Gateway Investment Advisers LLC trimmed its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 35.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,379 shares of the transportation company's stock after selling 8,896 shares during the quarter. Gateway Investment Advisers LLC's holdings in Delta Air Lines were worth $991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently bought and sold shares of DAL. Future Financial Wealth Managment LLC bought a new position in Delta Air Lines during the 3rd quarter valued at approximately $25,000. Modus Advisors LLC bought a new position in shares of Delta Air Lines during the fourth quarter valued at $33,000. Versant Capital Management Inc raised its position 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 worth $37,000 after purchasing an additional 539 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Delta Air Lines in the 3rd quarter worth about $31,000. Finally, Kimelman & Baird LLC bought a new stake in Delta Air Lines during the 2nd quarter valued at about $31,000. 69.93% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:DAL traded down $0.37 during trading on Friday, hitting $65.81. 5,974,288 shares of the company's stock were exchanged, compared to its average volume of 6,308,051. The business's 50-day simple moving average is $62.86 and its 200 day simple moving average is $52.47. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34. Delta Air Lines, Inc. has a 52-week low of $36.69 and a 52-week high of $68.99. The company has a market cap of $42.47 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 1.05 and a beta of 1.35.
Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.76 by $0.09. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The business had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. During the same quarter in the prior year, the firm earned $1.28 EPS. The business's revenue was up 9.4% on a year-over-year basis. As a group, equities analysts predict that Delta Air Lines, Inc. will post 7.35 EPS for the current year.
A number of equities research analysts have recently commented on DAL shares. Jefferies Financial Group increased their price target on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a "buy" rating in a report on Monday, November 11th. JPMorgan Chase & Co. upped their price target on Delta Air Lines from $68.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, October 11th. Citigroup lifted their price objective on Delta Air Lines from $65.00 to $76.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. StockNews.com upgraded shares of Delta Air Lines from a "hold" rating to a "buy" rating in a research note on Monday, January 13th. Finally, Barclays lifted their price target on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. Fourteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Delta Air Lines currently has a consensus rating of "Buy" and an average price target of $78.22.
Read Our Latest Stock Report on DAL
In related news, CEO Edward H. Bastian sold 68,000 shares of Delta Air Lines stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $56.33, for a total value of $3,830,440.00. Following the completion of the transaction, the chief executive officer now owns 439,819 shares in the company, valued at approximately $24,775,004.27. This trade represents a 13.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Allison C. Ausband sold 7,510 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president now owns 58,897 shares in the company, valued at approximately $3,688,130.14. This trade represents a 11.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 117,319 shares of company stock valued at $6,794,748 in the last ninety days. Corporate insiders own 0.96% of the company's stock.
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.
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