Delta Air Lines Target of Unusually High Options Trading (NYSE:DAL)

6 Stocks To Watch For

6 Stocks To Watch For

(NYSE:DAL) by 0.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. Primecap Management Co. CA now owns 22,713,894 shares of the transportation company's stock valued at $1,043,931,000 after buying an additional 1,930,614 shares during the last quarter. Delta Air Lines comprises approximately 2.0% of Coe Capital Management LLC's holdings, making the stock its 20th largest position. Bastian Edward H also sold $1.21M worth of Delta Air Lines, Inc. AQR Capital Management LLC raised its position in shares of Delta Air Lines by 15.8% in the first quarter. Dimensional Fund Advisors LP now owns 7,039,445 shares of the transportation company's stock valued at $323,542,000 after buying an additional 3,245,791 shares during the last quarter.

The bad news is analysts don't believe there's a room for Delta Air Lines, Inc. Lansdowne Partners UK LLP raised its position in shares of Delta Air Lines by 7.3% in the first quarter. Vanguard Group Inc is the second biggest holder with 45 million shares now valued at 2.05 B million whilst Lansdowne Partners Limited Partnership has 28 million shares valued at 1.29 B million.

COPYRIGHT VIOLATION WARNING: "Coe Capital Management LLC Buys 155 Shares of Delta Air Lines, Inc". Nevertheless, Delta was able to minimize the damage last quarter, with PRASM declines of about 2% in both of those regions. Hedge funds and other institutional investors own 86.08% of the company's stock.

Delta Air Lines gets about 70% of its revenue from the domestic market. (DAL) now has a value of $55.48 while the company's 52 week low is at $35.84, the shares dropped to the 52 week low on 08/15/16. The company has a 50 day moving average of $50.96 and a 200-day moving average of $48.99.

The difference of 52 week low value as well as 52 week high value and the current price of the stock suggests the next move of the shares.

Price targets show what analysts believes a stock will be worth at the end of a certain time period. The transportation company reported $0.77 EPS for the quarter, beating the Zacks' consensus estimate of $0.73 by $0.04. The company had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.14 billion. Delta Air Lines had a return on equity of 28.67% and a net margin of 10.19%. The company has a market cap of $40.37 billion, a PE ratio of 10.23 and a beta of 1.22. Company fiscal year is ending in December and analysts' consensus recommendation is Outperform for STLD and estimated EPS for next quarter is $ 0.70.

At the moment 17 analysts are watching Delta Air Lines, Inc.

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. If you are accessing this piece of content on another publication, it was stolen and republished in violation of USA and worldwide copyright and trademark laws. The original version of this article can be viewed at https://www.chaffeybreeze.com/2017/07/13/rafferty-asset-management-llc-acquires-new-position-in-delta-air-lines-inc-dal-updated-updated.html. Progressive had 30 analyst reports since August 6, 2015 according to SRatingsIntel. Cowen and Company decreased their target price on shares of Delta Air Lines from $60.00 to $58.00 and set an "outperform" rating on the stock in a research note on Monday, April 10th. Vetr cut shares of Delta Air Lines from a "strong-buy" rating to a "buy" rating and set a $52.43 target price on the stock.in a research note on Tuesday, May 2nd. On July 12, 2016 the stock rating was rated "Buy" by Deutsche Bank up from the previous "Hold" rating. Stifel Nicolaus maintained it with "Buy" rating and $7500 target in Wednesday, July 5 report. Francis S. Blake, Director disclosed the purchase of 5,665 shares. Also, EVP Joanne D. Smith sold 4,475 shares of Delta Air Lines stock in a transaction that occurred on Friday, May 12th. $16.43M worth of Newell Brands Inc (NYSE:NWL) was sold by FRANKLIN MARTIN E. Shares for $878,518 were sold by Burke William A III on Thursday, June 1.

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