Mount Yale Investment Advisors LLC Acquires New Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Mount Yale Investment Advisors LLC bought a new position in Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 59,392 shares of the transportation company’s stock, valued at approximately $3,593,000.

Other large investors have also recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Delta Air Lines by 62.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 30,928 shares of the transportation company’s stock valued at $1,467,000 after buying an additional 11,881 shares during the period. AXA S.A. purchased a new stake in shares of Delta Air Lines in the 2nd quarter valued at about $1,737,000. APG Asset Management N.V. bought a new stake in shares of Delta Air Lines during the 2nd quarter valued at about $965,000. Dark Forest Capital Management LP purchased a new position in shares of Delta Air Lines during the second quarter worth about $273,000. Finally, MBB Public Markets I LLC bought a new position in shares of Delta Air Lines in the second quarter worth approximately $564,000. 69.93% of the stock is owned by institutional investors.

Insider Transactions at Delta Air Lines

In related news, CEO Edward H. Bastian sold 91,710 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the transaction, the chief executive officer now owns 439,819 shares in the company, valued at $30,721,357.15. The trade was a 17.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Allison C. Ausband sold 7,510 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $3,688,130.14. This trade represents a 11.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 149,429 shares of company stock worth $9,924,819. 0.96% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DAL shares. Bank of America increased their price target on shares of Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Jefferies Financial Group raised their price target on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Citigroup upped their price objective on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. raised their price objective on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Finally, Sanford C. Bernstein boosted their target price on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Fourteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $78.22.

Delta Air Lines Stock Down 0.5 %

Shares of Delta Air Lines stock opened at $67.10 on Monday. The stock has a market capitalization of $43.30 billion, a price-to-earnings ratio of 12.59, a P/E/G ratio of 0.79 and a beta of 1.35. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The company’s 50 day moving average price is $63.17 and its 200-day moving average price is $53.27.

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