Trustcore Financial Services LLC boosted its position in Delta Air Lines, Inc. (NYSE:DAL) by 77.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,369 shares of the transportation company’s stock after buying an additional 1,468 shares during the quarter. Trustcore Financial Services LLC’s holdings in Delta Air Lines were worth $96,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Peddock Capital Advisors LLC purchased a new stake in shares of Delta Air Lines during the fourth quarter valued at approximately $27,000. ERTS Wealth Advisors LLC bought a new position in shares of Delta Air Lines during the fourth quarter valued at approximately $30,000. First PREMIER Bank bought a new position in shares of Delta Air Lines during the first quarter valued at approximately $30,000. Security National Trust Co. bought a new position in Delta Air Lines in the fourth quarter worth $32,000. Finally, Carroll Financial Associates Inc. raised its holdings in Delta Air Lines by 171.8% in the first quarter. Carroll Financial Associates Inc. now owns 1,147 shares of the transportation company’s stock worth $32,000 after purchasing an additional 725 shares in the last quarter. 85.99% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on the company. ValuEngine downgraded Delta Air Lines from a “hold” rating to a “sell” rating in a report on Monday, May 4th. Barclays downgraded Delta Air Lines from an “overweight” rating to an “equal weight” rating in a report on Monday, May 4th. TheStreet cut Delta Air Lines from a “b-” rating to a “c” rating in a research report on Tuesday, March 17th. Cowen dropped their price objective on Delta Air Lines from $39.00 to $35.00 and set an “outperform” rating on the stock in a research report on Thursday, April 16th. Finally, Citigroup dropped their price objective on Delta Air Lines from $57.00 to $33.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $55.47.

In related news, Director David S. Taylor acquired 2,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were purchased at an average price of $53.67 per share, with a total value of $107,340.00. Following the completion of the purchase, the director now directly owns 4,960 shares of the company’s stock, valued at $266,203.20. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Berkshire Hathaway Inc acquired 976,507 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was bought at an average cost of $46.40 per share, for a total transaction of $45,309,924.80. The disclosure for this purchase can be found here. Insiders bought 1,008,017 shares of company stock worth $46,108,962 in the last ninety days. Corporate insiders own 0.47% of the company’s stock.

Shares of NYSE:DAL opened at $19.19 on Friday. The stock has a market capitalization of $14.49 billion, a price-to-earnings ratio of 3.56 and a beta of 1.27. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.48 and a current ratio of 0.53. The stock’s 50-day simple moving average is $23.99 and its two-hundred day simple moving average is $46.68. Delta Air Lines, Inc. has a 52-week low of $17.51 and a 52-week high of $63.44.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Wednesday, April 22nd. The transportation company reported ($0.51) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.21. Delta Air Lines had a return on equity of 25.95% and a net margin of 7.76%. The firm had revenue of $8.59 billion for the quarter, compared to the consensus estimate of $9.33 billion. During the same quarter last year, the company earned $0.96 earnings per share. The business’s revenue for the quarter was down 18.0% compared to the same quarter last year. As a group, equities analysts forecast that Delta Air Lines, Inc. will post -6.77 earnings per share for the current fiscal year.

Delta Air Lines Profile

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.

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

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