First United Bank & Trust Sells 508 Shares of Delta Air Lines, Inc. (NYSE:DAL)

First United Bank & Trust lowered its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 50.0% during the fourth quarter, Holdings Channel reports. The fund owned 507 shares of the transportation company’s stock after selling 508 shares during the period. First United Bank & Trust’s holdings in Delta Air Lines were worth $31,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sanders Capital LLC grew its stake in shares of Delta Air Lines by 2.8% during the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock valued at $1,414,074,000 after purchasing an additional 749,099 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Delta Air Lines by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock worth $789,452,000 after buying an additional 416,338 shares in the last quarter. Pzena Investment Management LLC bought a new position in Delta Air Lines in the 3rd quarter valued at $281,206,000. Castle Hook Partners LP acquired a new stake in shares of Delta Air Lines in the 3rd quarter valued at $189,296,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Delta Air Lines by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,497,487 shares of the transportation company’s stock worth $177,637,000 after acquiring an additional 10,332 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on DAL. UBS Group reiterated a “buy” rating and issued a $88.00 price target on shares of Delta Air Lines in a report on Tuesday, November 26th. Susquehanna raised their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Barclays raised their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, TD Cowen upped their target price 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. Fourteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $78.22.

Insider Buying and Selling

In other Delta Air Lines news, EVP Allison C. Ausband sold 7,510 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total transaction of $470,276.20. Following the completion of the transaction, the executive vice president now owns 58,897 shares in the company, valued at approximately $3,688,130.14. This represents a 11.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP William C. Carroll sold 8,400 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $66.02, for a total value of $554,568.00. Following the completion of the sale, the senior vice president now owns 19,756 shares in the company, valued at approximately $1,304,291.12. This trade represents a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 125,719 shares of company stock worth $7,349,316 over the last ninety days. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Up 3.9 %

Shares of Delta Air Lines stock opened at $68.38 on Wednesday. The company has a market capitalization of $44.12 billion, a P/E ratio of 12.83, a price-to-earnings-growth ratio of 0.77 and a beta of 1.35. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. The business has a 50-day moving average of $62.91 and a two-hundred day moving average of $52.67. Delta Air Lines, Inc. has a 1 year low of $36.98 and a 1 year high of $68.99.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. During the same period in the prior year, the business earned $1.28 EPS. Delta Air Lines’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities analysts predict that Delta Air Lines, Inc. will post 7.67 EPS for the current year.

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 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.