $3 million in the second quarter.
• Delta Air Lines reported $2.10 earnings per share for its latest quarter, beating estimates but showing a 0.1% decline in year-over-year revenue.
• Several analysts have increased their price targets for Delta Air Lines, with a consensus target now at $66.56 and a majority rating of "Moderate Buy."

Mn Services Vermogensbeheer B.V. bought a new position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 61,000 shares of the transportation company's stock, valued at approximately $3,000,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Continuum Advisory LLC grew its position in Delta Air Lines by 44.2% in the fourth quarter. Continuum Advisory LLC now owns 584 shares of the transportation company's stock worth $35,000 after acquiring an additional 179 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new position in Delta Air Lines in the first quarter worth $31,000. Zions Bancorporation National Association UT purchased a new position in Delta Air Lines in the first quarter worth $33,000. Hara Capital LLC purchased a new position in Delta Air Lines in the first quarter worth $35,000. Finally, Bernard Wealth Management Corp. purchased a new position in Delta Air Lines in the fourth quarter worth $51,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Sanford C. Bernstein reiterated an "outperform" rating on shares of Delta Air Lines in a research report on Friday, July 11th. Barclays boosted their price target on shares of Delta Air Lines from $58.00 to $65.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Citigroup boosted their price target on shares of Delta Air Lines from $62.00 to $65.50 and gave the stock a "buy" rating in a research note on Friday, July 11th. Wolfe Research boosted their price target on shares of Delta Air Lines from $56.00 to $63.00 in a research note on Monday, July 14th. Finally, UBS Group set a $72.00 price target on shares of Delta Air Lines in a research note on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Delta Air Lines currently has an average rating of "Moderate Buy" and an average price target of $66.56.

Delta Air Lines Trading Down 1.4%

DAL stock traded down $0.83 during trading on Monday, reaching $58.93. The company had a trading volume of 7,148,389 shares, compared to its average volume of 10,375,358. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98. The company has a market cap of $38.48 billion, a P/E ratio of 8.54, a PEG ratio of 1.82 and a beta of 1.51. The business has a 50 day moving average of $57.94 and a 200 day moving average of $50.54. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.38 and a quick ratio of 0.33.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings results on Thursday, July 10th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $16.16 billion. During the same period in the prior year, the firm earned $2.36 earnings per share. Delta Air Lines's revenue was down .1% on a year-over-year basis. As a group, sell-side analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Alain Bellemare sold 45,423 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $55.56, for a total value of $2,523,701.88. Following the completion of the transaction, the executive vice president directly owned 131,731 shares of the company's stock, valued at $7,318,974.36. This represents a 25.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael P. Huerta sold 2,500 shares of the company's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $60.70, for a total transaction of $151,750.00. Following the completion of the sale, the director owned 33,245 shares in the company, valued at approximately $2,017,971.50. This trade represents a 6.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 136,473 shares of company stock valued at $7,663,496 over the last quarter. 0.88% of the stock is currently owned by insiders.

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.