3,798 Shares in Delta Air Lines, Inc. (NYSE:DAL) Acquired by Graypoint LLC

Graypoint LLC purchased a new position in Delta Air Lines, Inc. (NYSE:DAL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,798 shares of the transportation company’s stock, valued at approximately $230,000.

A number of other large investors also recently added to or reduced their stakes in DAL. Pzena Investment Management LLC purchased a new position in Delta Air Lines in the 3rd quarter worth approximately $281,206,000. Castle Hook Partners LP bought a new stake in Delta Air Lines in the 3rd quarter worth approximately $189,296,000. Dimensional Fund Advisors LP increased its stake in 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 worth $471,330,000 after acquiring an additional 1,105,674 shares during the last quarter. Sanders Capital LLC increased its stake 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 worth $1,414,074,000 after acquiring an additional 749,099 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Delta Air Lines by 419.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 562,129 shares of the transportation company’s stock worth $28,551,000 after acquiring an additional 453,926 shares during the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock opened at $66.99 on Monday. The stock’s fifty day moving average is $62.27 and its two-hundred day moving average is $51.90. The company has a market capitalization of $43.23 billion, a PE ratio of 9.30, a price-to-earnings-growth ratio of 1.21 and a beta of 1.35. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05. Delta Air Lines, Inc. has a 52 week low of $36.34 and a 52 week high of $68.99.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.09. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The business had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. During the same period in the prior year, the business earned $1.28 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, analysts expect that Delta Air Lines, Inc. will post 6.08 earnings per share for the current year.

Wall Street Analyst Weigh In

DAL has been the topic of a number of research reports. Sanford C. Bernstein lifted their price objective on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. lifted their price objective on Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. UBS Group reaffirmed a “buy” rating and issued a $88.00 price objective on shares of Delta Air Lines in a research note on Tuesday, November 26th. Bank of America boosted their target price on Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Finally, TD Cowen boosted their target price on Delta Air Lines from $59.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and a consensus target price of $77.06.

Insiders Place Their Bets

In other Delta Air Lines news, EVP Alain Bellemare sold 19,490 shares of the company’s stock in a transaction on 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 sale, the executive vice president now directly owns 121,961 shares in the company, valued at approximately $6,739,564.86. This represents a 13.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Allison C. Ausband sold 7,510 shares of the company’s stock in a transaction on 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 owns 58,897 shares of the company’s stock, valued at $3,688,130.14. This represents a 11.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 136,809 shares of company stock worth $7,871,765. 0.96% of the stock is currently owned by company insiders.

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.