Delta Air Lines Target of Unusually Large Options Trading (DAL)

Paterniano Del Favero
Agosto 11, 2017

Institutional investors and hedge funds own 87.65% of the company's stock. This is a positive change from Delta Air Lines's previous quarterly dividend of $0.20.

A number of other institutional investors also recently modified their holdings of DAL.

Janney Capital Management LLC cut its position in Delta Air Lines, Inc. TrimTabs Asset Management LLC increased its position in shares of Delta Air Lines by 88.8% in the first quarter. Somerset Trust Co now owns 29,216 shares of the transportation company's stock valued at $1,570,000 after buying an additional 140 shares in the last quarter. Finally, Stifel Nicolaus reiterated a "buy" rating on shares of Delta Air Lines in a research note on Friday, May 26th. AQR Capital Management LLC boosted its position in Delta Air Lines by 15.8% in the first quarter. US Bancorp DE now owns 1,381,854 shares of the transportation company's stock valued at $74,262,000 after buying an additional 181,027 shares during the last quarter. (NYSE:DAL). Bluecrest Capital Mngmt Ltd invested in 178,011 shares or 0.48% of the stock.

Delta Air Lines, Inc. has a one year low of $35.84 and a one year high of $55.75. The company has market cap of $7.15 billion. The stock had a trading volume of 2,445,844 shares. Bastian Edward H also sold $1.21M worth of Delta Air Lines, Inc. The stock's 50 day moving average price is $52.59 and its 200-day moving average price is $49.46.

Public Employees Retirement Association of Colorado lowered its stake in shares of Delta Air Lines, Inc. After $1.64 actual EPS reported by Delta Air Lines, Inc. for the previous quarter, Wall Street now forecasts 9.15% EPS growth. Kopp Inv Limited Liability Company holds 0.77% or 13,577 shares. Delta Air Lines, Inc. The business had revenue of $10.79 billion for the quarter, compared to analysts' expectations of $10.81 billion. During the same period in the prior year, the business posted $1.47 EPS. Additionally, Delta has ranked No.1 in the Business Travel News Annual Airline survey for an unprecedented six consecutive years.

The stock is trading at $49.04 which is well below the 50 day moving average which is $52.50 and which is marginally lower than the 200 day moving average of $49.45. The dividend is payable to shareholders of record as of the close of business on August 23, 2017 and will be paid on September 13, 2017. Citigroup raised the price target on Delta Air Lines from $63.00 to $65.00 and issued the shares a "buy" recommendation in a analysis report on Friday morning, May 12th. Shareholders of record on Wednesday, August 23rd will be issued a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 2.46%. The Pennsylvania-based Zeke Capital Limited Liability Corp has invested 0.06% in Delta Air Lines, Inc.

IBM Retirement Fund raised its position in Delta Air Lines, Inc. If you are viewing this story on another domain, it was stolen and reposted in violation of United States and worldwide trademark and copyright laws.

Gotham Asset Management Llc decreased Delta Air Lines Inc Del (DAL) stake by 32.76% reported in 2016Q4 SEC filing.

Several research analysts have recently weighed in on DAL shares. Vetr downgraded Delta Air Lines from a "strong-buy" rating to a "buy" rating and set a $52.43 target price on the a research report on Tuesday, May 2nd. Cypress Asset Inc Tx invested 0.07% in Delta Air Lines, Inc. Deutsche Bank AG reissued a "buy" rating and issued a $62.00 price target (up from $58.00) on shares of Delta Air Lines in a report on Friday, July 14th. ValuEngine raised Delta Air Lines from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, June 20th. They set an "overweight" rating and a $68.00 target price for the company. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, fifteen have issued a buy recommendation and three have issued a strong buy recommendation on the company. The stock has an average rating of "Buy" and an average target price of $60.74.

In other news, VP Craig M. Meynard sold 5,000 shares of the company's stock in a transaction on Friday, July 14th. Shares saw a steep increase in trading volume of 9.08% over the normal average daily volume. Following the sale, the vice president now owns 7,437 shares in the company, valued at approximately $410,968.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Executive Vice President Joanne D. Smith unloaded 4,475 stocks of the shares in a trade dated Fri, May 12th. The stock was sold at an average price of $49.32, for a total transaction of $220,707.00. Following the transaction, the chief executive officer now owns 285,508 shares of the company's stock, valued at approximately $13,861,413.40. The disclosure for this sale can be found here. In the last quarter, insiders bought 390,000 shares of company stock valued at $31,200 and sold 126,831 shares valued at $6,703,732. (NYSE:DAL). Suntrust Banks Incorporated owns 530,370 shares for 0.16% of their portfolio. 25,000 Delta Air Lines, Inc. The Company's programmable devices and associated technologies include integrated circuits (ICs) in the form of programmable logic devices (PLDs), including programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx, and various third-party verification and IP cores.

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