Delta Air Lines, Inc. Just Recorded A Sigfniciant Bullish Options Activity

 Delta Air Lines, Inc. Just Recorded A Sigfniciant Bullish Options Activity

In today’s session Delta Air Lines, Inc. (DAL) registered an unusually high (348) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious DAL increase. With 348 contracts traded and 82954 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: DAL170120C00042000 closed last at: $7.85 or 3.3% up. About 3.36 million shares traded hands. Delta Air Lines, Inc. (NYSE:DAL) has risen 12.09% since April 25, 2016 and is uptrending. It has outperformed by 6.07% the S&P500.

Analysts await Delta Air Lines, Inc. (NYSE:DAL) to report earnings on January, 17. They expect $1.12 EPS, down 5.08% or $0.06 from last year’s $1.18 per share. DAL’s profit will be $839.25 million for 10.89 P/E if the $1.12 EPS becomes a reality. After $1.70 actual EPS reported by Delta Air Lines, Inc. for the previous quarter, Wall Street now forecasts -34.12% negative EPS growth.

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

Out of 15 analysts covering Delta Air Lines (NYSE:DAL), 12 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 80% are positive. Delta Air Lines has been the topic of 28 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Monday, August 3 by UBS. The company was maintained on Friday, July 15 by Deutsche Bank. The rating was downgraded by Deutsche Bank on Friday, April 1 to “Hold”. The stock of Delta Air Lines, Inc. (NYSE:DAL) earned “Outperform” rating by Cowen & Co on Wednesday, July 6. Morgan Stanley maintained the stock with “Overweight” rating in Thursday, April 28 report. The rating was upgraded by Deutsche Bank on Tuesday, September 1 to “Buy”. Credit Suisse maintained the stock with “Outperform” rating in Wednesday, July 6 report. As per Tuesday, April 12, the company rating was maintained by Credit Suisse. The company was initiated on Tuesday, March 29 by Stephens. The firm has “In-Line” rating given on Friday, October 14 by Imperial Capital.

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 0.74 in Q2 2016. Its down 0.26, from 1 in 2016Q1. The ratio dropped, 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.
Cyrus Cap Prtnrs Limited Partnership last reported 2.02M shares in the company. The Delaware-based Blackrock Llc has invested 0.1% in Delta Air Lines, Inc. (NYSE:DAL). Atria Ltd Llc holds 0.05% or 12,130 shares in its portfolio. Argent Tru Com, a Texas-based fund reported 8,795 shares. Fred Alger Mngmt holds 0.42% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL) for 2.18 million shares. First Dallas Secs reported 11,204 shares or 0.31% of all its holdings. Automobile Association, a Texas-based fund reported 340,337 shares. Nikko Asset Mgmt Americas Incorporated last reported 10,300 shares in the company. Td Asset Incorporated last reported 370,573 shares in the company. Mondrian Investment Prtnrs Ltd has invested 0% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL). Intrust Retail Bank Na owns 14,522 shares or 0.21% of their US portfolio. Henderson Gp Public Ltd Company has invested 0.01% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL). Parallax Volatility Advisers Lp owns 17,896 shares or 0% of their US portfolio. Frontfour Capital Ltd Com holds 261,676 shares or 2.63% of its portfolio. Moreover, Cleararc Cap Inc has 0.13% invested in Delta Air Lines, Inc. (NYSE:DAL) for 18,722 shares.

Insider Transactions: Since July 15, 2016, the stock had 2 insider buys, and 9 sales for $37.03 million net activity. Another trade for 11,677 shares valued at $519,113 was sold by West W Gilbert. The insider Sear Steven M sold $195,575. On Friday, July 15 ANDERSON RICHARD H sold $30.37 million worth of the stock or 758,000 shares. 1,853 shares with value of $75,047 were sold by Smith Joanne D on Wednesday, October 19. Bastian Edward H sold $2.06M worth of Delta Air Lines, Inc. (NYSE:DAL) on Wednesday, October 26. Meynard Craig M had sold 3,500 shares worth $144,946 on Monday, October 24. Shares for $4.64 million were sold by HAUENSTEIN GLEN W on Monday, November 7.

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 $36.56 billion. The Company’s operates through divisions, including Airline Segment and Refinery Segment. It has a 7.89 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 news for Delta Air Lines, Inc. (NYSE:DAL) were recently published by: Reuters.com, which released: “Delta pilots oppose big regional jets, could be issue for Embraer, Mitsubi…” on November 25, 2016. Bloomberg.com‘s article titled: “Berkshire Bets on Airlines With Stakes in American, Delta” and published on November 14, 2016 is yet another important article.

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