Cookson Peirce & Co. Inc. Invests $263,000 in Delta Air Lines, Inc. (DAL)

Cookson Peirce & Co. Inc. acquired a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,900 shares of the transportation company’s stock, valued at approximately $263,000.

Several other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in Delta Air Lines by 2,951.4% in the 1st quarter. BlackRock Inc. now owns 45,260,856 shares of the transportation company’s stock valued at $2,080,189,000 after acquiring an additional 43,777,555 shares in the last quarter. Vanguard Group Inc. lifted its position in Delta Air Lines by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 44,951,865 shares of the transportation company’s stock valued at $2,415,714,000 after acquiring an additional 274,997 shares in the last quarter. Lansdowne Partners UK LLP lifted its position in Delta Air Lines by 7.3% in the 1st quarter. Lansdowne Partners UK LLP now owns 28,103,972 shares of the transportation company’s stock valued at $1,291,656,000 after acquiring an additional 1,918,036 shares in the last quarter. Primecap Management Co. CA lifted its position in Delta Air Lines by 9.3% in the 1st quarter. Primecap Management Co. CA now owns 22,713,894 shares of the transportation company’s stock valued at $1,043,931,000 after acquiring an additional 1,930,614 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in Delta Air Lines by 15.8% in the 1st quarter. AQR Capital Management LLC now owns 9,571,378 shares of the transportation company’s stock valued at $439,900,000 after acquiring an additional 1,308,115 shares in the last quarter. 86.22% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Cookson Peirce & Co. Inc. Invests $263,000 in Delta Air Lines, Inc. (DAL)” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://ledgergazette.com/2017/10/17/cookson-peirce-co-inc-invests-263000-in-delta-air-lines-inc-dal.html.

Shares of Delta Air Lines, Inc. (DAL) traded down 0.50% during midday trading on Tuesday, hitting $53.35. 2,207,345 shares of the stock traded hands. Delta Air Lines, Inc. has a 52 week low of $39.05 and a 52 week high of $55.75. The firm has a market capitalization of $38.84 billion, a PE ratio of 10.57 and a beta of 1.25. The company’s 50-day moving average is $49.03 and its 200 day moving average is $49.55.

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 company had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $11.03 billion. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.70 earnings per share. Analysts anticipate that Delta Air Lines, Inc. will post $5.12 earnings per share for the current year.

DAL has been the topic of several recent research reports. Deutsche Bank AG dropped their price target on shares of Delta Air Lines from $62.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, September 6th. Zacks Investment Research raised shares of Delta Air Lines from a “hold” rating to a “strong-buy” rating and set a $62.00 price target on the stock in a research report on Tuesday, July 4th. BidaskClub cut shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Bank of America Corporation raised their price target on shares of Delta Air Lines from $64.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, June 30th. Finally, ValuEngine raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th. Two analysts have rated the stock with a sell rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $62.91.

In related news, insider Steven M. Sear sold 6,898 shares of the stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $53.01, for a total transaction of $365,662.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website

Several other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in Delta Air Lines by 2,951.4% in the 1st quarter. BlackRock Inc. now owns 45,260,856 shares of the transportation company’s stock valued at $2,080,189,000 after acquiring an additional 43,777,555 shares in the last quarter. Vanguard Group Inc. lifted its position in Delta Air Lines by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 44,951,865 shares of the transportation company’s stock valued at $2,415,714,000 after acquiring an additional 274,997 shares in the last quarter. Lansdowne Partners UK LLP lifted its position in Delta Air Lines by 7.3% in the 1st quarter. Lansdowne Partners UK LLP now owns 28,103,972 shares of the transportation company’s stock valued at $1,291,656,000 after acquiring an additional 1,918,036 shares in the last quarter. Primecap Management Co. CA lifted its position in Delta Air Lines by 9.3% in the 1st quarter. Primecap Management Co. CA now owns 22,713,894 shares of the transportation company’s stock valued at $1,043,931,000 after acquiring an additional 1,930,614 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in Delta Air Lines by 15.8% in the 1st quarter. AQR Capital Management LLC now owns 9,571,378 shares of the transportation company’s stock valued at $439,900,000 after acquiring an additional 1,308,115 shares in the last quarter. 86.22% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Cookson Peirce & Co. Inc. Invests $263,000 in Delta Air Lines, Inc. (DAL)” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://ledgergazette.com/2017/10/17/cookson-peirce-co-inc-invests-263000-in-delta-air-lines-inc-dal.html.

Shares of Delta Air Lines, Inc. (DAL) traded down 0.50% during midday trading on Tuesday, hitting $53.35. 2,207,345 shares of the stock traded hands. Delta Air Lines, Inc. has a 52 week low of $39.05 and a 52 week high of $55.75. The firm has a market capitalization of $38.84 billion, a PE ratio of 10.57 and a beta of 1.25. The company’s 50-day moving average is $49.03 and its 200 day moving average is $49.55.

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 company had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $11.03 billion. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.70 earnings per share. Analysts anticipate that Delta Air Lines, Inc. will post $5.12 earnings per share for the current year.

DAL has been the topic of several recent research reports. Deutsche Bank AG dropped their price target on shares of Delta Air Lines from $62.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, September 6th. Zacks Investment Research raised shares of Delta Air Lines from a “hold” rating to a “strong-buy” rating and set a $62.00 price target on the stock in a research report on Tuesday, July 4th. BidaskClub cut shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Bank of America Corporation raised their price target on shares of Delta Air Lines from $64.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, June 30th. Finally, ValuEngine raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th. Two analysts have rated the stock with a sell rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $62.91.

In related news, insider Steven M. Sear sold 6,898 shares of the stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $53.01, for a total transaction of $365,662.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Edward H. Bastian sold 159,240 shares of the stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $53.06, for a total transaction of $8,449,274.40. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 75,000 shares of company stock worth $278,160 and have sold 203,701 shares worth $10,830,133. 0.37% of the stock is owned by corporate insiders.

About Delta Air Lines

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.

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

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