Thurston Springer Miller Herd & Titak Inc. Raises Stake in Delta Air Lines, Inc. (NYSE:DAL)

Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 24.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,719 shares of the transportation company’s stock after acquiring an additional 930 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Delta Air Lines were worth $286,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in shares of Delta Air Lines during the second quarter valued at approximately $302,000. American Century Companies Inc. increased its holdings in shares of Delta Air Lines by 159.8% in the 2nd quarter. American Century Companies Inc. now owns 588,436 shares of the transportation company’s stock worth $27,915,000 after purchasing an additional 361,942 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Delta Air Lines by 8.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 56,494 shares of the transportation company’s stock worth $2,754,000 after purchasing an additional 4,599 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Delta Air Lines by 33.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 36,518 shares of the transportation company’s stock valued at $1,732,000 after purchasing an additional 9,164 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Delta Air Lines by 48.2% during the second quarter. Envestnet Asset Management Inc. now owns 385,549 shares of the transportation company’s stock valued at $18,290,000 after buying an additional 125,314 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

DAL stock opened at $66.16 on Friday. Delta Air Lines, Inc. has a twelve month low of $36.69 and a twelve month high of $68.99. The firm has a market cap of $42.69 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 1.05 and a beta of 1.35. The business’s fifty day simple moving average is $62.65 and its two-hundred day simple moving average is $52.24. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05.

Delta Air Lines (NYSE:DAL) last issued 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 7.71% and a return on equity of 29.93%. The business had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. During the same period last year, the company posted $1.28 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. Analysts predict that Delta Air Lines, Inc. will post 7.35 earnings per share for the current year.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP Rahul D. Samant sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $58.53, for a total value of $585,300.00. Following the completion of the sale, the executive vice president now owns 64,163 shares of the company’s stock, valued at approximately $3,755,460.39. This trade represents a 13.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Allison C. Ausband sold 7,510 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total transaction of $470,276.20. Following the transaction, the executive vice president now owns 58,897 shares in the company, valued at approximately $3,688,130.14. This trade represents a 11.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 117,319 shares of company stock valued at $6,794,748. Company insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on DAL. Bank of America boosted their price objective on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, October 11th. Citigroup lifted their price objective on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. UBS Group reissued a “buy” rating and issued a $88.00 target price on shares of Delta Air Lines in a report on Tuesday, November 26th. Barclays boosted their price target 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. Finally, Susquehanna increased their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. Fourteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $78.22.

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.