Can Delta Air Lines, Inc.’s Tomorrow Be Different? Option Trader Are Very Bullish

 Can Delta Air Lines, Inc.'s Tomorrow Be Different? Option Trader Are Very Bullish

In today’s session Delta Air Lines, Inc. (DAL) registered an unusually high (4,593) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious DAL increase. With 4,593 contracts traded and 26674 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: DAL161216C00045000 closed last at: $0.97 or 47% up. About 3.14 million shares traded hands. Delta Air Lines, Inc. (NYSE:DAL) has declined 9.08% since April 5, 2016 and is downtrending. It has underperformed by 11.03% the S&P500.

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

Out of 14 analysts covering Delta Air Lines (NYSE:DAL), 11 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 79% are positive. $74.50 is the highest target while $41 is the lowest. The $55.93 average target is 27.69% above today’s ($43.8) stock price. Delta Air Lines has been the topic of 26 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Buckingham Research maintained it with “Buy” rating and $54 target price in Wednesday, October 5 report. The stock of Delta Air Lines, Inc. (NYSE:DAL) earned “Buy” rating by Argus Research on Wednesday, October 21. The rating was maintained by JP Morgan with “Overweight” on Thursday, February 4. As per Wednesday, August 24, the company rating was initiated by Imperial Capital. Deutsche Bank downgraded the shares of DAL in a report on Friday, April 1 to “Hold” rating. Credit Suisse maintained Delta Air Lines, Inc. (NYSE:DAL) rating on Tuesday, April 12. Credit Suisse has “Outperform” rating and $59 price target. Morgan Stanley maintained Delta Air Lines, Inc. (NYSE:DAL) on Thursday, April 28 with “Overweight” rating. Imperial Capital maintained the shares of DAL in a report on Friday, October 14 with “In-Line” rating. Argus Research maintained it with “Buy” rating and $60.0 target price in Wednesday, January 13 report. The stock of Delta Air Lines, Inc. (NYSE:DAL) earned “Buy” rating by Deutsche Bank on Tuesday, September 1.

According to Zacks Investment Research, “Delta is America’s fastest growing international carrier. Delta Air Lines offers customers service to more destinations than any global airline with Delta and Delta Connection carrier service. Delta has added more international capacity than all other U.S. airlines combined and is the leader across the Atlantic.”

Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 0.09, from 1.09 in 2016Q1. The ratio dived, as 92 funds sold all Delta Air Lines, Inc. shares owned while 277 reduced positions. 75 funds bought stakes while 294 increased positions. They now own 620.66 million shares or 4.75% less from 651.60 million shares in 2016Q1.
Nomura Asset Ltd, a Japan-based fund reported 29,440 shares. Global X Management Ltd last reported 1,937 shares in the company. Pyrrho Capital Mgmt Limited Partnership reported 65,000 shares or 7.38% of all its holdings. Dai Ichi Life Ins Company Ltd last reported 35,742 shares in the company. Muhlenkamp & Inc, a Pennsylvania-based fund reported 133,705 shares. Todd Asset Mngmt Limited has 0.94% invested in the company for 804,342 shares. Mcf Advsrs Limited Liability holds 199 shares or 0% of its portfolio. Moreover, Par Cap Mngmt has 6.93% invested in Delta Air Lines, Inc. (NYSE:DAL) for 11.47 million shares. Employees Retirement Systems Of Texas, a Texas-based fund reported 100,000 shares. New Mexico Educational Retirement Board reported 89,900 shares or 0.15% of all its holdings. Commonwealth Equity Svcs Inc owns 28,623 shares or 0.01% of their US portfolio. Mufg Americas Corporation has 11,530 shares for 0.01% of their US portfolio. Madrona Fin Limited Liability Com holds 39,321 shares or 1.52% of its portfolio. Eagle Asset Mngmt Inc accumulated 0.49% or 1.92 million shares. Goldentree Asset Lp reported 468,465 shares or 5.56% of all its holdings.

Insider Transactions: Since May 9, 2016, the stock had 2 insider buys, and 8 insider sales for $71.77 million net activity. ANDERSON RICHARD H also sold $39.90M worth of Delta Air Lines, Inc. (NYSE:DAL) shares. On Wednesday, August 3 Mattson George N bought $364,957 worth of the stock or 10,000 shares. 1,853 shares were sold by Smith Joanne D, worth $75,047. Sear Steven M had sold 4,670 shares worth $173,627 on Tuesday, August 30. Shares for $852,480 were sold by Bastian Edward H on Monday, May 9. The insider Jacobson Paul A bought 25,000 shares worth $972,770. $144,946 worth of Delta Air Lines, Inc. (NYSE:DAL) was sold by Meynard Craig M.

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 $33.82 billion. The Company’s operates through divisions, including Airline Segment and Refinery Segment. It has a 7.08 P/E ratio. The Airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the United States and around the world and other ancillary airline services.

DAL Company Profile

Delta Air Lines, Inc. incorporated on March 16, 1967, provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s operates through divisions, including Airline Segment and Refinery Segment.

More recent Delta Air Lines, Inc. (NYSE:DAL) news were published by: Fool.com which released: “Delta Air Lines, Inc. Earnings: A Disappointing Summer” on October 13, 2016. Also Fool.com published the news titled: “5 Highlights From Delta Air Lines Inc.’s Q3 Earnings Call” on October 18, 2016. Businessinsider.com‘s news article titled: “Delta posts an earnings beat” with publication date: October 13, 2016 was also an interesting one.

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