New Millennium Group LLC Has $497,000 Stake in Delta Air Lines, Inc. (NYSE:DAL)

New Millennium Group LLC reduced its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 77.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,213 shares of the transportation company’s stock after selling 28,247 shares during the quarter. New Millennium Group LLC’s holdings in Delta Air Lines were worth $497,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Pzena Investment Management LLC bought a new stake in shares of Delta Air Lines during the third quarter worth $281,206,000. Castle Hook Partners LP acquired a new stake in Delta Air Lines in the third quarter valued at $189,296,000. Sanders Capital LLC increased its position in 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 buying an additional 749,099 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Delta Air Lines by 419.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 562,129 shares of the transportation company’s stock valued at $28,551,000 after buying an additional 453,926 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position 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 acquiring an additional 416,338 shares during the period. 69.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barclays raised their target price on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Bank of America raised their target price on Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, October 11th. Jefferies Financial Group raised their price objective on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Citigroup increased their price objective on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, UBS Group reiterated a “buy” rating and issued a $88.00 price target on shares of Delta Air Lines in a research note on Tuesday, November 26th. Fourteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $78.22.

Delta Air Lines Stock Down 1.9 %

DAL opened at $67.24 on Friday. The firm has a market capitalization of $43.39 billion, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 0.80 and a beta of 1.35. 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 company has a fifty day moving average price of $63.51 and a 200-day moving average price of $53.80. 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 announced its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (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 analyst estimates 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 quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.28 earnings per share. Equities research analysts expect that Delta Air Lines, Inc. will post 7.67 earnings per share for the current fiscal year.

Insider Buying and Selling at Delta Air Lines

In other news, SVP William C. Carroll sold 21,530 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were 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 directly owns 19,756 shares of the company’s stock, valued at $1,197,608.72. This represents a 52.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Allison C. Ausband sold 7,510 shares of Delta Air Lines stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total value of $470,276.20. Following the transaction, the executive vice president now owns 58,897 shares of the company’s stock, valued at $3,688,130.14. The trade was a 11.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,150 shares of company stock worth $8,735,936 over the last three months. Company 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.