Tealwood Asset Management Inc. Takes Position in Delta Air Lines, Inc. (DAL)

Share on StockTwits

Tealwood Asset Management Inc. bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 65,647 shares of the transportation company’s stock, valued at approximately $3,796,000. Delta Air Lines comprises 1.4% of Tealwood Asset Management Inc.’s portfolio, making the stock its 19th biggest position.

Several other large investors also recently modified their holdings of the stock. Comerica Bank boosted its position in shares of Delta Air Lines by 0.6% during the second quarter. Comerica Bank now owns 177,061 shares of the transportation company’s stock worth $9,056,000 after acquiring an additional 976 shares during the last quarter. Motley Fool Asset Management LLC boosted its position in shares of Delta Air Lines by 15.2% during the second quarter. Motley Fool Asset Management LLC now owns 7,564 shares of the transportation company’s stock worth $375,000 after acquiring an additional 997 shares during the last quarter. Strategic Advisors LLC boosted its position in shares of Delta Air Lines by 3.8% during the second quarter. Strategic Advisors LLC now owns 27,680 shares of the transportation company’s stock worth $1,371,000 after acquiring an additional 1,002 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Delta Air Lines by 19.1% during the second quarter. Bessemer Group Inc. now owns 6,537 shares of the transportation company’s stock worth $325,000 after acquiring an additional 1,047 shares during the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC boosted its position in shares of Delta Air Lines by 0.8% during the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 128,766 shares of the transportation company’s stock worth $6,379,000 after acquiring an additional 1,059 shares during the last quarter. Hedge funds and other institutional investors own 87.27% of the company’s stock.

In other news, COO W Gilbert West sold 10,000 shares of the stock in a transaction on Wednesday, July 18th. The shares were sold at an average price of $52.65, for a total value of $526,500.00. Following the sale, the chief operating officer now owns 95,447 shares of the company’s stock, valued at $5,025,284.55. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Craig M. Meynard sold 1,793 shares of the stock in a transaction on Friday, July 27th. The shares were sold at an average price of $54.31, for a total transaction of $97,377.83. Following the completion of the sale, the vice president now directly owns 7,170 shares in the company, valued at approximately $389,402.70. The disclosure for this sale can be found here. In the last three months, insiders sold 102,787 shares of company stock worth $5,519,226. Insiders own 0.33% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. Imperial Capital reaffirmed an “outperform” rating and set a $68.00 price target on shares of Delta Air Lines in a research note on Friday, July 13th. Zacks Investment Research raised shares of Delta Air Lines from a “sell” rating to a “hold” rating in a research note on Monday, July 2nd. Cfra reaffirmed a “buy” rating and set a $70.00 price target on shares of Delta Air Lines in a research note on Monday, June 18th. Barclays decreased their price target on shares of Delta Air Lines from $73.00 to $62.00 and set an “overweight” rating on the stock in a research note on Monday, July 16th. Finally, ValuEngine raised shares of Delta Air Lines from a “sell” rating to a “hold” rating in a research note on Thursday, July 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $67.55.

Delta Air Lines stock traded up $1.33 during mid-day trading on Tuesday, reaching $53.17. 376,334 shares of the company’s stock traded hands, compared to its average volume of 6,996,466. Delta Air Lines, Inc. has a 12-month low of $48.33 and a 12-month high of $60.79. The company has a market cap of $39.98 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 0.51 and a beta of 1.00. The company has a quick ratio of 0.31, a current ratio of 0.40 and a debt-to-equity ratio of 0.67.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, October 11th. The transportation company reported $1.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.06. Delta Air Lines had a net margin of 7.72% and a return on equity of 26.75%. The business had revenue of $11.95 billion for the quarter, compared to the consensus estimate of $11.96 billion. During the same quarter in the prior year, the firm posted $1.57 earnings per share. On average, equities research analysts anticipate that Delta Air Lines, Inc. will post 5.6 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, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

Featured Story: Momentum Indicator: Relative Strength Index

Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DAL).

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

Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply