Delta Air Lines Inc. (NYSE: DAL)

HL Financial Services LLC increased its shares in Delta Air Lines Inc. by 3.6% in the fourth quarter, according to the company’s most recent filing with the Securities and Exchange Commission (SEC).

HL owned 67,055 shares of the airline’s stock after acquiring an additional 2,338 shares during the quarter. At the end of the most recent quarter, HL Financial Services LLC’s shares in the transportation company were valued at $3,755,000.

Other institutional investors have also lately made changes to their holdings in the company. APG Asset Management N.V. boosted its shares holdings in Delta Air Lines by 12.2% in the third-quarter.

APG Asset Management N.V. position in the airline company now stands at 4,100,199 shares worth $197,712,000 after acquiring an additional 449,600 shares in the fourth quarter.

Dimensional Fund Advisors also increased its shares in Delta Air Lines by 3.2% in the third quarter. Dimensional Fund Advisors now owns 7,821,695 shares in the airline company valued $377,169,000 after buying an additional 250,730 shares in the last quarter.

DAL Earnings & Outlook

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DAL announced its fourth-quarter earnings last month, which dramatically increased its profit guidance for 2018 fiscal year. In the report, the company’s EPS climbed 17% to 95 cents, beating Wall Street estimates for 87 cents.

In addition, its revenue rose to $10.245 billion to record an increase of eight percent. Its passenger unit revenue rose by 4.2% beating analysts’ estimates again. The company’s report excludes a one-time tariff of $150 million from the revaluation of deferred tax liabilities and assets and inclusion of foreign earnings following tax reform.

Delta Air Lines Inc Company Profile

Delta Air Lines, Inc. engages in the provision of scheduled air transportation for cargo and passengers in the US and internationally. The company operates through the following segments: Airline, Refinery, and Other.

The Airline segment offers scheduled air transportation for cargo and passengers. The Refinery segment comprises of non-jet fuel and jet fuel products. The Other segment is composed of other activities. The company was founded in 1928 by Collett Everman Woolman and is head offices are in Atlanta, GA.

Its route network is centered on international gateways, a system of hubs and airports in Detroit, Amsterdam, Boston, Atlanta, London-Heathrow, Minneapolis-St. Paul, Los Angeles, New York-JFK, New York-LaGuardia, Salt Lake City, Seattle, Tokyo-Narita, and Paris-Charles de Gaulle. The company sells out its tickets via various distribution channels that include delta.com and telephone reservations, traditional brick and mortar, mobile applications, online travel agencies, and other agencies.

Delta also provides aircraft repair, maintenance, and overhaul services; aviation, staffing, and professional training and security services to third parties; and aircraft charters, and management and programs as well as vacation packages to third-party consumers. As of December 2017, the had a fleet of around 800 aircraft.

Delta Air Lines competes with American Airlines, SkyTeam, United Airlines, Emirates, Qatar Airways, Etihad Airways, Lufthansa German Airlines, British Airways, Air Canada, Japan Air Lines, Qantas, and All Nippon Airways. –Reuters