Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Inlet Private Wealth LLC

Inlet Private Wealth LLC cut its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 32.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 41,950 shares of the transportation company’s stock after selling 20,600 shares during the quarter. Inlet Private Wealth LLC’s holdings in Delta Air Lines were worth $2,538,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Crossmark Global Holdings Inc. raised its position in Delta Air Lines by 5.4% in the third quarter. Crossmark Global Holdings Inc. now owns 268,636 shares of the transportation company’s stock worth $13,644,000 after acquiring an additional 13,802 shares in the last quarter. KBC Group NV raised its holdings in shares of Delta Air Lines by 143.7% in the 3rd quarter. KBC Group NV now owns 56,611 shares of the transportation company’s stock worth $2,876,000 after purchasing an additional 33,378 shares in the last quarter. Olstein Capital Management L.P. lifted its stake in Delta Air Lines by 32.6% during the third quarter. Olstein Capital Management L.P. now owns 175,000 shares of the transportation company’s stock valued at $8,888,000 after purchasing an additional 43,000 shares during the last quarter. Donoghue Forlines LLC bought a new stake in Delta Air Lines during the fourth quarter worth approximately $2,036,000. Finally, River Road Asset Management LLC grew its position in Delta Air Lines by 22.8% in the third quarter. River Road Asset Management LLC now owns 130,608 shares of the transportation company’s stock worth $6,634,000 after buying an additional 24,249 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DAL shares. StockNews.com raised Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Citigroup lifted their price target on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Sanford C. Bernstein upped their price objective on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. TD Cowen raised their target price on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, Jefferies Financial Group boosted their price target on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a report on Monday, November 11th. Fourteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Delta Air Lines has an average rating of “Buy” and an average target price of $78.22.

Delta Air Lines Stock Down 1.9 %

Shares of Delta Air Lines stock opened at $67.24 on Friday. The firm has a market cap of $43.39 billion, a price-to-earnings ratio of 12.62, a P/E/G ratio of 0.80 and a beta of 1.35. The stock has a 50-day simple moving average of $63.59 and a 200-day simple moving average of $53.97. 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 current ratio of 0.37 and a quick ratio of 0.32.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. The firm had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.28 earnings per share. On average, equities research analysts expect that Delta Air Lines, Inc. will post 7.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Delta Air Lines news, 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 value of $1,305,148.60. Following the sale, the senior vice president now owns 19,756 shares of the company’s stock, valued at $1,197,608.72. This trade represents a 52.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Edward H. Bastian sold 91,710 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was 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 in the company, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 129,150 shares of company stock valued at $8,735,936 over the last three months. 0.96% of the stock is currently owned by insiders.

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.