Delta Air Lines, Inc. (NYSE:DAL) SVP Sells $554,568.00 in Stock

Delta Air Lines, Inc. (NYSE:DAL) SVP William C. Carroll sold 8,400 shares of the 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 transaction, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,304,291.12. This represents a 29.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Delta Air Lines Stock Performance

Shares of DAL stock traded up $2.56 during mid-day trading on Tuesday, reaching $68.38. The stock had a trading volume of 11,858,911 shares, compared to its average volume of 10,441,894. Delta Air Lines, Inc. has a one year low of $36.98 and a one year high of $68.99. The firm has a market cap of $44.12 billion, a PE ratio of 12.83, a P/E/G ratio of 0.77 and a beta of 1.35. The firm’s 50 day simple moving average is $62.91 and its 200 day simple moving average is $52.67. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating 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 analyst estimates of $14.20 billion. During the same period in the prior year, the company posted $1.28 earnings per share. Delta Air Lines’s revenue was up 9.4% on a year-over-year basis. On average, analysts forecast that Delta Air Lines, Inc. will post 7.67 EPS for the current year.

Hedge Funds Weigh In On Delta Air Lines

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mason & Associates Inc boosted its holdings 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 acquiring an additional 160 shares during the period. Armstrong Advisory Group Inc. lifted its holdings in 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 purchasing an additional 175 shares during the last quarter. Ballentine Partners LLC boosted its stake in 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 purchasing an additional 188 shares during the period. Huntington National Bank grew its holdings in 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 buying an additional 189 shares in the last quarter. Finally, Oakworth Capital Inc. increased its position 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 buying an additional 204 shares during the period. 69.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DAL. Susquehanna upped their target price on Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. upped their price objective on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. StockNews.com upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Citigroup boosted their target price on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, UBS Group reiterated a “buy” rating and issued a $88.00 price objective on shares of Delta Air Lines in a research note on Tuesday, November 26th. Fourteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Delta Air Lines presently has an average rating of “Buy” and a consensus price target of $78.22.

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.