Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Capital Investment Advisors LLC

Capital Investment Advisors LLC lowered its position in Delta Air Lines, Inc. (NYSE:DAL) by 23.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,431 shares of the transportation company’s stock after selling 7,299 shares during the period. Capital Investment Advisors LLC’s holdings in Delta Air Lines were worth $1,418,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Pzena Investment Management LLC purchased a new stake in shares of Delta Air Lines in the 3rd quarter valued at $281,206,000. Castle Hook Partners LP purchased a new stake in Delta Air Lines in the third quarter valued at $189,296,000. Dimensional Fund Advisors LP grew its position in Delta Air Lines by 12.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock worth $471,330,000 after purchasing an additional 1,105,674 shares during the period. Sanders Capital LLC raised its stake in shares of Delta Air Lines by 2.8% during 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 last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of 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 valued at $28,551,000 after buying an additional 453,926 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on DAL shares. JPMorgan Chase & Co. boosted their price target on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, October 11th. BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. Bank of America raised their price target on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Susquehanna upped their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. Finally, Sanford C. Bernstein raised their target price on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Delta Air Lines has a consensus rating of “Buy” and an average price target of $78.22.

Insider Buying and Selling at Delta Air Lines

In related news, EVP Allison C. Ausband sold 7,510 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total transaction of $470,276.20. Following the completion of the sale, the executive vice president now owns 58,897 shares in the company, valued at $3,688,130.14. The trade was a 11.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP William C. Carroll sold 21,530 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the sale, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,197,608.72. The trade was a 52.15 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 136,809 shares of company stock valued at $7,871,765. Insiders own 0.96% of the company’s stock.

Delta Air Lines Trading Up 1.6 %

NYSE DAL opened at $66.16 on Wednesday. Delta Air Lines, Inc. has a one year low of $36.34 and a one year high of $68.99. The firm has a 50 day simple moving average of $62.59 and a 200-day simple moving average of $52.15. The firm has a market cap of $42.69 billion, a price-to-earnings ratio of 9.19, a PEG ratio of 1.17 and a beta of 1.35. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39.

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

Delta Air Lines Company 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.