According to the most recent report that was filed with the SEC, Intrust Bank NA grew the number of shares of Delta Air Lines, INC (NYSE: DAL) that it owned by 33.2% during the third quarter. Following the completion of the period, the fund held a total of 17,408 shares of the stock held by the transportation company.
During that period, the fund purchased an additional 4,342 shares.
At the end of the most recent reporting period, Intrust Bank NA determined that the value of Delta Air Lines should be $489,000 at the very most.
Several institutional investors and other hedge funds recently altered the proportion of the company’s stock they owned in response to recent market events.
During the third quarter, Zurcher Kantonalbank increased its ownership of Delta Air Lines by purchasing an additional 18.9 percent of the company. Zurcher Kantonalbank is a Swiss bank.
As a result of the most recent fiscal quarter coming to a close, Zurich Cantonalbank is now the owner of 118,803 shares of the transportation company.
These shares are currently valued at $3,334,000 because the most recent quarter has closed.
During the third quarter, Easterly Investment Partners LLC successfully increased the number of shares in Delta Air Lines owned by 38.2%.
Easterly Investment Partners LLC now holds a total of 334,573 stock held by the transportation company following the acquisition of an additional 92,437 shares during the most recent quarter.
The value of the firm’s holdings in the stock comes to a combined $9,389,000.
Edmond DE Rothschild Holding S.A.
Increased the amount of Delta Air Lines stock owned by 8.3 percent during the third quarter.
Edmond DE Rothschild Holding S.A. now has a total of 521,713 shares of the transportation company’s stock after purchasing an additional 40,000 shares over the most recent quarter.
The stock is currently valued at $14,639,000. Orion Portfolio Solutions LLC increased the proportion of Delta Air Lines stock owned by 21.7% during the third quarter. Following the acquisition of an additional 1,708 shares during the most recent quarter, Orion Portfolio Solutions LLC now holds 9,585 shares of the transportation company’s stock.
Each share of this stock is currently worth $269,000, giving the company a market value of $269,000. Orion Portfolio Solutions LLC made a previous purchase of 9,585 shares of the company’s stock.
During the third quarter, the South Dakota Investment Council increased the amount of Delta Air Lines stock owned by 0.6%, making this the last and most important point.
The South Dakota Investment Council now owns 376,509 shares of the transportation company after making an additional purchase of 2,164 shares during the most recent quarter.
The current value of the South Dakota Investment Council’s holdings in the transportation company is a total of $10,565,000. Currently, 66.47% of the company’s shares are owned by institutional investors such as hedge funds and other types of institutional investors.
In other news about this topic, on February 2, Senior Vice President and General Counsel William C. Carroll sold 5,481 shares of the company’s stock.
The final price of each share, which was ultimately sold for a total of 219,294.99 dollars, was determined to be $40.01, the average price purchasers paid.
As a result of the successful completion of the transaction, the senior vice president now directly owns 8,720 shares of the company.
The current market price for these shares is $348,887.20.
If you follow this link, you will be taken to the SEC filing in which the sale was disclosed.
Please click on this link to proceed.
According to news released by the relevant company, Senior Vice President William C. Carroll sold 15,529 Delta Air Lines stock on Tuesday, January 17.
The price of each share was averaged out to be $38.20, which resulted in the sale of the stock bringing in a total of $593,207.80.
Because of the transaction, the firm’s senior vice president now owns 16,780 shares of the company’s stock, which is equivalent to a value of $640,996. You will be taken to the SEC filing in which the sale was revealed if you click this link.
In addition, on February 2, 5,481 shares of the company’s stock were sold by William C. Carroll, the company’s senior vice president.
The final price of each share, which was ultimately sold for a total of 219,294.99 dollars, was determined to be $40.01, the average price purchasers paid. Following the completion of the sale, the senior vice president now directly owns 8,720 shares of the company’s stock, which have a value of $348,887.20.
This is where you may see the disclosure that pertains to the sale.
Insiders hold 0.84% of the company’s shares of stock.
The price of a share of DAL’s stock was $39.44 when trading began on Thursday.
Both $27.20 and $46.27 can be found on the list of the lowest and highest points Delta Air Lines, INC experienced over the previous year.
The stock is currently trading at $36.15, while its 50-day simple moving average is $33.75 and its 200-day simple moving average is $33.75.
The price-to-earnings ratio for the company is 19.33, and its beta value is 1.26.
The company’s total value, as measured by its market capitalization, is $25.29 billion.
There is a ratio of 3.20 for the debt-to-equity ratio, a ratio of 0.45 for the quick ratio to the current ratio, and a ratio of 0.50 for the current ratio to the quick ratio.
On Friday, January 13, Delta Air Lines announced the release of its most recent quarterly earnings report, which can be located on the company’s website under the ticker symbol “DAL.” The transportation company’s quarterly earnings per share came in at $1.48, which was $0.17 higher than the consensus estimate of $1.31.
The earnings were reported for the previous quarter.
The positive results of Delta Air Lines’s performance can be seen in its net margin of 2.61% and its return on equity of 46.01%.
The company brought in revenue of $13.44 billion during the quarter, which was higher than the projections made by analysts, who anticipated the company’s performance during the period would result in sales of $13.03 billion.
Equity research experts have projected that Delta Air Lines, INC will finish the current fiscal year with profits of 5.2 cents per share, which will be distributed to shareholders.
The DAL stock has recently been the subject of commentary from a diverse group of equity research professionals.
Redburn Partners changed its recommendation for Delta Air Lines from “neutral” to “buy” in a research report made available to the public on Wednesday.
The firm also set a price objective of $55.00 for the company.
In a research report made available to the public on Friday, December 16, Goldman Sachs Group announced that it would begin providing coverage on the shares of Delta Air Lines.
They suggested that investors purchase the stock and establish a price objective of $40 per share. Cowen upgraded its rating of Delta Air Lines from “market perform” to “outperform” and established a price objective of $54.00 for the company in a research report that was made public on Friday, October 14.
In a research report that was made public on January 11, 2019, Jefferies Financial Group announced that they had raised their price objective on Delta Air Lines shares from $40.00 to $45.00.
Leave a comment