Harbor Investment Advisory LLC Has $34,000 Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Harbor Investment Advisory LLC raised its stake in Delta Air Lines, Inc. (NYSE:DAL) by 217.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 555 shares of the transportation company’s stock after buying an additional 380 shares during the period. Harbor Investment Advisory LLC’s holdings in Delta Air Lines were worth $34,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in DAL. Pzena Investment Management LLC acquired a new stake in Delta Air Lines in the third quarter valued at approximately $281,206,000. Castle Hook Partners LP acquired a new position in shares of Delta Air Lines during the third quarter worth $189,296,000. Sanders Capital LLC lifted its holdings in shares of Delta Air Lines by 2.8% during the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock worth $1,414,074,000 after purchasing an additional 749,099 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Delta Air Lines by 419.5% during the third quarter. Janney Montgomery Scott LLC now owns 562,129 shares of the transportation company’s stock worth $28,551,000 after purchasing an additional 453,926 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Delta Air Lines by 2.8% during the third quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock worth $789,452,000 after purchasing an additional 416,338 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Trading Down 0.8 %

NYSE:DAL opened at $67.82 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. The firm has a 50-day moving average of $62.99 and a 200-day moving average of $52.83. The company has a market cap of $43.76 billion, a PE ratio of 12.72, a PEG ratio of 0.77 and a beta of 1.35. Delta Air Lines, Inc. has a one year low of $37.29 and a one year high of $69.98.

Delta Air Lines (NYSE:DAL) last posted its 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. The company had revenue of $15.56 billion during 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%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.28 earnings per share. As a group, equities research analysts expect that Delta Air Lines, Inc. will post 7.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DAL. The Goldman Sachs Group reiterated a “buy” rating and set a $83.00 price target on shares of Delta Air Lines in a report on Friday, November 15th. StockNews.com upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Monday, January 13th. UBS Group reissued a “buy” rating and set a $88.00 target price on shares of Delta Air Lines in a research note on Tuesday, November 26th. Bank of America lifted their target price on shares of Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Finally, 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 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $78.22.

Insider Transactions at Delta Air Lines

In related news, CEO Edward H. Bastian sold 68,000 shares of the business’s stock in a transaction dated 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. The trade was a 13.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction, 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. Insiders sold a total of 125,719 shares of company stock valued at $7,349,316 over the last three months. Corporate insiders own 0.96% of the company’s stock.

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.