Delta Air Lines Inc (NYSE:DAL): Institutional Investors Are Worried

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Sentiment for Delta Air Lines Inc (NYSE:DAL)

Delta Air Lines Inc (NYSE:DAL) institutional sentiment decreased to 0.92 in 2019 Q2. Its down -0.11, from 1.03 in 2019Q1. The ratio dropped, as 317 active investment managers increased or opened new stock positions, while 343 cut down and sold their holdings in Delta Air Lines Inc. The active investment managers in our partner’s database now have: 522.18 million shares, down from 533.71 million shares in 2019Q1. Also, the number of active investment managers holding Delta Air Lines Inc in their top 10 stock positions increased from 25 to 31 for an increase of 6. Sold All: 47 Reduced: 296 Increased: 217 New Position: 100.

Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company has market cap of $39.02 billion. The firm operates through two divisions, Airline and Refinery. It has a 8.95 P/E ratio. The Company’s route network is centered around a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

The stock increased 0.96% or $0.57 during the last trading session, reaching $60.01. About 4.14 million shares traded. Delta Air Lines, Inc. (NYSE:DAL) has risen 13.48% since September 13, 2018 and is uptrending. It has outperformed by 13.48% the S&P500.

Analysts await Delta Air Lines, Inc. (NYSE:DAL) to report earnings on October, 10. They expect $2.26 earnings per share, up 25.56 % or $0.46 from last year’s $1.8 per share. DAL’s profit will be $1.47B for 6.64 P/E if the $2.26 EPS becomes a reality. After $2.35 actual earnings per share reported by Delta Air Lines, Inc. for the previous quarter, Wall Street now forecasts -3.83 % negative EPS growth.

Lansdowne Partners (Uk) Llp holds 25.02% of its portfolio in Delta Air Lines, Inc. for 17.97 million shares. Cyrus Capital Partners L.P. owns 1.91 million shares or 12.93% of their US portfolio. Moreover, Par Capital Management Inc has 9.4% invested in the company for 9.89 million shares. The New York-based Stelliam Investment Management Lp has invested 7.69% in the stock. Terril Brothers Inc., a Missouri-based fund reported 354,330 shares.

Delta Air Lines, Inc. (NYSE:DAL) Ratings Coverage

Ratings analysis reveals 100% of Delta Air Lines’s analysts are positive. Out of 6 Wall Street analysts rating Delta Air Lines, 6 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $6100 while the high is $85. The stock’s average target of $70.71 is 17.83% above today’s ($60.01) share price. DAL was included in 9 notes of analysts from April 3, 2019. The firm has “Buy” rating by Buckingham Research given on Wednesday, April 3. The company was maintained on Thursday, April 11 by Citigroup. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, April 3 report. Raymond James maintained the stock with “Outperform” rating in Thursday, April 11 report. Credit Suisse maintained Delta Air Lines, Inc. (NYSE:DAL) on Thursday, April 11 with “Outperform” rating.

More notable recent Delta Air Lines, Inc. (NYSE:DAL) news were published by: Finance.Yahoo.com which released: “Airline Stock Roundup: SAVE, JBLU’s Bearish Q3 Views, DAL’s Traffic Report & More – Yahoo Finance” on September 10, 2019, also Finance.Yahoo.com with their article: “When Should You Buy Delta Air Lines, Inc. (NYSE:DAL)? – Yahoo Finance” published on June 29, 2019, Benzinga.com published: “Airliners Giving Mixed Guidance: United, Delta Reaffirm, JetBlue Warns – Benzinga” on September 04, 2019. More interesting news about Delta Air Lines, Inc. (NYSE:DAL) were released by: Bizjournals.com and their article: “BHM traffic rises in August; American Airlines eclipses Southwest – Birmingham Business Journal” published on September 13, 2019 as well as Fool.com‘s news article titled: “Can Delta Repeat Its Seattle Success in Boston? – The Motley Fool” with publication date: August 24, 2019.

Delta Air Lines, Inc. (NYSE:DAL) Institutional Positions Chart

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