Delta Air Lines, Inc. (NYSE:DAL) Shares Bought by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 206.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,006 shares of the transportation company’s stock after buying an additional 4,718 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Delta Air Lines were worth $424,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in DAL. Mason & Associates Inc grew its holdings in Delta Air Lines by 3.2% during the 4th quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company’s stock worth $308,000 after acquiring an additional 160 shares in the last quarter. Armstrong Advisory Group Inc. grew its stake in Delta Air Lines by 10.6% in the fourth quarter. Armstrong Advisory Group Inc. now owns 1,820 shares of the transportation company’s stock worth $110,000 after purchasing an additional 175 shares in the last quarter. Ballentine Partners LLC increased its holdings in Delta Air Lines by 3.7% in the fourth quarter. Ballentine Partners LLC now owns 5,267 shares of the transportation company’s stock valued at $319,000 after buying an additional 188 shares during the last quarter. Huntington National Bank raised its stake in Delta Air Lines by 2.9% during the third quarter. Huntington National Bank now owns 6,679 shares of the transportation company’s stock valued at $339,000 after buying an additional 189 shares in the last quarter. Finally, Oakworth Capital Inc. lifted its holdings in Delta Air Lines by 16.9% during the 3rd quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company’s stock worth $72,000 after buying an additional 204 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling at Delta Air Lines

In related news, CEO Edward H. Bastian sold 68,000 shares of Delta Air Lines stock in a transaction dated Monday, October 28th. The stock was 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 of the company’s stock, valued at $24,775,004.27. The trade was a 13.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP William C. Carroll sold 8,400 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $66.02, for a total transaction of $554,568.00. Following the completion of the sale, the senior vice president now owns 19,756 shares in the company, valued at approximately $1,304,291.12. This trade represents a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 125,719 shares of company stock valued at $7,349,316. 0.96% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. 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 report on Thursday, November 21st. Barclays increased their target price on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Bank of America boosted their price objective 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. Finally, Citigroup lifted their target price on Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $78.22.

Delta Air Lines Trading Down 0.8 %

NYSE:DAL opened at $67.82 on Thursday. The stock has a market cap of $43.76 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 0.80 and a beta of 1.35. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98. The business has a fifty day moving average of $63.06 and a 200-day moving average of $52.94.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. The company had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. Delta Air Lines’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 EPS. Equities analysts predict that Delta Air Lines, Inc. will post 7.67 earnings per share for the current year.

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.