Neville Rodie & Shaw Inc. Buys Shares of 9,600 Delta Air Lines, Inc. (NYSE:DAL)

Neville Rodie & Shaw Inc. bought a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 9,600 shares of the transportation company’s stock, valued at approximately $581,000.

Several other hedge funds have also recently bought and sold shares of the company. Sanders Capital LLC increased its holdings in Delta Air Lines by 2.8% in the 3rd quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock valued at $1,414,074,000 after buying an additional 749,099 shares during the period. Geode Capital Management LLC boosted its stake in shares of Delta Air Lines by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock valued at $789,452,000 after purchasing an additional 416,338 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Delta Air Lines by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock valued at $471,330,000 after purchasing an additional 1,105,674 shares in the last quarter. Pzena Investment Management LLC acquired a new stake in shares of Delta Air Lines in the 3rd quarter valued at approximately $281,206,000. Finally, Castle Hook Partners LP acquired a new stake in shares of Delta Air Lines in the 3rd quarter valued at approximately $189,296,000. 69.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Bank of America lifted their target price on shares of Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Jefferies Financial Group lifted their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. BNP Paribas upgraded shares of Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $83.00 price target on shares of Delta Air Lines in a report on Friday, November 15th. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $75.83.

Insider Buying and Selling

In related news, EVP Allison C. Ausband sold 7,510 shares of Delta Air Lines stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total value of $470,276.20. Following the completion of the sale, the executive vice president now directly owns 58,897 shares in the company, valued at approximately $3,688,130.14. This trade represents a 11.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alain Bellemare sold 19,490 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $55.26, for a total value of $1,077,017.40. Following the completion of the transaction, the executive vice president now directly owns 121,961 shares in the company, valued at $6,739,564.86. The trade was a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 140,240 shares of company stock valued at $8,044,893 over the last quarter. 0.96% of the stock is owned by company insiders.

Delta Air Lines Price Performance

Shares of DAL stock traded up $1.74 during trading on Monday, hitting $60.74. The company had a trading volume of 3,669,670 shares, compared to its average volume of 7,095,748. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05. The stock’s 50-day moving average is $61.78 and its two-hundred day moving average is $51.44. The stock has a market capitalization of $39.19 billion, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 1.21 and a beta of 1.35. Delta Air Lines, Inc. has a 52 week low of $36.34 and a 52 week high of $67.50.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.02). The firm had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.03 EPS. As a group, analysts predict that Delta Air Lines, Inc. will post 6.08 EPS for the current fiscal year.

Delta Air Lines Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.