Summit Securities Group LLC Acquires 10,100 Shares of Delta Air Lines, Inc. (DAL)

Summit Securities Group LLC raised its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 97.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,500 shares of the transportation company’s stock after purchasing an additional 10,100 shares during the quarter. Summit Securities Group LLC’s holdings in Delta Air Lines were worth $1,023,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Putnam Investments LLC increased its stake in Delta Air Lines by 0.4% in the third quarter. Putnam Investments LLC now owns 858,663 shares of the transportation company’s stock valued at $49,657,000 after purchasing an additional 3,178 shares during the period. Truvestments Capital LLC acquired a new position in Delta Air Lines in the third quarter valued at $143,000. BP PLC acquired a new position in Delta Air Lines in the third quarter valued at $1,330,000. DekaBank Deutsche Girozentrale increased its stake in shares of Delta Air Lines by 3.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 334,754 shares of the transportation company’s stock worth $19,612,000 after acquiring an additional 10,664 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of Delta Air Lines by 14.1% during the third quarter. Bank of Montreal Can now owns 978,434 shares of the transportation company’s stock worth $56,582,000 after acquiring an additional 120,676 shares during the period. Institutional investors own 87.72% of the company’s stock.

In related news, CEO Edward H. Bastian sold 60,000 shares of the business’s stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $50.00, for a total transaction of $3,000,000.00. Following the sale, the chief executive officer now owns 326,943 shares of the company’s stock, valued at $16,347,150. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director George N. Mattson acquired 4,000 shares of the firm’s stock in a transaction that occurred on Monday, December 17th. The shares were bought at an average cost of $52.87 per share, for a total transaction of $211,480.00. Following the acquisition, the director now owns 72,530 shares of the company’s stock, valued at approximately $3,834,661.10. The disclosure for this purchase can be found here. 0.33% of the stock is currently owned by insiders.



A number of brokerages have recently issued reports on DAL. Stephens reiterated a “buy” rating and set a $68.00 price target on shares of Delta Air Lines in a research note on Monday, October 1st. Citigroup dropped their price target on shares of Delta Air Lines from $65.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, October 3rd. Cowen reiterated an “outperform” rating and set a $67.00 price target on shares of Delta Air Lines in a research note on Friday, December 14th. Macquarie set a $69.00 price target on shares of Delta Air Lines and gave the stock a “buy” rating in a research note on Monday, October 8th. Finally, Bank of America set a $67.00 price target on shares of Delta Air Lines and gave the stock a “buy” rating in a research note on Wednesday, October 3rd. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Delta Air Lines has a consensus rating of “Buy” and a consensus price target of $67.22.

DAL stock traded up $0.20 during trading on Wednesday, reaching $47.30. 8,098,773 shares of the company were exchanged, compared to its average volume of 9,470,399. The company has a market cap of $32.99 billion, a P/E ratio of 8.37, a P/E/G ratio of 0.56 and a beta of 1.13. Delta Air Lines, Inc. has a 52-week low of $45.08 and a 52-week high of $61.32. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 1.03.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Tuesday, January 15th. The transportation company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.03. The firm had revenue of $10.74 billion for the quarter, compared to the consensus estimate of $10.71 billion. Delta Air Lines had a net margin of 8.78% and a return on equity of 29.43%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.96 earnings per share. On average, equities research analysts expect that Delta Air Lines, Inc. will post 6.52 earnings per share for the current year.

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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 route network is centered on a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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