Integrated Capital Management LLC Sells 951 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Integrated Capital Management LLC lessened its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 22.0% during the 4th quarter, Holdings Channel reports. The firm owned 3,373 shares of the transportation company’s stock after selling 951 shares during the period. Integrated Capital Management LLC’s holdings in Delta Air Lines were worth $204,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DAL. Future Financial Wealth Managment LLC acquired a new position in shares of Delta Air Lines in the third quarter valued at about $25,000. Kimelman & Baird LLC acquired a new position in Delta Air Lines in the 2nd quarter valued at $31,000. Ashton Thomas Securities LLC bought a new stake in shares of Delta Air Lines during the 3rd quarter valued at $31,000. Modus Advisors LLC bought a new position in shares of Delta Air Lines in the fourth quarter worth $33,000. Finally, Strategic Financial Concepts LLC acquired a new position in Delta Air Lines in the second quarter valued at about $36,000. Institutional investors own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. 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. The Goldman Sachs Group restated a “buy” rating and set a $83.00 price objective on shares of Delta Air Lines in a research report on Friday, November 15th. Sanford C. Bernstein raised their price target on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Finally, BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. 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. Based on data from MarketBeat, Delta Air Lines presently has an average rating of “Buy” and an average target price of $75.83.

Delta Air Lines Price Performance

NYSE DAL traded down $0.84 during trading on Friday, reaching $58.23. The company’s stock had a trading volume of 4,126,580 shares, compared to its average volume of 6,179,960. Delta Air Lines, Inc. has a one year low of $36.34 and a one year high of $67.50. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34. The stock has a market capitalization of $37.57 billion, a PE ratio of 8.09, a P/E/G ratio of 1.21 and a beta of 1.35. The firm has a fifty day moving average of $61.69 and a 200 day moving average of $51.35.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). The company 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%. Delta Air Lines’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.03 EPS. Analysts expect that Delta Air Lines, Inc. will post 6.08 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Alain Bellemare sold 19,490 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $55.26, for a total transaction of $1,077,017.40. Following the sale, the executive vice president now directly owns 121,961 shares of the company’s stock, valued at approximately $6,739,564.86. This represents a 13.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Joanne D. Smith sold 3,431 shares of Delta Air Lines stock in a transaction on Friday, October 11th. The stock was sold at an average price of $50.46, for a total value of $173,128.26. Following the completion of the sale, the executive vice president now directly owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. The trade was a 3.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 140,240 shares of company stock valued at $8,044,893 over the last three months. 0.96% of the stock is owned by company insiders.

About Delta Air Lines

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.