Chartwell Investment Partners LLC Has $3.06 Million Position in Delta Air Lines, Inc. (NYSE:DAL)

Chartwell Investment Partners LLC increased its position in Delta Air Lines, Inc. (NYSE:DAL) by 2.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 109,209 shares of the transportation company’s stock after buying an additional 2,541 shares during the period. Chartwell Investment Partners LLC’s holdings in Delta Air Lines were worth $3,063,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in DAL. Macquarie Group Ltd. raised its stake in Delta Air Lines by 68.3% during the 4th quarter. Macquarie Group Ltd. now owns 362,870 shares of the transportation company’s stock valued at $21,221,000 after purchasing an additional 147,303 shares during the last quarter. Norges Bank acquired a new position in Delta Air Lines in the fourth quarter worth about $116,385,000. Franklin Resources Inc. raised its position in Delta Air Lines by 11.2% in the fourth quarter. Franklin Resources Inc. now owns 233,559 shares of the transportation company’s stock worth $13,658,000 after purchasing an additional 23,501 shares in the last quarter. American National Bank raised its position in Delta Air Lines by 23.2% in the first quarter. American National Bank now owns 126,758 shares of the transportation company’s stock worth $3,616,000 after purchasing an additional 23,852 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in Delta Air Lines by 7.2% in the first quarter. State of Alaska Department of Revenue now owns 186,792 shares of the transportation company’s stock worth $5,328,000 after purchasing an additional 12,617 shares in the last quarter. Hedge funds and other institutional investors own 75.27% of the company’s stock.

In other news, Director David S. Taylor bought 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was acquired at an average cost of $21.95 per share, for a total transaction of $65,850.00. Following the purchase, the director now owns 8,460 shares of the company’s stock, valued at approximately $185,697. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.63% of the stock is owned by insiders.

Shares of Delta Air Lines stock opened at $24.97 on Friday. The stock has a market cap of $15.93 billion, a P/E ratio of -4.28 and a beta of 1.25. The company has a quick ratio of 0.91, a current ratio of 0.94 and a debt-to-equity ratio of 2.85. Delta Air Lines, Inc. has a 12-month low of $17.51 and a 12-month high of $62.53. The business’s 50 day moving average is $27.74 and its 200-day moving average is $35.14.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Tuesday, July 14th. The transportation company reported ($4.43) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($4.24) by ($0.19). The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.40 billion. Delta Air Lines had a negative return on equity of 4.02% and a negative net margin of 10.74%. Delta Air Lines’s quarterly revenue was down 88.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.35 earnings per share. On average, sell-side analysts expect that Delta Air Lines, Inc. will post -8.77 EPS for the current year.

DAL has been the subject of several recent research reports. Deutsche Bank dropped their price target on shares of Delta Air Lines from $51.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Citigroup upped their price objective on shares of Delta Air Lines from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Credit Suisse Group reaffirmed a “market perform” rating and set a $42.00 price objective on shares of Delta Air Lines in a research note on Friday, June 12th. Barclays cut shares of Delta Air Lines from an “overweight” rating to an “equal weight” rating in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Delta Air Lines from $46.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $50.22.

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

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

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