NovaPoint Capital LLC Sells 18,600 Shares of Delta Air Lines, Inc. (NYSE:DAL)

NovaPoint Capital LLC lowered its position in Delta Air Lines, Inc. (NYSE:DAL) by 56.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,324 shares of the transportation company’s stock after selling 18,600 shares during the period. NovaPoint Capital LLC’s holdings in Delta Air Lines were worth $867,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Sanders Capital LLC raised its stake in shares of Delta Air Lines by 2.8% in the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock valued at $1,414,074,000 after acquiring an additional 749,099 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Delta Air Lines by 2.8% in the third quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock valued at $789,452,000 after purchasing an additional 416,338 shares in the last quarter. Pzena Investment Management LLC acquired a new stake in shares of Delta Air Lines in the third quarter valued at approximately $281,206,000. Castle Hook Partners LP acquired a new stake in shares of Delta Air Lines in the third quarter valued at approximately $189,296,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Delta Air Lines by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,497,487 shares of the transportation company’s stock valued at $177,637,000 after purchasing an additional 10,332 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Edward H. Bastian sold 91,710 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 439,819 shares of the company’s stock, valued at approximately $30,721,357.15. This represents a 17.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP William C. Carroll sold 21,530 shares of the company’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 sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 128,423 shares of company stock worth $8,712,931 in the last quarter. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Down 0.1 %

Shares of DAL opened at $69.01 on Thursday. Delta Air Lines, Inc. has a 52 week low of $37.29 and a 52 week high of $69.98. The firm has a market cap of $44.53 billion, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 0.78 and a beta of 1.36. The firm’s 50-day simple moving average is $63.73 and its 200 day simple moving average is $54.41. 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 (NYSE:DAL) last announced its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) 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 firm had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. During the same quarter in the prior year, the business posted $1.28 EPS. The business’s revenue was up 9.4% compared to the same quarter last year. On average, analysts forecast that Delta Air Lines, Inc. will post 7.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DAL. Deutsche Bank Aktiengesellschaft raised their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Susquehanna lifted their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Citigroup lifted their target price on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $83.00 target price on shares of Delta Air Lines in a report on Friday, November 15th. Finally, StockNews.com lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $78.22.

Delta Air Lines Company 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.