Kendall Capital Management Sells 2,180 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Kendall Capital Management decreased its position in Delta Air Lines, Inc. (NYSE:DAL) by 28.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,435 shares of the transportation company’s stock after selling 2,180 shares during the period. Kendall Capital Management’s holdings in Delta Air Lines were worth $262,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DAL. Oder Investment Management LLC bought a new position in Delta Air Lines in the 4th quarter worth about $25,000. Reby Advisors LLC bought a new position in Delta Air Lines during the 4th quarter valued at about $25,000. South State CORP. bought a new position in Delta Air Lines during the 4th quarter valued at about $27,000. Albion Financial Group UT bought a new position in Delta Air Lines during the 4th quarter valued at about $28,000. Finally, West Oak Capital LLC lifted its stake in Delta Air Lines by 64.3% during the 1st quarter. West Oak Capital LLC now owns 575 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 225 shares during the period. Institutional investors own 59.48% of the company’s stock.

Delta Air Lines stock opened at $46.31 on Monday. The firm has a 50 day moving average of $47.06 and a 200 day moving average of $42.66. The firm has a market capitalization of $29.62 billion, a price-to-earnings ratio of -2.37 and a beta of 1.45. Delta Air Lines, Inc. has a 12-month low of $18.62 and a 12-month high of $52.28. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 8.88.

Delta Air Lines (NYSE:DAL) last released its earnings results on Wednesday, April 14th. The transportation company reported ($3.55) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.73) by ($0.82). The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Delta Air Lines had a negative return on equity of 39.69% and a negative net margin of 42.88%. The company’s revenue was down 60.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.51) earnings per share. On average, analysts predict that Delta Air Lines, Inc. will post -0.58 EPS for the current year.

Several equities analysts have issued reports on DAL shares. Deutsche Bank Aktiengesellschaft upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Monday, March 1st. Zacks Investment Research cut shares of Delta Air Lines from a “hold” rating to a “sell” rating and set a $48.00 target price on the stock. in a research note on Thursday, April 22nd. Argus upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Wednesday, January 20th. Cowen upped their target price on shares of Delta Air Lines from $44.00 to $53.00 and gave the company a “market perform” rating in a research note on Friday, April 9th. Finally, Morgan Stanley upped their price target on shares of Delta Air Lines from $55.00 to $72.00 and gave the company an “overweight” rating in a research report on Tuesday, April 13th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. Delta Air Lines presently has an average rating of “Hold” and a consensus target price of $47.85.

About Delta Air Lines

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, London-Heathrow, Mexico City, Paris-Charles de Gaulle, and Seoul-Incheon.

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

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