Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Strategic Investment Advisors MI

Strategic Investment Advisors MI decreased its position in Delta Air Lines, Inc. (NYSE:DAL) by 10.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,845 shares of the transportation company’s stock after selling 1,455 shares during the quarter. Strategic Investment Advisors MI’s holdings in Delta Air Lines were worth $717,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC purchased a new stake in Delta Air Lines in the third quarter valued at approximately $25,000. Kimelman & Baird LLC purchased a new stake in Delta Air Lines in the second quarter valued at approximately $31,000. Ashton Thomas Securities LLC purchased a new stake in Delta Air Lines in the third quarter valued at approximately $31,000. Modus Advisors LLC purchased a new stake in Delta Air Lines in the fourth quarter valued at approximately $33,000. Finally, Harbor Investment Advisory LLC raised its position in Delta Air Lines by 217.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 555 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 380 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Barclays upped their price objective on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Citigroup upped their price objective on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Bank of America upped their price objective on Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft upped their price objective on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, TD Cowen upped their price objective on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Fourteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $78.22.

Insider Transactions at Delta Air Lines

In other news, EVP Rahul D. Samant sold 10,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $58.53, for a total transaction of $585,300.00. Following the completion of the sale, the executive vice president now owns 64,163 shares in the company, valued at approximately $3,755,460.39. This represents a 13.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Allison C. Ausband sold 7,510 shares of the 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 transaction, the executive vice president now directly owns 58,897 shares of the company’s stock, valued at $3,688,130.14. This represents a 11.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 149,429 shares of company stock worth $9,924,819. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Performance

NYSE DAL opened at $67.10 on Monday. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98. The company has a market capitalization of $43.30 billion, a PE ratio of 12.59, a P/E/G ratio of 0.79 and a beta of 1.35. The company has a fifty day moving average of $63.17 and a two-hundred day moving average of $53.22. 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 announced its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share 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 the consensus estimate of $14.20 billion. During the same quarter in the prior year, the firm earned $1.28 earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, analysts expect that Delta Air Lines, Inc. will post 7.67 earnings per share for the current year.

About Delta Air Lines

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.