Beech Hill Advisors Inc. Purchases Shares of 67,575 Delta Air Lines, Inc. (DAL)

Beech Hill Advisors Inc. purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 67,575 shares of the transportation company’s stock, valued at approximately $3,258,000. Delta Air Lines accounts for approximately 1.7% of Beech Hill Advisors Inc.’s portfolio, making the stock its 28th biggest holding.

Other institutional investors have also modified their holdings of the company. Mackenzie Financial Corp raised its stake in shares of Delta Air Lines by 86.1% in the first quarter. Mackenzie Financial Corp now owns 57,970 shares of the transportation company’s stock valued at $2,664,000 after buying an additional 26,821 shares during the period. Geode Capital Management LLC raised its stake in shares of Delta Air Lines by 7.1% in the first quarter. Geode Capital Management LLC now owns 6,723,181 shares of the transportation company’s stock valued at $308,601,000 after buying an additional 446,362 shares during the period. Winslow Capital Management LLC raised its stake in shares of Delta Air Lines by 5,815,030.8% in the first quarter. Winslow Capital Management LLC now owns 4,535,802 shares of the transportation company’s stock valued at $208,465,000 after buying an additional 4,535,724 shares during the period. Lansdowne Partners UK LLP raised its stake in shares of Delta Air Lines by 7.3% in the first quarter. Lansdowne Partners UK LLP now owns 28,103,972 shares of the transportation company’s stock valued at $1,291,656,000 after buying an additional 1,918,036 shares during the period. Finally, Parallel Advisors LLC raised its stake in shares of Delta Air Lines by 155.5% in the first quarter. Parallel Advisors LLC now owns 6,673 shares of the transportation company’s stock valued at $322,000 after buying an additional 4,061 shares during the period. Institutional investors and hedge funds own 87.68% of the company’s stock.

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DAL has been the topic of several research reports. Deutsche Bank AG restated a “buy” rating and issued a $62.00 target price (up from $58.00) on shares of Delta Air Lines in a research note on Friday, July 14th. Zacks Investment Research lowered Delta Air Lines from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 21st. Imperial Capital restated a “hold” rating and issued a $50.00 target price on shares of Delta Air Lines in a research note on Wednesday, September 6th. J P Morgan Chase & Co restated an “overweight” rating and issued a $63.00 target price (down from $67.00) on shares of Delta Air Lines in a research note on Wednesday, September 27th. Finally, Vetr upgraded Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $57.50 price objective on the stock in a research note on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $64.16.

In related news, CEO Edward H. Bastian sold 159,240 shares of Delta Air Lines stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $53.06, for a total value of $8,449,274.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Joanne D. Smith sold 33,863 shares of Delta Air Lines stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $53.61, for a total value of $1,815,395.43. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 25,000 shares of company stock valued at $274,160 and have sold 200,001 shares valued at $10,630,333. Company insiders own 0.37% of the company’s stock.

Delta Air Lines, Inc. (DAL) traded up 0.04% during trading on Wednesday, hitting $50.05. The stock had a trading volume of 1,611,944 shares. The company has a 50-day moving average of $50.54 and a 200 day moving average of $50.10. The firm has a market cap of $35.84 billion, a P/E ratio of 10.06 and a beta of 1.24. Delta Air Lines, Inc. has a 52-week low of $41.72 and a 52-week high of $55.75.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.04. The firm had revenue of $11.06 billion during the quarter, compared to analyst estimates of $11.03 billion. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.70 earnings per share. On average, equities research analysts predict that Delta Air Lines, Inc. will post $5.12 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 throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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

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