Mason & Associates Inc Boosts Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Mason & Associates Inc boosted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 3.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,088 shares of the transportation company’s stock after purchasing an additional 160 shares during the quarter. Mason & Associates Inc’s holdings in Delta Air Lines were worth $308,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Senator Investment Group LP increased its position in shares of Delta Air Lines by 90.0% during the second quarter. Senator Investment Group LP now owns 475,000 shares of the transportation company’s stock valued at $22,534,000 after acquiring an additional 225,000 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Delta Air Lines by 5.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 268,636 shares of the transportation company’s stock worth $13,644,000 after purchasing an additional 13,802 shares in the last quarter. KBC Group NV raised its stake in shares of Delta Air Lines by 143.7% in the third quarter. KBC Group NV now owns 56,611 shares of the transportation company’s stock worth $2,876,000 after purchasing an additional 33,378 shares during the last quarter. Olstein Capital Management L.P. lifted its holdings in shares of Delta Air Lines by 32.6% during the third quarter. Olstein Capital Management L.P. now owns 175,000 shares of the transportation company’s stock valued at $8,888,000 after purchasing an additional 43,000 shares in the last quarter. Finally, River Road Asset Management LLC boosted its position in shares of Delta Air Lines by 22.8% during the third quarter. River Road Asset Management LLC now owns 130,608 shares of the transportation company’s stock valued at $6,634,000 after buying an additional 24,249 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DAL has been the topic of several research analyst reports. UBS Group restated a “buy” rating and set a $88.00 target price on shares of Delta Air Lines in a research note on Tuesday, November 26th. Citigroup increased their price objective on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. The Goldman Sachs Group restated a “buy” rating and issued a $83.00 price target on shares of Delta Air Lines in a research note on Friday, November 15th. Finally, Jefferies Financial Group increased their target price on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a report on Monday, November 11th. Fourteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Delta Air Lines has an average rating of “Buy” and a consensus target price of $78.22.

Insiders Place Their Bets

In other news, CEO Edward H. Bastian sold 68,000 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $56.33, for a total transaction of $3,830,440.00. Following the transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $24,775,004.27. This trade represents a 13.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Rahul D. Samant sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $58.53, for a total transaction of $585,300.00. Following the completion of the transaction, the executive vice president now directly owns 64,163 shares of the company’s stock, valued at $3,755,460.39. This trade represents a 13.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 117,319 shares of company stock worth $6,794,748 in the last three months. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Performance

Shares of NYSE:DAL opened at $65.45 on Thursday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. The firm has a market cap of $42.23 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 1.05 and a beta of 1.35. The firm’s 50 day simple moving average is $62.59 and its 200-day simple moving average is $52.15. Delta Air Lines, Inc. has a one year low of $36.69 and a one year 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, beating analysts’ consensus estimates 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 analyst estimates of $14.20 billion. During the same period in the previous year, the company posted $1.28 EPS. Delta Air Lines’s revenue was up 9.4% on a year-over-year basis. As a group, equities analysts predict that Delta Air Lines, Inc. will post 7.35 EPS for the current year.

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.