Delta quarterly profit falls 8%

A Delta A350 plane

(NYSE:DAL) traded up 0.25% during trading on Thursday, reaching $47.38. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. First Citizens Bank & Trust Co.'s holdings in Delta Air Lines were worth $965,000 as of its most recent filing with the SEC.

Rich Smith has no position in any of the stocks mentioned. Roundview Capital LLC lifted its holdings in Delta Air Lines by 0.3% in the second quarter. The Ghost Tree Capital Llc holds 50,000 shares with $5.08 million value, down from 125,000 last quarter. Meridian Investment Counsel Inc. owns 52,767 shares or 0.72% of their USA portfolio. Passenger revenue increased USD527 million, including USD200 million from Delta Air Lines' Branded Fares initiatives. Miles Capital Inc. now owns 6,138 shares of the transportation company's stock valued at $330,000 after buying an additional 157 shares during the period. It also increased its holding in Canadian Nat Res Ltd (NYSE:CNQ) by 838,615 shares in the quarter, for a total of 967,731 shares, and has risen its stake in Helmerich & Payne Inc (Call) (NYSE:HP). Following the transaction, the executive vice president now directly owns 72,393 shares in the company, valued at $4,090,204.50. Institutional investors and hedge funds own 85.01% of the company's stock. Citigroup Inc. initiated coverage on Delta Air Lines in a research report on Friday, November 18th. (NYSE:DAL) or 1,352 shares. CHK comes in with a P/S ratio of 0.43 that's below 1, potentially implying that it could be cheap relative to the overall sector (14.49) and its peers (61.93). Primecap Management Company bought 611,080 shares as the company's stock declined 5.91% while stock markets rallied. Delta Air Lines, Inc. has 52-Week high of $59.2 and 52-Week Low of $43.81.

Delta said its fuel expense rose $350 million in the third quarter and that it paid an average of $1.93 a gallon. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%.

Corporate travel revenue last quarter grew at the fastest clip since 2014, the airline said, adding that it will likely continue this year.

Michael Messner decreased its stake in Delta Air Lines Inc Del (DAL) by 72.53% based on its latest 2017Q3 regulatory filing with the SEC.

Delta Air Lines, Inc.is a major American airline with its headquarters on the northern boundary of Hartsfield-Jackson Atlanta International Airport, within the city limits of Atlanta. Shares for $1.07M were sold by CRANSTON MARY B on Thursday, August 17. Stifel Nicolaus maintained the stock with "Buy" rating in Friday, September 22 report. (NYSE:DAL) reached all time high today, Jan, 11 and still has $61.43 target or 5.00 % above today's $58.50 share price. The disclosure for this sale can be found here. The company's outstanding shares are 716 Million. Carret Asset Mgmt Ltd Liability accumulated 16,900 shares or 0.13% of the stock.


DAL has been the subject of a number of analyst reports.

Delta shares are trading higher by 3.8% at $57.98 a piece after the company reported a beat on both the top and bottom lines. Stephens reissued a "buy" rating and issued a $72.00 price objective on shares of Delta Air Lines in a research report on Wednesday. Credit Suisse maintained the shares of GILD in report on Wednesday, January 3 with "Hold" rating.

CFRA Research analyst Jim Corridore said Delta was able to boost revenue more than expected, and strong demand should help offset higher oil prices.

When we look at the Analyst Recommendations of the stock, the company has 1.1 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell.

The Stock now has Analyst' mean Recommendation of 0 where the scale is from 1 to 5, 1 means Strong Buy and 5 means Sell. The rating was maintained by Morgan Stanley with "Overweight" on Friday, July 14.

ILLEGAL ACTIVITY NOTICE: This story was originally published by Registrar Journal and is the sole property of of Registrar Journal. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and global trademark & copyright law. The New York-based Two Sigma Securities Ltd Liability Com has invested 0.03% in Delta Air Lines, Inc. The Company's operates through segments, including Airline Segment and Refinery Segment.

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