Strategic Investment Advisors MI Reduces Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Strategic Investment Advisors MI decreased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 10.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,845 shares of the transportation company’s stock after selling 1,455 shares during the period. Strategic Investment Advisors MI’s holdings in Delta Air Lines were worth $717,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Future Financial Wealth Managment LLC acquired a new position in shares of Delta Air Lines in the 3rd quarter valued at about $25,000. Kimelman & Baird LLC acquired a new position in shares of Delta Air Lines in the 2nd quarter valued at about $31,000. Ashton Thomas Securities LLC acquired a new position in Delta Air Lines during the 3rd quarter valued at about $31,000. Modus Advisors LLC acquired a new position in Delta Air Lines during the 4th quarter valued at about $33,000. Finally, Harbor Investment Advisory LLC boosted its stake 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 purchasing an additional 380 shares during the period. 69.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on DAL shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Citigroup boosted their target price on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Sanford C. Bernstein boosted their target price on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Barclays boosted their target price 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, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $83.00 price target on shares of Delta Air Lines in a research note on Friday, November 15th. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $78.22.

Delta Air Lines Stock Down 0.5 %

NYSE DAL opened at $67.10 on Monday. 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 company’s 50 day simple moving average is $63.17 and its 200 day simple moving average is $53.22. Delta Air Lines, Inc. has a 12 month low of $37.29 and a 12 month high of $69.98. The company has a market capitalization of $43.30 billion, a P/E ratio of 12.59, a PEG 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 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The business had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. During the same period in the previous year, the firm earned $1.28 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts expect that Delta Air Lines, Inc. will post 7.67 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP William C. Carroll sold 21,530 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the sale, the senior vice president now owns 19,756 shares in the company, valued at $1,197,608.72. The trade was a 52.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steven M. Sear sold 10,279 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $58.72, for a total transaction of $603,582.88. Following the completion of the transaction, the executive vice president now owns 78,459 shares in the company, valued at approximately $4,607,112.48. This represents a 11.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 149,429 shares of company stock worth $9,924,819 over the last 90 days. 0.96% of the stock is owned by company insiders.

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.