Patton Albertson Miller Group LLC Makes New $222,000 Investment in Delta Air Lines, Inc. (NYSE:DAL)

Patton Albertson Miller Group LLC acquired a new position in Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,677 shares of the transportation company’s stock, valued at approximately $222,000.

Other hedge funds have also recently made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new position in Delta Air Lines during the third quarter worth $25,000. Modus Advisors LLC acquired a new position in Delta Air Lines during the 4th quarter worth about $33,000. Harbor Investment Advisory LLC boosted its holdings in Delta Air Lines by 217.1% during the 4th quarter. Harbor Investment Advisory LLC now owns 555 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 380 shares during the period. Sugar Maple Asset Management LLC acquired a new position in Delta Air Lines in the 4th quarter valued at about $36,000. Finally, Versant Capital Management Inc lifted its position in shares of Delta Air Lines by 829.2% during the fourth quarter. Versant Capital Management Inc now owns 604 shares of the transportation company’s stock worth $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.

Insiders Place Their Bets

In related news, EVP Rahul D. Samant sold 10,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $58.53, for a total value of $585,300.00. Following the transaction, the executive vice president now owns 64,163 shares in the company, valued at $3,755,460.39. The trade was a 13.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the sale, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at approximately $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 217,429 shares of company stock valued at $13,755,259 over the last quarter. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Trading Down 0.5 %

Shares of Delta Air Lines stock opened at $67.10 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The company has a fifty day simple moving average of $63.17 and a 200-day simple moving average of $53.18. The stock has a market cap of $43.30 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 0.79 and a beta of 1.35. Delta Air Lines, Inc. has a 12-month low of $37.29 and a 12-month high of $69.98.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Susquehanna upped their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. TD Cowen increased their price objective on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, January 13th. The Goldman Sachs Group reissued a “buy” rating and set a $83.00 target price on shares of Delta Air Lines in a research note on Friday, November 15th. Jefferies Financial Group increased their price target on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Citigroup boosted 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. Fourteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Delta Air Lines has a consensus rating of “Buy” and an average target price of $78.22.

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.