Capital Investment Advisors LLC Purchases 531 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Capital Investment Advisors LLC boosted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,247 shares of the transportation company’s stock after purchasing an additional 531 shares during the period. Capital Investment Advisors LLC’s holdings in Delta Air Lines were worth $991,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of DAL. National Asset Management Inc. boosted its position in Delta Air Lines by 18.1% in the 2nd quarter. National Asset Management Inc. now owns 65,412 shares of the transportation company’s stock valued at $2,843,000 after buying an additional 10,026 shares during the period. Panagora Asset Management Inc. boosted its position in Delta Air Lines by 75.8% in the 2nd quarter. Panagora Asset Management Inc. now owns 483,135 shares of the transportation company’s stock valued at $20,900,000 after buying an additional 208,298 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Delta Air Lines by 6.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,309,345 shares of the transportation company’s stock valued at $143,162,000 after buying an additional 198,560 shares during the period. Sei Investments Co. boosted its position in Delta Air Lines by 8.9% in the 2nd quarter. Sei Investments Co. now owns 115,900 shares of the transportation company’s stock valued at $5,113,000 after buying an additional 9,494 shares during the period. Finally, CIBC Asset Management Inc boosted its position in Delta Air Lines by 5.2% in the 2nd quarter. CIBC Asset Management Inc now owns 56,370 shares of the transportation company’s stock valued at $2,439,000 after buying an additional 2,763 shares during the period. Institutional investors own 63.95% of the company’s stock.

Several research firms have issued reports on DAL. Cowen boosted their price objective on shares of Delta Air Lines from $53.00 to $54.00 and gave the company a “market perform” rating in a research report on Thursday, October 14th. Redburn Partners assumed coverage on shares of Delta Air Lines in a research report on Wednesday, August 11th. They issued a “neutral” rating for the company. Argus cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, September 23rd. Morgan Stanley decreased their target price on shares of Delta Air Lines from $67.00 to $62.00 and set an “overweight” rating for the company in a research report on Thursday, October 14th. Finally, Wolfe Research raised shares of Delta Air Lines from a “peer perform” rating to an “outperform” rating in a research report on Friday, November 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $53.33.

Shares of NYSE DAL opened at $39.69 on Thursday. The company’s fifty day moving average price is $41.72 and its 200 day moving average price is $42.37. Delta Air Lines, Inc. has a 1 year low of $37.31 and a 1 year high of $52.28. The company has a market capitalization of $25.40 billion, a PE ratio of -305.28 and a beta of 1.30. The company has a debt-to-equity ratio of 9.79, a quick ratio of 0.82 and a current ratio of 0.83.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Wednesday, October 13th. The transportation company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.15. Delta Air Lines had a negative net margin of 0.28% and a negative return on equity of 294.36%. The firm had revenue of $9.15 billion for the quarter, compared to the consensus estimate of $8.46 billion. During the same period in the prior year, the firm posted ($3.30) earnings per share. The firm’s quarterly revenue was up 199.0% compared to the same quarter last year. On average, equities analysts expect that Delta Air Lines, Inc. will post -4.62 EPS for the current year.

Delta Air Lines Company Profile

Delta Air Lines, Inc engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment consists of jet fuel and non-jet fuel products.

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

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