Red Spruce Capital LLC Takes Position in Delta Air Lines, Inc. (NYSE:DAL)

Red Spruce Capital LLC acquired a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 27,736 shares of the transportation company’s stock, valued at approximately $1,622,000. Delta Air Lines makes up 1.4% of Red Spruce Capital LLC’s investment portfolio, making the stock its 29th largest position.

Other large investors have also added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC bought a new stake in Delta Air Lines in the 3rd quarter valued at approximately $29,000. Liberty Wealth Management LLC bought a new stake in Delta Air Lines in the 3rd quarter valued at approximately $34,000. Reilly Financial Advisors LLC bought a new stake in Delta Air Lines in the 3rd quarter valued at approximately $38,000. Covington Capital Management lifted its stake in Delta Air Lines by 35.4% in the 2nd quarter. Covington Capital Management now owns 746 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 195 shares in the last quarter. Finally, Bartlett & Co. LLC bought a new stake in Delta Air Lines in the 3rd quarter valued at approximately $42,000. Institutional investors and hedge funds own 87.31% of the company’s stock.

DAL stock opened at $61.62 on Thursday. The company has a current ratio of 0.41, a quick ratio of 0.29 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $39.85 billion, a PE ratio of 8.43, a PEG ratio of 0.61 and a beta of 1.11. Delta Air Lines, Inc. has a 1-year low of $46.84 and a 1-year high of $63.44. The business’s 50 day simple moving average is $58.03 and its 200 day simple moving average is $57.78.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Tuesday, January 14th. The transportation company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.30. The business had revenue of $11.44 billion for the quarter, compared to analyst estimates of $11.37 billion. Delta Air Lines had a return on equity of 33.28% and a net margin of 10.14%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.30 EPS. As a group, sell-side analysts predict that Delta Air Lines, Inc. will post 7.17 EPS for the current fiscal year.

In related news, CEO Edward H. Bastian sold 30,236 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $57.55, for a total transaction of $1,740,081.80. Following the transaction, the chief executive officer now directly owns 323,955 shares of the company’s stock, valued at approximately $18,643,610.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.47% of the stock is currently owned by insiders.

Several research firms have commented on DAL. Barclays set a $65.00 target price on Delta Air Lines and gave the company a “buy” rating in a research note on Thursday, October 10th. Macquarie set a $62.00 price objective on Delta Air Lines and gave the stock a “buy” rating in a research note on Friday, October 11th. Citigroup upped their price objective on Delta Air Lines from $65.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday. Stephens upped their price objective on Delta Air Lines from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Argus cut Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $66.41.

Delta Air Lines 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 route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

See Also: Which market index is the best?

Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DAL).

Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.