Grove Bank & Trust Boosts Position in Delta Air Lines, Inc. (NYSE:DAL)

Grove Bank & Trust raised its stake in Delta Air Lines, Inc. (NYSE:DAL) by 9.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 16,814 shares of the transportation company’s stock after acquiring an additional 1,496 shares during the period. Grove Bank & Trust’s holdings in Delta Air Lines were worth $1,017,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Future Financial Wealth Managment LLC acquired a new stake in Delta Air Lines during the 3rd quarter worth $25,000. Kimelman & Baird LLC acquired a new stake in shares of Delta Air Lines during the second quarter worth about $31,000. Ashton Thomas Securities LLC purchased a new stake in shares of Delta Air Lines in the 3rd quarter valued at about $31,000. Modus Advisors LLC purchased a new position in Delta Air Lines during the 4th quarter worth approximately $33,000. Finally, Versant Capital Management Inc increased its position in Delta Air Lines by 829.2% during the fourth quarter. Versant Capital Management Inc now owns 604 shares of the transportation company’s stock worth $37,000 after buying an additional 539 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analysts Set New Price Targets

DAL has been the subject of several research analyst reports. The Goldman Sachs Group reissued a “buy” rating and issued a $83.00 price objective on shares of Delta Air Lines in a report on Friday, November 15th. Barclays raised their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Citigroup increased their target price on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft boosted their price target on Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, TD Cowen increased their price objective on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $78.22.

Delta Air Lines Stock Down 0.6 %

Shares of NYSE DAL opened at $65.81 on Monday. 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 firm has a 50-day moving average price of $62.86 and a 200 day moving average price of $52.51. Delta Air Lines, Inc. has a 52 week low of $36.69 and a 52 week high of $68.99. The stock has a market capitalization of $42.47 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 1.05 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last announced 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 return on equity of 29.93% and a net margin of 7.71%. The business had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. During the same quarter in the previous year, the company earned $1.28 EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Equities research analysts anticipate that Delta Air Lines, Inc. will post 7.35 EPS for the current fiscal year.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 68,000 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $56.33, for a total value of $3,830,440.00. Following the sale, the chief executive officer now owns 439,819 shares of the company’s stock, valued at $24,775,004.27. This represents a 13.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 transaction, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at approximately $1,197,608.72. This trade represents a 52.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 117,319 shares of company stock valued at $6,794,748. Insiders own 0.96% of the company’s stock.

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.