11,212 Shares in Delta Air Lines, Inc. $DAL Purchased by NorthCrest Asset Manangement LLC

Key Points

• NorthCrest Asset Management purchased a stake in Delta Air Lines, acquiring 11,212 shares valued at approximately $570,000 during the second quarter.
• Several institutional investors, including Continuum Advisory LLC and Wealth Preservation Advisors LLC, have increased their holdings in Delta Air Lines, with 69.93% of the company's stock now owned by institutional investors.
• Research analysts have raised their price targets for Delta Air Lines, with Seaport Global Securities indicating a target increase from $69.00 to $80.00 and several others issuing Buy ratings.

NorthCrest Asset Manangement LLC acquired a new stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,212 shares of the transportation company's stock, valued at approximately $570,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Delta Air Lines by 0.7% in the first quarter. Vanguard Group Inc. now owns 72,924,506 shares of the transportation company's stock valued at $3,179,508,000 after buying an additional 514,264 shares in the last quarter. Invesco Ltd. increased its stake in Delta Air Lines by 30.2% during the 1st quarter. Invesco Ltd. now owns 7,242,852 shares of the transportation company's stock worth $315,788,000 after buying an additional 1,681,464 shares in the last quarter. AQR Capital Management LLC increased its stake in Delta Air Lines by 149.9% during the 1st quarter. AQR Capital Management LLC now owns 5,963,882 shares of the transportation company's stock worth $246,487,000 after buying an additional 3,577,489 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Delta Air Lines by 66.9% during the 1st quarter. Bank of New York Mellon Corp now owns 5,915,545 shares of the transportation company's stock worth $257,918,000 after buying an additional 2,370,795 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in Delta Air Lines by 5,224.6% during the 1st quarter. Pacer Advisors Inc. now owns 4,336,709 shares of the transportation company's stock worth $189,081,000 after buying an additional 4,255,262 shares in the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Delta Air Lines news, Director Michael P. Huerta sold 2,500 shares of the firm'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 in the company, valued at $2,017,971.50. This trade represents a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Peter W. Carter sold 17,550 shares of the firm's 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 completion of the sale, the executive vice president owned 191,442 shares in the company, valued at approximately $10,948,567.98. This represents a 8.40% decrease in their ownership of the stock. 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 90 days. 0.96% of the stock is currently owned by corporate insiders.

Delta Air Lines Stock Up 0.1%

Shares of NYSE DAL traded up $0.06 during mid-day trading on Tuesday, hitting $58.95. The company had a trading volume of 2,133,940 shares, compared to its average volume of 10,329,562. The company has a market capitalization of $38.49 billion, a PE ratio of 8.55, a price-to-earnings-growth ratio of 1.82 and a beta of 1.51. 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, Inc. has a 1-year low of $34.74 and a 1-year high of $69.98. The business's 50-day simple moving average is $57.95 and its 200 day simple moving average is $50.58.

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

Analyst Upgrades and Downgrades

DAL has been the subject of several research reports. Barclays boosted their price objective on Delta Air Lines from $58.00 to $65.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Susquehanna Bancshares boosted their price objective on Delta Air Lines from $51.00 to $65.00 and gave the stock a "positive" rating in a research note on Friday, July 11th. TD Cowen upped their price target on Delta Air Lines from $55.00 to $66.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Susquehanna set a $65.00 price target on Delta Air Lines and gave the company a "positive" rating in a research report on Friday, July 11th. Finally, Morgan Stanley upped their price target 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 analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $66.56.

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.