According to the most recent 13F filing that WealthPlan Investment Management LLC submitted with the Securities and Exchange Commission, the company acquired a new holding in Delta Air Lines, INC (NYSE: DAL) during the third quarter of this year.
This data was extracted from the quarterly financial statements that the company provided.
The investment fund purchased 37,965 shares in the transportation company for approximately $1,303,000.
Recent press releases have included commentary from various research analysts expressing their views on the stock.
Evercore ISI raised the price target they had set for Delta Air Lines from $40.00 to $47.00 in a research note published on Tuesday, March 7.
The note was published online.
In addition, the firm raised Delta Air Lines’ rating from “in line” to “outperform,” indicating that the company is expected to do better in the future. StockNews.com first covered this information about Delta Air Lines stock on Thursday, the day it was published.
They encouraged shareholders to “keep” the stock in their holdings rather than sell it. Redburn Partners moved Delta Air Lines from a “neutral” rating to a “buy” rating and set a price objective of $55.00 on the stock in research published on Wednesday, February 8.
They also set a price objective of $55.00 for the stock.
Additionally, they increased their price target for the stock to $55.00 per share.
Argus upgraded Delta Air Lines from a “hold” rating to a “buy” rating and set a price objective of $39.00 on the company in a report published on Thursday, January 5.
Argus also set a price objective of $40.00 on United Continental Holdings, INC Additionally; Argus projected a price of $39.00 as their price target.
Barclays increased its price objective on Delta Air Lines shares from $44.00 to $48.00 in a research report published on Friday, March 10.
This was the third and final adjustment that was made. One of the experts has suggested that shareholders maintain their current stock holdings, while the other sixteen have assigned the stock a rating of “buy,” and one of the analysts has assigned the stock a rating of “strong buy.” The findings that Bloomberg presented indicate that the current average rating for Delta Air Lines is “buy” and that the company’s price objective is set at $49.47 on average.
During the most recent quarter, several significant investors made adjustments to the positions they had previously held at DAL.
During the first three months of 2018, Acadian Asset Management LLC invested 217 thousand dollars into Delta Air Lines, thereby beginning a new position in the company.
During the first three months of 2018, Panagora Asset Management INC increased the proportion of its holdings in Delta Air Lines by 41.8%.
Panagora Asset Management INC has increased the total number of shares it owns in the transportation company to 25,838 and increased the value of those shares to $1,022,000 by making additional purchases of 7,616 of the company’s shares since the beginning of the most recent fiscal quarter.
APG Asset Management N.V.
Made a new investment in the amount of 243,000 euros in Delta Air Lines during the first three months of the year. Raymond James Trust N.A.
Increased the amount of Delta Air Lines stock owned by 20.7% over the year’s first three months. Following acquiring an additional 1,700 shares during the most recent quarter, Raymond James Trust N.A. now holds 9,918 shares of the transportation company’s stock.
Based on the current market price, this gives the company a market value of approximately $392,000.
And finally, during the first three months of this year, Cibc Global Market INC increased the amount of Delta Air Lines stock owned by 3.1%, bringing its total ownership percentage to 9%. Cibc Global Market INC now has 29,508 shares of the transportation company’s stock, currently valued at $1,168,000.
This is after the company made an additional purchase of 891 shares during the most recent quarter.
Institutional investors and hedge funds collectively own 66.47% of the company’s shares as of the most recent reporting period.
On Thursday, shares of NYSE: DAL started trading at $33.23 each when the market opened.
Due to the company’s price-to-earnings ratio of 16.29 and its beta value of 1.26, the market value of the business is calculated to be $21.31 billion.
Both $27.20 and $46.27 can be found on the list of the lowest and highest points Delta Air Lines, INC experienced over the previous year, respectively.
The company has seen a moving average of $34.58 over the past 200 days, while the moving average for the last 50 days is $38.25.
A debt-to-equity ratio of 3.14, a current ratio of 0.50, and a quick ratio of 0.45 are all values that have been calculated.
These numbers are all presented in the form of a ratio.
On Friday, January 13, Delta Air Lines (NYSE: DAL) released its quarterly earnings report.
The report was published online.
The transportation industry reported earnings of $1.48 per quarter, which is $0.17 more than the consensus estimate of $1.31 per quarter for profits for the period, which was derived from analyst projections.
The company’s most recent quarter’s revenue came in at $13.44 billion, which is significantly higher than the average projection of $13.03 billion in revenue for the quarter.
The following percentages represent the return on equity and the net margin for Delta Air Lines: 45.69% and 2.61%, respectively.
It is expected by those who follow the market that Delta Air Lines, INC will generate earnings of $400 per share this year.
In other news about this topic, Senior Vice President William C. Carroll completed the sale of 15,529 shares of company stock on January 17.
A total of $593,207.80 shares were transacted at an average price of $38.20 per share, leading to a sale volume of 593,207.80 dollars.
Because of this transaction, the senior vice president owns 16,780 company shares, with a combined value of $640,996.
Access to the legal file that details the transaction’s disclosure can be gained through the Securities and Exchange Commission’s (SEC) website.
This file can be found on the website.
In other news about this topic, Senior Vice President William C. Carroll completed the sale of 15,529 shares of company stock on January 17.
A total of $593,207.80 shares were transacted at an average price of $38.20 per share, leading to a sale volume of 593,207.80 dollars.
Because of this transaction, the senior vice president owns 16,780 company shares, with a combined value of $640,996.
Access to the legal file that details the transaction’s disclosure can be gained through the Securities and Exchange Commission’s (SEC) website.
This file can be found on the website.
In addition, on Monday, February 27, 5,000 shares of company stock were sold by Glen W. Hauenstein, the company’s president.
The price per share, sold at an average of $37.87, brought in a total of $189,350.00 for the transaction’s volume.
After the completion of the sale, the president now has a personal holding of 278.712 shares of company stock, which have a total value of $10,554,823.44.
Disclosures related to the sale might be found in this website section.
Insiders have sold 43,980 shares of company stock over the most recent ninety days, bringing in a total of $1,696,902 in proceeds from the sales.
Insiders hold the total number of shares currently available in the company to the extent of 0.84%.