Great Waters Wealth Management recently acquired a new position in Delta Air Lines, Inc. during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,719 shares of Delta Air Lines’ stock, valued at approximately $272,000.
Other hedge funds and institutional investors have also been buying and selling shares of Delta Air Lines. Pacifica Partners Inc. increased its holdings in the company by 117.6% during the first quarter, while Sound Income Strategies LLC saw a 1,136.7% increase in its holdings during the same period. Coppell Advisory Solutions Corp., GPS Wealth Strategies Group LLC, and Carmel Capital Partners LLC also purchased new stakes in Delta Air Lines.
Delta Air Lines saw an increase of 1.1% in its stock price, with shares trading at $39.77. The company has a market cap of $25.59 billion and a PE ratio of 8.56. It has a debt-to-equity ratio of 2.24 and a current ratio of 0.46.
In its most recent earnings report, Delta Air Lines reported earnings per share (EPS) of $2.68 for the quarter, surpassing the consensus estimate of $2.40. The company also saw a revenue of $15.58 billion, compared to the estimated $14.44 billion.
Insider activity at Delta Air Lines includes the sale of shares by Director Michael P. Huerta and EVP Peter W. Carter. Huerta sold 3,350 shares at an average price of $48.43, while Carter sold 17,944 shares at an average price of $45.00.
Delta Air Lines has received positive ratings from research analysts, with twelve analysts rating the stock as a buy and one giving it a strong buy rating. The company’s average rating is “Buy,” with a consensus price target of $57.50.
Delta Air Lines provides scheduled air transportation for passengers and cargo domestically in the United States and internationally. It operates through two segments, Airline and Refinery. The company has a domestic network centered on hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, and an international network centered on hubs in Amsterdam, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.
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