Commerce Bank Raises Position in Delta Air Lines, Inc. (DAL)

Commerce Bank boosted its stake in Delta Air Lines, Inc. (NYSE:DAL) by 4.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 22,743 shares of the transportation company’s stock after buying an additional 941 shares during the period. Commerce Bank’s holdings in Delta Air Lines were worth $1,045,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Beach Investment Management LLC. purchased a new stake in shares of Delta Air Lines during the first quarter valued at $861,000. Engineers Gate Manager LP purchased a new stake in shares of Delta Air Lines during the first quarter valued at $1,659,000. Parkwood LLC boosted its stake in shares of Delta Air Lines by 19.1% in the first quarter. Parkwood LLC now owns 68,731 shares of the transportation company’s stock valued at $3,159,000 after buying an additional 11,006 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Delta Air Lines by 40.9% in the first quarter. Sei Investments Co. now owns 727,067 shares of the transportation company’s stock valued at $33,416,000 after buying an additional 211,121 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new stake in shares of Delta Air Lines during the first quarter valued at $12,818,000. 79.44% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

Delta Air Lines, Inc. (NYSE:DAL) traded up 0.33% during midday trading on Wednesday, hitting $48.75. The company had a trading volume of 2,968,347 shares. The stock has a 50 day moving average price of $46.90 and a 200-day moving average price of $48.31. The stock has a market capitalization of $35.49 billion, a PE ratio of 8.99 and a beta of 0.75. Delta Air Lines, Inc. has a 52 week low of $32.60 and a 52 week high of $52.76. Delta Air Lines also was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 38,075 call options on the stock. This represents an increase of approximately 198% compared to the average volume of 12,787 call options.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Wednesday, April 12th. The transportation company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.04. The firm had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.14 billion. Delta Air Lines had a net margin of 11.03% and a return on equity of 33.59%. Delta Air Lines’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.32 earnings per share. On average, equities analysts predict that Delta Air Lines, Inc. will post $5.12 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Friday, May 19th will be given a $0.2025 dividend. This represents a $0.81 annualized dividend and a yield of 1.67%. The ex-dividend date is Wednesday, May 17th. Delta Air Lines’s dividend payout ratio (DPR) is 14.04%.

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Several equities research analysts recently weighed in on the company. Imperial Capital reaffirmed an “in-line” rating and issued a $52.00 price target on shares of Delta Air Lines in a research note on Friday, May 19th. Citigroup Inc upped their price target on Delta Air Lines from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, May 12th. Vetr raised Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $54.35 price target on the stock in a research note on Monday, May 8th. Deutsche Bank AG upped their price target on Delta Air Lines from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, April 18th. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $58.00 price target on shares of Delta Air Lines in a research note on Monday, April 17th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $53.26.

In other Delta Air Lines news, CFO Paul A. Jacobson sold 20,100 shares of the company’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $50.09, for a total value of $1,006,809.00. Following the completion of the transaction, the chief financial officer now owns 386,070 shares in the company, valued at approximately $19,338,246.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Francis S. Blake bought 5,665 shares of the firm’s stock in a transaction on Monday, April 17th. The stock was purchased at an average price of $44.12 per share, with a total value of $249,939.80. Following the transaction, the director now owns 24,187 shares in the company, valued at approximately $1,067,130.44. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 274,165 shares of company stock valued at $271,620 and sold 49,575 shares valued at $2,441,266. 0.75% of the stock is currently owned by corporate insiders.

About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

12 Month Chart for NYSE:DAL

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