Lido Advisors LLC grew its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 23.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,448 shares of the transportation company’s stock after purchasing an additional 2,204 shares during the period. Lido Advisors LLC’s holdings in Delta Air Lines were worth $567,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wagner Wealth Management LLC boosted its holdings in Delta Air Lines by 375.0% in the 1st quarter. Wagner Wealth Management LLC now owns 1,900 shares of the transportation company’s stock worth $104,000 after buying an additional 1,500 shares during the period. Fortis Advisors LLC boosted its holdings in Delta Air Lines by 99.1% in the 1st quarter. Fortis Advisors LLC now owns 2,389 shares of the transportation company’s stock worth $131,000 after buying an additional 1,189 shares during the period. Huntington National Bank boosted its holdings in Delta Air Lines by 73.8% in the 2nd quarter. Huntington National Bank now owns 2,701 shares of the transportation company’s stock worth $134,000 after buying an additional 1,147 shares during the period. Nvwm LLC boosted its holdings in Delta Air Lines by 558.5% in the 1st quarter. Nvwm LLC now owns 2,700 shares of the transportation company’s stock worth $140,000 after buying an additional 2,290 shares during the period. Finally, Summit Trail Advisors LLC boosted its holdings in Delta Air Lines by 569.8% in the 1st quarter. Summit Trail Advisors LLC now owns 19,356 shares of the transportation company’s stock worth $143,000 after buying an additional 16,466 shares during the period. Hedge funds and other institutional investors own 87.30% of the company’s stock.

DAL has been the subject of several analyst reports. Cfra reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Delta Air Lines in a report on Monday, June 18th. ValuEngine raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Thursday, May 24th. Deutsche Bank cut their price objective on shares of Delta Air Lines from $73.00 to $64.00 and set a “buy” rating for the company in a report on Thursday, June 7th. Buckingham Research cut their price objective on shares of Delta Air Lines from $76.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, June 7th. Finally, Citigroup cut their price target on shares of Delta Air Lines from $70.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, June 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Delta Air Lines currently has an average rating of “Buy” and a consensus price target of $66.61.

In related news, VP Craig M. Meynard sold 1,793 shares of Delta Air Lines stock in a transaction on Friday, July 27th. The shares were sold at an average price of $54.31, for a total value of $97,377.83. Following the transaction, the vice president now owns 7,170 shares in the company, valued at approximately $389,402.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Edward H. Bastian sold 35,000 shares of Delta Air Lines stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $55.00, for a total transaction of $1,925,000.00. Following the completion of the transaction, the chief executive officer now owns 266,943 shares in the company, valued at approximately $14,681,865. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,787 shares of company stock worth $6,276,276. Corporate insiders own 0.33% of the company’s stock.

Shares of Delta Air Lines stock traded up $0.11 on Friday, hitting $57.93. 3,436,913 shares of the company traded hands, compared to its average volume of 4,797,028. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.31 and a current ratio of 0.40. The stock has a market cap of $39.68 billion, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 0.51 and a beta of 1.06. Delta Air Lines, Inc. has a 12-month low of $47.12 and a 12-month high of $60.79.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, July 12th. The transportation company reported $1.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.05. The firm had revenue of $11.78 billion for the quarter, compared to analysts’ expectations of $11.73 billion. Delta Air Lines had a net margin of 7.72% and a return on equity of 26.75%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company posted $1.64 EPS. analysts predict that Delta Air Lines, Inc. will post 5.59 earnings per share for the current year.

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, 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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