November 24, 2016 - By Pete Kolinski · 0 Comments
Delta Air Lines Inc (NYSE:DAL) institutional sentiment decreased to 0.74 in 2016 Q2. Its down -0.26, from 1 in 2016Q1. The ratio is negative, as 369 funds started new or increased positions, while 369 decreased and sold equity positions in Delta Air Lines Inc. The funds in our partner’s database reported: 620.66 million shares, down from 651.60 million shares in 2016Q1. Also, the number of funds holding Delta Air Lines Inc in their top 10 positions decreased from 47 to 33 for a decrease of 14. Sold All: 92 Reduced: 277 Increased: 294 New Position: 75.
Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The company has a market cap of $37.09 billion. The Company’s operates through divisions, including Airline Segment and Refinery Segment. It has a 7.96 P/E ratio. 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.
The stock increased 0.63% or $0.31 on November 23, hitting $49.21. Delta Air Lines, Inc. (NYSE:DAL) has risen 10.29% since April 22, 2016 and is uptrending. It has outperformed by 4.88% the S&P500.
Analysts await Delta Air Lines, Inc. (NYSE:DAL) to report earnings on January, 17. They expect $1.12 earnings per share, down 5.08% or $0.06 from last year’s $1.18 per share. DAL’s profit will be $844.15 million for 10.98 P/E if the $1.12 EPS becomes a reality. After $1.70 actual earnings per share reported by Delta Air Lines, Inc. for the previous quarter, Wall Street now forecasts -34.12% negative EPS growth.
According to Zacks Investment Research, “Delta is America’s fastest growing international carrier. Delta Air Lines offers customers service to more destinations than any global airline with Delta and Delta Connection carrier service. Delta has added more international capacity than all other U.S. airlines combined and is the leader across the Atlantic.”
Knighthead Capital Management Llc holds 11.25% of its portfolio in Delta Air Lines, Inc. for 548,000 shares. D.C. Capital Advisors Ltd owns 500,000 shares or 10.66% of their US portfolio. Moreover, Lansdowne Partners (Uk) Llp has 8.99% invested in the company for 26.47 million shares. The New York-based Stelliam Investment Management Lp has invested 7.58% in the stock. Pyrrho Capital Management Lp, a New York-based fund reported 65,000 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 2 insider purchases, and 9 insider sales for $37.03 million net activity.
Ratings analysis reveals 80% of Delta Air Lines’s analysts are positive. Out of 15 Wall Street analysts rating Delta Air Lines, 12 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $41 while the high is $74.50. The stock’s average target of $56.50 is 14.81% above today’s ($49.21) share price. DAL was included in 28 notes of analysts from August 3, 2015. The stock of Delta Air Lines, Inc. (NYSE:DAL) earned “Overweight” rating by Stephens on Tuesday, March 29. The company was initiated on Wednesday, August 24 by Imperial Capital. Imperial Capital maintained the stock with “In-Line” rating in Tuesday, November 22 report. The stock of Delta Air Lines, Inc. (NYSE:DAL) has “Buy” rating given on Monday, October 5 by Deutsche Bank. JP Morgan maintained Delta Air Lines, Inc. (NYSE:DAL) rating on Thursday, February 4. JP Morgan has “Overweight” rating and $66 price target. Morgan Stanley maintained Delta Air Lines, Inc. (NYSE:DAL) rating on Thursday, April 28. Morgan Stanley has “Overweight” rating and $59 price target. The rating was maintained by Argus Research with “Buy” on Wednesday, October 21. On Friday, July 15 the stock rating was maintained by Deutsche Bank with “Buy”. Argus Research maintained Delta Air Lines, Inc. (NYSE:DAL) rating on Wednesday, January 13. Argus Research has “Buy” rating and $60.0 price target. The rating was initiated by Bernstein with “Mkt Perform” on Tuesday, October 11.
Delta Air Lines, Inc. incorporated on March 16, 1967, provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s operates through divisions, including Airline Segment and Refinery Segment.
Another recent and important Delta Air Lines, Inc. (NYSE:DAL) news was published by Bloomberg.com which published an article titled: “Berkshire Bets on Airlines With Stakes in American, Delta” on November 14, 2016.
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By Pete Kolinski