The Advantus Capital Management Inc Sells 1,485 Shares of Delta Air Lines Inc. (DAL)

The Advantus Capital Management Inc Sells 1,485 Shares of Delta Air Lines Inc. (DAL)

Advantus Capital Management Inc decreased its position in shares of Delta Air Lines Inc. (NYSE:DAL) by 2.0% during the third quarter, Holdings Channel reports. The institutional investor owned 73,592 shares of the company’s stock after selling 1,485 shares during the period. Advantus Capital Management Inc’s holdings in Delta Air Lines were worth $2,897,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DAL. Calamos Advisors LLC increased its position in Delta Air Lines by 29.0% in the second quarter. Calamos Advisors LLC now owns 757,636 shares of the company’s stock worth $27,601,000 after buying an additional 170,443 shares in the last quarter. First Dallas Securities Inc. increased its position in Delta Air Lines by 37.4% in the second quarter. First Dallas Securities Inc. now owns 11,204 shares of the company’s stock worth $408,000 after buying an additional 3,051 shares in the last quarter. American Century Companies Inc. increased its position in Delta Air Lines by 33.3% in the second quarter. American Century Companies Inc. now owns 3,192,279 shares of the company’s stock worth $116,295,000 after buying an additional 798,246 shares in the last quarter. Candriam Luxembourg S.C.A. increased its position in Delta Air Lines by 10.4% in the second quarter. Candriam Luxembourg S.C.A. now owns 214,618 shares of the company’s stock worth $7,819,000 after buying an additional 20,243 shares in the last quarter. Finally, WealthTrust Axiom LLC increased its position in Delta Air Lines by 1.1% in the second quarter. WealthTrust Axiom LLC now owns 45,406 shares of the company’s stock worth $1,654,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 80.98% of the company’s stock.

Shares of Delta Air Lines Inc. (NYSE:DAL) traded down 0.80% during trading on Thursday, hitting $49.90. 5,031,885 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $50.01 and its 200-day moving average price is $42.42. The stock has a market cap of $36.53 billion, a PE ratio of 8.62 and a beta of 0.92. Delta Air Lines Inc. has a 1-year low of $32.60 and a 1-year high of $52.76.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, January 12th. The company reported $0.82 EPS for the quarter, hitting analysts’ consensus estimates of $0.82. Delta Air Lines had a net margin of 11.03% and a return on equity of 33.59%. The business had revenue of $9.46 billion for the quarter, compared to analyst estimates of $9.40 billion. During the same period last year, the firm earned $1.18 earnings per share. Delta Air Lines’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities analysts expect that Delta Air Lines Inc. will post $5.31 earnings per share for the current fiscal year.

Several brokerages recently commented on DAL. Vetr upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $52.58 target price on the stock in a report on Tuesday. Imperial Capital reiterated an “in-line” rating and issued a $52.00 target price on shares of Delta Air Lines in a report on Friday, December 23rd. Morgan Stanley reiterated an “overweight” rating on shares of Delta Air Lines in a report on Saturday, January 7th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $57.00 target price (up previously from $44.00) on shares of Delta Air Lines in a report on Wednesday, December 21st. Finally, Bank of America Corp. set a $60.00 target price on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Tuesday, October 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. Delta Air Lines currently has an average rating of “Buy” and an average price target of $55.62.

In related news, CEO Edward H. Bastian sold 103,000 shares of the firm’s stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $50.77, for a total transaction of $5,229,310.00. Following the transaction, the chief executive officer now directly owns 275,202 shares of the company’s stock, valued at $13,972,005.54. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Joanne D. Smith sold 1,970 shares of the firm’s stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $50.72, for a total transaction of $99,918.40. Following the transaction, the executive vice president now directly owns 69,322 shares in the company, valued at $3,516,011.84. The disclosure for this sale can be found here. Insiders have sold 291,989 shares worth $13,476,852.09 Over the last ninety days. 0.75% of the stock is currently owned by company insiders.

About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s operates through segments, including Airline Segment and Refinery Segment. The Airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the United States and around the world and other ancillary airline services.

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