3,969 Shares in Delta Air Lines, Inc. (NYSE:DAL) Bought by Advance Capital Management Inc.

Advance Capital Management Inc. acquired a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,969 shares of the transportation company’s stock, valued at approximately $240,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Future Financial Wealth Managment LLC purchased a new stake in Delta Air Lines during the 3rd quarter valued at approximately $25,000. Modus Advisors LLC purchased a new position in Delta Air Lines during the 4th quarter worth $33,000. Versant Capital Management Inc increased its position in Delta Air Lines by 829.2% during 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 period. Ashton Thomas Securities LLC purchased a new position in shares of Delta Air Lines during the 3rd quarter worth approximately $31,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Delta Air Lines in the 2nd quarter valued at approximately $31,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DAL has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. TD Cowen boosted their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Citigroup increased their target price on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft boosted their price target on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Barclays raised their price objective on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a hold rating, thirteen have issued 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 price target of $75.83.

Insider Activity

In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $60.62, for a total value of $1,305,148.60. Following the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Joanne D. Smith sold 3,431 shares of Delta Air Lines stock in a transaction on Friday, October 11th. The stock was sold at an average price of $50.46, for a total transaction of $173,128.26. Following the completion of the sale, the executive vice president now owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. This trade represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 140,240 shares of company stock valued at $8,044,893 over the last quarter. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Price Performance

DAL stock traded up $0.84 during trading on Monday, hitting $59.84. The stock had a trading volume of 9,482,620 shares, compared to its average volume of 8,359,061. Delta Air Lines, Inc. has a 1-year low of $36.34 and a 1-year high of $67.50. The stock has a market cap of $38.61 billion, a price-to-earnings ratio of 8.31, a price-to-earnings-growth ratio of 1.21 and a beta of 1.35. The company’s 50 day moving average price is $61.78 and its two-hundred day moving average price is $51.44. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.02). The firm had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.65 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.03 EPS. On average, sell-side analysts forecast that Delta Air Lines, Inc. will post 6.08 EPS for the current fiscal year.

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.