Ontario Teachers Pension Plan Board Has $679,000 Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Ontario Teachers Pension Plan Board trimmed its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 33.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,812 shares of the transportation company’s stock after selling 11,949 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Delta Air Lines were worth $679,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in shares of Delta Air Lines during the 4th quarter worth about $116,385,000. Cpwm LLC acquired a new position in shares of Delta Air Lines during the 4th quarter worth about $946,000. Edge Wealth Management LLC boosted its stake in shares of Delta Air Lines by 86.6% during the 1st quarter. Edge Wealth Management LLC now owns 4,266 shares of the transportation company’s stock worth $124,000 after buying an additional 1,980 shares during the last quarter. Atria Investments LLC boosted its stake in shares of Delta Air Lines by 61.5% during the 4th quarter. Atria Investments LLC now owns 79,631 shares of the transportation company’s stock worth $4,657,000 after buying an additional 30,339 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Delta Air Lines during the 4th quarter worth about $8,600,000. Institutional investors own 83.96% of the company’s stock.

In other Delta Air Lines news, Director David S. Taylor bought 2,000 shares of the stock in a transaction dated Monday, February 24th. The shares were bought at an average cost of $53.67 per share, with a total value of $107,340.00. Following the completion of the acquisition, the director now 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 is accessible through the SEC website. Also, Director David S. Taylor bought 3,000 shares of the stock in a transaction dated Monday, May 4th. The shares were acquired at an average cost of $21.95 per share, for a total transaction of $65,850.00. Following the completion of the acquisition, the director now directly owns 8,460 shares of the company’s stock, valued at approximately $185,697. The disclosure for this purchase can be found here. Insiders have bought 1,008,017 shares of company stock worth $46,108,962 over the last ninety days. Insiders own 0.47% of the company’s stock.

A number of research firms have recently commented on DAL. JPMorgan Chase & Co. reduced their price objective on shares of Delta Air Lines from $46.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. UBS Group cut their target price on shares of Delta Air Lines from $62.00 to $37.00 and set a “neutral” rating for the company in a research note on Friday, March 13th. Argus downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Wednesday, March 11th. Barclays downgraded shares of Delta Air Lines from an “overweight” rating to an “equal weight” rating in a research note on Monday, May 4th. Finally, Credit Suisse Group reiterated a “market perform” rating and issued a $42.00 target price on shares of Delta Air Lines in a research note on Monday, May 18th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. Delta Air Lines has an average rating of “Hold” and a consensus price target of $53.95.

Delta Air Lines stock opened at $22.69 on Friday. The stock has a market cap of $14.77 billion, a P/E ratio of 4.21 and a beta of 1.27. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 1.25. Delta Air Lines, Inc. has a twelve month low of $17.51 and a twelve month high of $63.44. The company’s 50-day moving average price is $22.81 and its two-hundred day moving average price is $45.49.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Wednesday, April 22nd. The transportation company reported ($0.51) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.72) by $0.21. Delta Air Lines had a net margin of 7.76% and a return on equity of 25.95%. The firm had revenue of $8.59 billion for the quarter, compared to analysts’ expectations of $9.33 billion. During the same period in the prior year, the firm earned $0.96 EPS. The business’s revenue was down 18.0% on a year-over-year basis. Equities analysts anticipate that Delta Air Lines, Inc. will post -7.28 earnings per share for the current fiscal year.

Delta Air Lines Company 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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