Mirae Asset Global Investments Co. Ltd., a leading financial institution that is fast establishing a reputation for investing in companies with significant potential and growth prospects, has recently increased its holdings in Delta Air Lines, resulting in investment opportunities with interesting market implications.
As per the filing made by Mirae Asset Global Investments Co. Ltd. with the Securities and Exchange Commission, its holdings in Delta Air Lines have been boosted by 4.2%, adding on an additional 3,311 shares during the last quarter of 2017. The firm now owns a total of 81,611 shares valued at $2,682,000 as of the last reporting date.
Delta Air Lines is a publicly traded company listed on the New York Stock Exchange under the ticker DAL, chiefly known for providing both scheduled air transportation and cargo delivery services. It operates both through an airline division as well as a refinery segment where it provides jet fuel to other airlines across various geographies.
The recent flurry of analyst reports on Delta Air Lines indicates mixed opinions regarding its valuation prospects. JPMorgan Chase & Co. downgraded their earlier price target from $81 to $69 per share while Barclays upped their estimate from $44 to $48 per share.
On the other hand, one report identifies Bank of America slashing its earlier estimates from $43 to $40 per share and Redburn Partners upgrading Delta’s stocks from “neutral” rating to “buy” rating along with assigning it a price target of $55/share.
Overall consensus among industry analysts suggests a more positive outlook towards this American conglomerate divesting promising opportunities into domestic aviation markets backed by beneficial business collaborations and operational alliances.
As Bloomberg.com confirms this upward trend stating : “According to Bloomberg.com, the company has an average rating of “Buy” and a consensus target price of $49.38.” Investors are closely watching what happens next after recently published growth-related news such as price range upgrades and pivotal strategic alliances being formed providing an intriguing mix of opportunity and uncertainty for investors seeking high-growth potential companies.
Delta Air Lines Continues to Attract Large Investors and Expand with $22.98 Billion Market Capitalisation
Delta Air Lines Continues to Attract Large Investors as Market Capitalisation Reaches $22.98 Billion
Several large investors have recently purchased and sold shares of Delta Air Lines, with Vanguard Group Inc., Primecap Management Co., Renaissance Technologies LLC, GMT Capital Corp, and Dimensional Fund Advisors LP all increasing their stakes in the transportation company. In total, 66.47% of Delta Air Lines stock is now owned by institutional investors and hedge funds. The news follows the recent purchase of 5,000 shares by Director David S. Taylor at a cost of $32.83 per share.
The airline operates through two segments, offering scheduled air transportation for passengers and cargo as well as jet fuel to its own airline segment through its Refinery unit. The low-cost airline has a market capitalisation reaching $22.98 billion and saw shares open at $35.75 on Friday.
Despite strong financial results in previous quarters, the company fell short in its most recent earnings report for Q1 2017, reporting an EPS of $0.25 compared to analysts estimates of $0.29 per share – however despite this it achieved a net margin of 3.51% and returned on equity of 56.49%. This impressive performance is reflected in the high degree of ownership by institutional investors who remain invested in the long-term success story that Delta Air Lines represents.
Delta Air Lines is known for providing exceptional customer satisfaction as well longstanding relationships with employees which has ensured loyal staff retention rates according to industry commentators; ongoing profitability suggests that this ethos could be paying off for both shareholders and employees alike.
Customers choosing Delta’s services benefit from modernised aircraft fleets with Wi-Fi throughout its US network and its continued expansion program offers greater domestic coverage and expanding overseas flight offerings.
Despite fluctuations in ownership trends witnessed over recent months where stock sales saw insiders exchange Delta’s stock for over half a million dollars, a recent acquisition of 15,000 new shares show overall faith remains high in its future performance.
Given that Delta Air Lines is a publicly-listed company you may even consider a personal investment – further details on the stock exchange performance are available through various financial publications. Ultimately the aviation community awaits to see how this unfolds over future months as both insiders and institutional shareholders weigh up their options.
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