According to the most recent report that Kestra Advisory Services LLC has provided to the Securities and Exchange Commission, the company’s holdings in Delta Air Lines, Inc. (NYSE: DAL) were reduced by 22.6% during the third quarter of 2018. Following the completion of the transaction involving the sale of 44,696 shares of stock in the transportation company throughout the period, the corporation was left in possession of 153,241 shares of the total stock held by the company. According to the most recent report that Kestra Advisory Services LLC has filed with the SEC, the company has determined that Delta Air Lines is worth $4,300,000.
Several other institutional investors recently made alterations to the holdings of DAL. During the second quarter, Lindbrook Capital LLC achieved a 207.4% increase in its shares in Delta Air Lines. After purchasing an additional 672 shares during the most recent quarter, Lindbrook Capital LLC now has 996 shares of the transportation company’s stock, giving the holding company a market value of $29,000. These shares were obtained for $672 per individual share. During the third quarter, First Premier Bank completed a 151.7% increase in the amount of stock in Delta Air Lines that it owned. First PREMIER Bank is now the owner of 1,095 shares of the transportation company after purchasing an additional 660 shares during the most recent quarter, bringing the total number of shares owned by the bank to 1,095. These shares are currently valued at $31,000. During the third quarter, JFS Wealth Advisors LLC completed the acquisition of an additional 75.2% of Delta Air Lines, bringing its total ownership of the company to 100%. After making an additional purchase of 480 shares during the most recent quarter, JFS Wealth Advisors LLC now holds 1,118 shares of the transportation company’s stock, giving the portfolio a value of $31,000. Because of this, the investment advisory firm’s total shares now amount to 1,118. During the second quarter of this year, the value of Clearview Wealth Advisors LLC’s ownership stake in Delta Air Lines increased by 450.0%. Following the acquisition of an additional 900 shares during the most recent quarter, Clearview Wealth Advisors LLC now holds 1,100 shares of the stock held by the transportation company.
The current market value of these shares is $32,000. These shares were purchased for a price tag of $900 per individual share. And finally, during the second quarter, Fieldpoint Private Securities LLC successfully increased the percentage of Delta Air Lines stock owned by 1,306.6 percent. After purchasing an additional 1,189 shares during the most recent quarter, Fieldpoint Private Securities LLC now owns 1,280 shares of the transportation company’s stock, which is $37,000. During the most recent quarter, Fieldpoint Private Securities LLC purchased these shares. These shares could have been purchased for a total of $19,000. Currently, 66.47% of the company’s shares are held by institutional investors such as hedge funds and other types of institutional investors.
When trading started on Thursday, Delta Air Lines’s share price was $38.38 per share. The debt-to-equity ratio is 3.20, the current ratio is 0.50, and the quick ratio is 0.45. All of these numbers are in ratio form. These numbers are all presented in the form of a ratio. The stock’s price is currently trading at $34.78 above its simple moving average of 50 days, which is $32.84 below its simple moving average of 200 days. The company’s market capitalization is $24.61 billion, and its price-to-earnings ratio is 18.81. The company’s beta is 1.20, and its value on the stock market is 1.20. 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.
A great number of research companies have recently provided the most up-to-date thoughts that they have on DAL. In a research report that was made public on January 11, 2019, Jefferies Financial Group stated that they had increased their target price for Delta Air Lines shares from $40.00 to $45.00. Delta Air Lines’ rating was upgraded by Cowen from “market perform” to “outperform” in a research note that was published on Friday, October 14, and the investment firm also established a price objective of $54.00 for the company. Delta Air Lines was moved from a “hold” rating to a “buy” rating and given a price objective of $39.00 by Argus in a research report published on Thursday, January 5. Argus also set a price objective of $40.00 for the stock. In a report released on Tuesday, Raymond James increased their price objective for Delta Air Lines from $52.00 to $53.00 and classified the company as a “strong buy.” Bank of America increased the price target it had previously established for Delta Air Lines from $40.00 to $43.00 based on research that was made public on January 10, 2019. The company’s stock was given a buy rating by seventeen out of the eighteen research analysts who covered the company, and one of those analysts gave it a strong buy rating. The information from Bloomberg.com indicates that the current consensus target price for Delta Air Lines stock is $49.44 and the current average rating for the company is “Buy.”
On Friday, October 28, company Executive Vice President Joanne D. Smith sold 2,000 shares of the company’s stock, as reported in another news piece. This follows on the heels of other recent occurrences. A total of 68,380.00 dollars’ worth of the company’s stock was sold for $34.19 per share, bringing in a total of $68,380.00. As a direct consequence of the transaction, the company’s executive vice president now owns 111,153 shares of the company, the total value of which is approximately $3,800,321.07. The Securities and Exchange Commission was given legal documents about the transaction, which were subsequently uploaded to the SEC website after being provided to the SEC. A total of 0.84% of the company’s shares are held in private hands by company employees.
The operation of regularly scheduled passenger and cargo flights, both within the United States and internationally, falls under the purview of Delta Air Lines, Inc. The corporation can be divided into two main divisions: the refinery industry and the airline business. It centered its domestic network on core hubs in Atlanta, Minneapolis-Saint Paul, Detroit, and Salt Lake City when it was first established. Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle are the coastal hub positions that the company currently holds. Airports in Amsterdam, Mexico City, London (Heathrow), Paris (Charles de Gaulle), and Seoul (Incheon) were selected to serve as hubs for the company’s international network and to develop a market presence for the business.