January 11, 2017 - By Linda Rogers · 0 Comments
Delta Air Lines Inc (NYSE:DAL) institutional sentiment decreased to 0.74 in 2016 Q3. Its down -0.26, from 1 in 2016Q2. The ratio dropped, as 292 funds increased and opened new equity positions, while 394 cut down and sold their equity positions in Delta Air Lines Inc. The funds in our partner’s database now hold: 592.62 million shares, down from 620.66 million shares in 2016Q2. Also, the number of funds holding Delta Air Lines Inc in their top 10 equity positions increased from 33 to 34 for an increase of 1. Sold All: 84 Reduced: 310 Increased: 216 New Position: 76.
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 $39.49 billion. The Company’s operates through divisions, including Airline Segment and Refinery Segment. It has a 8.32 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.
About 7.32 million shares traded hands or 0.27% up from the average. Delta Air Lines, Inc. (NYSE:DAL) has risen 20.97% since June 7, 2016 and is uptrending. It has outperformed by 13.55% the S&P500.
Analysts await Delta Air Lines, Inc. (NYSE:DAL) to report earnings on January, 17. They expect $1.12 EPS, down 5.08% or $0.06 from last year’s $1.18 per share. DAL’s profit will be $859.65M for 11.48 P/E if the $1.12 EPS becomes a reality. After $1.70 actual EPS 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.”
D.C. Capital Advisors Ltd holds 11.99% of its portfolio in Delta Air Lines, Inc. for 500,000 shares. Lansdowne Partners (Uk) Llp owns 26.76 million shares or 9.1% of their US portfolio. Moreover, Bain Capital Credit Lp has 8.11% invested in the company for 428,200 shares. The New York-based Stelliam Investment Management Lp has invested 7.91% in the stock. Seminole Management Co. Inc., a New York-based fund reported 1.06 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 2 insider purchases, and 12 selling transactions for $12.58 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 $57.21 is 11.22% above today’s ($51.44) share price. DAL was included in 30 notes of analysts from August 3, 2015. The company was maintained on Wednesday, January 13 by Argus Research. The rating was initiated by Bernstein with “Mkt Perform” on Tuesday, October 11. Argus Research maintained the shares of DAL in a report on Wednesday, October 21 with “Buy” rating. The firm has “Outperform” rating given on Wednesday, July 6 by Cowen & Co. Stephens initiated the stock with “Overweight” rating in Tuesday, March 29 report. The rating was maintained by Morgan Stanley with “Overweight” on Thursday, April 28. The firm has “Outperform” rating by Credit Suisse given on Tuesday, April 12. The stock of Delta Air Lines, Inc. (NYSE:DAL) has “In-Line” rating given on Friday, October 14 by Imperial Capital. The stock of Delta Air Lines, Inc. (NYSE:DAL) earned “In-Line” rating by Imperial Capital on Tuesday, November 22. Cowen & Co maintained the shares of DAL in a report on Friday, December 18 with “Outperform” rating.
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.
More notable recent Delta Air Lines, Inc. (NYSE:DAL) news were published by: Foxbusiness.com which released: “Delta Air Lines, Inc. Joins Its Peers, Raises Unit Revenue Guidance” on January 05, 2017, also Investorplace.com with their article: “How to Trade Delta Air Lines, Inc. (DAL) Stock AFTER Earnings” published on January 10, 2017, Fool.com published: “Delta Air Lines, Inc. and Aeromexico Join Forces” on December 22, 2016. More interesting news about Delta Air Lines, Inc. (NYSE:DAL) were released by: Fool.com and their article: “Will Delta Air Lines, Inc.’s Widebody Fleet Renewal Boost Earnings?” published on December 21, 2016 as well as Reuters.com‘s news article titled: “Delta Air Lines forecasts smaller drop in key revenue measure” with publication date: January 04, 2017.
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By Linda Rogers