Delta Air Lines, Inc. (NYSE:DAL) would seemingly be one of the companies to suffer the most after news of brutal terrorist attacks like the one we saw in Paris, France just recently. However, this doesn’t seem to be the case at all.
Delta Air Lines, Inc. (NYSE:DAL), in fact, announced today that they actually earned more revenue per mile this past November than they did in November of last year. Revenue from passengers per available seat mile increased surprising by 1.5% for the month.
“November was much better than expected,” said Sterne Agee CRT analyst Adam Hackel. “Capacity cuts in problem international markets are working, and domestic is strong without exposure to Dallas.”
The stock is up 2.79% or $1.33 following the news, hitting $49 per share. About 3.91 million shares traded hands. DAL has risen 5.86% since April 29, 2015 and is uptrending. It has outperformed the S&P500 by 6.06%.
From a total of 6 analysts covering Delta Air Lines (NYSE:DAL) stock, 6 rate it a “Buy”, 0 a “Sell”, and 0 a “Hold”. This means that 100% of the ratings are positive. The highest target price is $74.50 while the lowest target price is $50. The mean of all analyst targets is $60.31 which is 23.08% above today’s ($49) stock price. Delta Air Lines was the topic of 9 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. Argus Research maintained shares on October 21 with a “Buy” rating. UBS maintained DAL stock in a recent report from August 3 with a “Buy” rating.
The institutional sentiment decreased to 0.89 in Q2 2015. It’s down 0.14, from 1.03 in 2015Q1. The ratio fall, as 105 funds sold all their Delta Air Lines, Inc. shares they owned while 301 reduced their positions. 90 funds bought stakes while 270 increased their total positions. Institutions now own 669.07 million shares which is 9.53% less than the previous share count of 739.58 million in 2015Q1.
D.C. Capital Advisors Ltd holds 23.8% of its total portfolio in Delta Air Lines, Inc., equating to 1.00 million shares. Hawkeye Capital Management Llc owns 500,000 shares representing 13.65% of their total US portfolio. Moreover, Karamaan Group Llc has 12.69% of their total portfolio invested in the company, equating to 309,678 shares. The New York-based Isf Management Llc has a total of 11.93% of their portfolio invested in the stock. Par Capital Management Inc, a Massachusetts-based fund reported 12.37 million shares owned.
Since March 24, 2015, the stock had 0 insider buys, and 14 selling transactions for a total of $14.06 million in net activity. Jacobson Paul A sold 7,000 shares worth $358,470. Smith Joanne D sold 23,000 shares worth $1.01M. Bastian Edward H sold 20,000 shares worth $871,820. Anderson Richard H sold 75,000 shares worth $3.19M. The insider Hauenstein Glen W sold 20,000 shares worth $940,494.
Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The company has a market cap of $38.54 billion. The Company’s route network is centered on a system of hub and international gateway airports that it operates in Amsterdam, Atlanta, Detroit, Los Angeles, Minneapolis-St. It has 13.9 P/E ratio. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City, Seattle and Tokyo-Narita.