Wealth Effects LLC Sells 1,420 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Wealth Effects LLC lessened its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 10.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,825 shares of the transportation company’s stock after selling 1,420 shares during the period. Wealth Effects LLC’s holdings in Delta Air Lines were worth $715,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in DAL. Mason & Associates Inc grew its stake in shares of Delta Air Lines by 3.2% during the fourth quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company’s stock worth $308,000 after purchasing an additional 160 shares during the period. Armstrong Advisory Group Inc. grew its position in shares of Delta Air Lines by 10.6% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,820 shares of the transportation company’s stock worth $110,000 after buying an additional 175 shares during the period. Ballentine Partners LLC increased its stake in shares of Delta Air Lines by 3.7% in the 4th quarter. Ballentine Partners LLC now owns 5,267 shares of the transportation company’s stock valued at $319,000 after acquiring an additional 188 shares during the last quarter. Huntington National Bank raised its position in shares of Delta Air Lines by 2.9% in the 3rd quarter. Huntington National Bank now owns 6,679 shares of the transportation company’s stock valued at $339,000 after acquiring an additional 189 shares during the period. Finally, Oakworth Capital Inc. boosted its stake in Delta Air Lines by 16.9% during the 3rd quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company’s stock worth $72,000 after acquiring an additional 204 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Up 0.8 %

Delta Air Lines stock opened at $67.74 on Tuesday. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a 1-year low of $37.29 and a 1-year high of $69.98. The company has a fifty day simple moving average of $63.17 and a 200 day simple moving average of $53.27. The company has a market cap of $43.71 billion, a P/E ratio of 12.71, a price-to-earnings-growth ratio of 0.79 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last released 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 business had revenue of $15.56 billion for 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 revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.28 earnings per share. Research analysts anticipate that Delta Air Lines, Inc. will post 7.67 earnings per share for the current fiscal year.

Insider Activity

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Rahul D. Samant sold 10,000 shares of Delta Air Lines 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 transaction, the executive vice president now directly owns 64,163 shares of the company’s stock, valued at approximately $3,755,460.39. This trade represents a 13.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 149,429 shares of company stock valued at $9,924,819. 0.96% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have commented on DAL shares. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. UBS Group reaffirmed a “buy” rating and set a $88.00 price objective on shares of Delta Air Lines in a research note on Tuesday, November 26th. JPMorgan Chase & Co. boosted their target price on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. TD Cowen raised their price target 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. Finally, Jefferies Financial Group boosted their price objective 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. Fourteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Delta Air Lines currently has an average rating of “Buy” and a consensus target price of $78.22.

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.