Traynor Capital Management Inc. Cuts Stake in Delta Air Lines, Inc. (NYSE:DAL)

Traynor Capital Management Inc. decreased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 12.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,937 shares of the transportation company’s stock after selling 541 shares during the quarter. Traynor Capital Management Inc.’s holdings in Delta Air Lines were worth $238,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Future Financial Wealth Managment LLC acquired a new stake in shares of Delta Air Lines during the 3rd quarter worth $25,000. Modus Advisors LLC acquired a new stake in Delta Air Lines during the fourth quarter worth about $33,000. Harbor Investment Advisory LLC raised its holdings in shares of Delta Air Lines by 217.1% in the 4th quarter. Harbor Investment Advisory LLC now owns 555 shares of the transportation company’s stock worth $34,000 after purchasing an additional 380 shares during the period. Sugar Maple Asset Management LLC purchased a new position in shares of Delta Air Lines in the 4th quarter worth about $36,000. Finally, Versant Capital Management Inc lifted its stake in shares of Delta Air Lines by 829.2% in the 4th quarter. Versant Capital Management Inc now owns 604 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 539 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling

In other news, CEO Edward H. Bastian sold 68,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $56.33, for a total value of $3,830,440.00. Following the transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $24,775,004.27. This trade represents a 13.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Rahul D. Samant sold 10,000 shares of the business’s 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 sale, the executive vice president now directly owns 64,163 shares of the company’s stock, valued at approximately $3,755,460.39. This represents a 13.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 217,429 shares of company stock worth $13,755,259 over the last ninety days. 0.96% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DAL has been the topic of a number of recent research reports. TD Cowen lifted their price target on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft increased their price target on Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Barclays upped their target price 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. Sanford C. Bernstein raised their target price on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. upped their price target on Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Fourteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $78.22.

Delta Air Lines Price Performance

Shares of DAL stock opened at $67.41 on Friday. The firm has a market cap of $43.50 billion, a P/E ratio of 12.65, a P/E/G ratio of 0.80 and a beta of 1.35. The firm has a fifty day moving average of $63.06 and a two-hundred day moving average of $52.94. 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, Inc. has a 1-year low of $37.29 and a 1-year high of $69.98.

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