William C. Carroll Sells 8,400 Shares of Delta Air Lines, Inc. (NYSE:DAL) Stock

Delta Air Lines, Inc. (NYSE:DAL) SVP William C. Carroll sold 8,400 shares of Delta Air Lines stock in a transaction on Friday, January 17th. The shares were sold at an average price of $66.02, for a total value 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Delta Air Lines Stock Up 3.9 %

NYSE:DAL traded up $2.56 during trading hours on Tuesday, hitting $68.38. 11,858,911 shares of the company’s stock traded hands, compared to its average volume of 10,441,894. The stock’s fifty day moving average price is $62.91 and its two-hundred day moving average price is $52.67. The firm has a market cap of $44.12 billion, a P/E ratio of 12.83, a P/E/G ratio of 0.77 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 twelve month low of $36.98 and a twelve month high of $68.99.

Delta Air Lines (NYSE:DAL) last posted its quarterly 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. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The business had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. During the same period last year, the company posted $1.28 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, research analysts expect that Delta Air Lines, Inc. will post 7.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DAL. 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. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Bank of America boosted their target price 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. JPMorgan Chase & Co. upped their price target 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, Citigroup increased their price objective on Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Fourteen 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, Delta Air Lines presently has a consensus rating of “Buy” and a consensus price target of $78.22.

Hedge Funds Weigh In On Delta Air Lines

Several institutional investors and hedge funds have recently modified their holdings of DAL. Guerra Pan Advisors LLC boosted its position in Delta Air Lines by 5.4% during the fourth quarter. Guerra Pan Advisors LLC now owns 28,481 shares of the transportation company’s stock valued at $1,723,000 after purchasing an additional 1,449 shares during the last quarter. Patton Albertson Miller Group LLC acquired a new stake in shares of Delta Air Lines during the 4th quarter valued at about $222,000. Geneos Wealth Management Inc. lifted its holdings in shares of Delta Air Lines by 19.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 3,401 shares of the transportation company’s stock valued at $206,000 after buying an additional 553 shares during the last quarter. Gradient Investments LLC bought a new stake in shares of Delta Air Lines in the 4th quarter valued at approximately $236,000. Finally, CX Institutional increased its holdings in Delta Air Lines by 26.7% in the fourth quarter. CX Institutional now owns 5,942 shares of the transportation company’s stock worth $360,000 after buying an additional 1,253 shares during the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

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.