Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Stonehearth Capital Management LLC

Stonehearth Capital Management LLC decreased its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 11.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,248 shares of the transportation company’s stock after selling 545 shares during the quarter. Stonehearth Capital Management LLC’s holdings in Delta Air Lines were worth $257,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DAL. Future Financial Wealth Managment LLC acquired a new position in shares of Delta Air Lines in the 3rd quarter worth $25,000. Kimelman & Baird LLC purchased a new position in Delta Air Lines in the 2nd quarter worth about $31,000. Ashton Thomas Securities LLC acquired a new stake in Delta Air Lines during the 3rd quarter worth about $31,000. Modus Advisors LLC purchased a new stake in Delta Air Lines during the fourth quarter valued at about $33,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Delta Air Lines in the second quarter worth about $36,000. Institutional investors own 69.93% of the company’s stock.

Insider Activity

In related news, SVP William C. Carroll sold 21,530 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the completion of the sale, the senior vice president now owns 19,756 shares in the company, valued at $1,197,608.72. This represents a 52.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Allison C. Ausband sold 7,510 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total value of $470,276.20. Following the completion of the transaction, the executive vice president now directly owns 58,897 shares in the company, valued at approximately $3,688,130.14. This represents a 11.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 140,240 shares of company stock valued at $8,044,893 over the last 90 days. 0.96% of the stock is currently owned by company insiders.

Delta Air Lines Stock Up 2.2 %

Shares of DAL stock traded up $1.33 on Tuesday, hitting $61.37. The company’s stock had a trading volume of 4,108,544 shares, compared to its average volume of 7,773,077. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34. The stock has a market capitalization of $39.60 billion, a price-to-earnings ratio of 8.52, a P/E/G ratio of 1.21 and a beta of 1.35. Delta Air Lines, Inc. has a fifty-two week low of $36.34 and a fifty-two week high of $67.50. The firm’s fifty day moving average price is $61.87 and its 200-day moving average price is $51.51.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results 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). Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The company had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.65 billion. During the same quarter last year, the company posted $2.03 EPS. The business’s revenue was up 1.2% compared to the same quarter last year. Research analysts anticipate that Delta Air Lines, Inc. will post 6.08 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DAL shares. Citigroup boosted their price target 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. Bank of America boosted their target price on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, October 11th. BNP Paribas raised Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. 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 research report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Delta Air Lines has an average rating of “Buy” and an average target price of $77.06.

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.