Gofen & Glossberg LLC IL Purchases 2,000 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Share on StockTwits

Gofen & Glossberg LLC IL lifted its position in Delta Air Lines, Inc. (NYSE:DAL) by 17.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,725 shares of the transportation company’s stock after acquiring an additional 2,000 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in Delta Air Lines were worth $791,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DAL. Carroll Financial Associates Inc. grew its stake in Delta Air Lines by 105.6% in the second quarter. Carroll Financial Associates Inc. now owns 623 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 320 shares during the last quarter. Cornerstone Advisors Inc. grew its stake in Delta Air Lines by 36.0% in the second quarter. Cornerstone Advisors Inc. now owns 620 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 164 shares during the last quarter. Avestar Capital LLC grew its stake in Delta Air Lines by 3,385.0% in the second quarter. Avestar Capital LLC now owns 697 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 677 shares during the last quarter. Covington Capital Management grew its stake in Delta Air Lines by 35.4% in the second quarter. Covington Capital Management now owns 746 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 195 shares during the last quarter. Finally, North Star Investment Management Corp. purchased a new position in Delta Air Lines in the third quarter valued at about $44,000. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Several research firms have issued reports on DAL. Zacks Investment Research upgraded Delta Air Lines from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research note on Friday, September 6th. Morgan Stanley cut their target price on Delta Air Lines from $63.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Thursday. Wolfe Research set a $69.00 target price on Delta Air Lines and gave the company a “buy” rating in a research note on Friday, July 12th. Credit Suisse Group cut their target price on Delta Air Lines from $72.00 to $71.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Finally, Raymond James reiterated an “outperform” rating and issued a $64.00 target price (down previously from $70.00) on shares of Delta Air Lines in a research note on Friday. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $66.63.

In related news, President Glen W. Hauenstein sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $63.03, for a total value of $3,151,500.00. Following the sale, the president now owns 267,526 shares in the company, valued at $16,862,163.78. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP William C. Carroll sold 6,384 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $61.96, for a total value of $395,552.64. Following the completion of the sale, the senior vice president now owns 23,010 shares in the company, valued at approximately $1,425,699.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 83,285 shares of company stock worth $5,219,381. 0.47% of the stock is owned by insiders.

Shares of DAL stock opened at $52.95 on Friday. Delta Air Lines, Inc. has a fifty-two week low of $45.08 and a fifty-two week high of $63.44. The firm has a market capitalization of $34.43 billion, a price-to-earnings ratio of 9.37, a PEG ratio of 0.57 and a beta of 1.16. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.29 and a current ratio of 0.34. The stock’s 50-day simple moving average is $57.15 and its 200-day simple moving average is $57.16.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, October 10th. The transportation company reported $2.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.26 by $0.06. Delta Air Lines had a return on equity of 31.68% and a net margin of 9.85%. The business had revenue of $12.56 billion for the quarter, compared to analyst estimates of $12.61 billion. During the same quarter in the previous year, the firm earned $1.80 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. As a group, equities analysts forecast that Delta Air Lines, Inc. will post 7.07 earnings per share for the current year.

About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

See Also: Municipal Bonds

Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DAL).

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

Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.