Sugar Maple Asset Management LLC Invests $36,000 in Delta Air Lines, Inc. (NYSE:DAL)

Sugar Maple Asset Management LLC acquired a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 588 shares of the transportation company’s stock, valued at approximately $36,000.

Several other institutional investors have also added to or reduced their stakes in the business. Pzena Investment Management LLC bought a new stake in shares of Delta Air Lines in the third quarter valued at approximately $281,206,000. Castle Hook Partners LP bought a new stake in Delta Air Lines during the 3rd quarter valued at $189,296,000. Sanders Capital LLC lifted its position in shares of Delta Air Lines by 2.8% during the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock worth $1,414,074,000 after acquiring an additional 749,099 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Delta Air Lines by 419.5% in the third quarter. Janney Montgomery Scott LLC now owns 562,129 shares of the transportation company’s stock worth $28,551,000 after acquiring an additional 453,926 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Delta Air Lines by 2.8% in the third quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock valued at $789,452,000 after purchasing an additional 416,338 shares in the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DAL has been the topic of a number of recent research reports. Bank of America increased their price objective on Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Citigroup raised their price objective on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. TD Cowen boosted their price objective on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft increased their target price on shares of 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, Sanford C. Bernstein boosted their price target on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Fourteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $78.22.

Insider Activity at Delta Air Lines

In related news, EVP Steven M. Sear sold 10,279 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $58.72, for a total value of $603,582.88. Following the sale, the executive vice president now owns 78,459 shares in the company, valued at $4,607,112.48. This represents a 11.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Edward H. Bastian sold 68,000 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $56.33, for a total value of $3,830,440.00. Following the completion of the sale, the chief executive officer now directly owns 439,819 shares in the company, valued at $24,775,004.27. This trade represents a 13.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 125,719 shares of company stock worth $7,349,316 in the last ninety days. 0.96% of the stock is owned by company insiders.

Delta Air Lines Stock Up 3.9 %

Shares of NYSE DAL opened at $68.38 on Wednesday. The stock has a market capitalization of $44.12 billion, a P/E ratio of 12.83, a PEG ratio of 0.77 and a beta of 1.35. Delta Air Lines, Inc. has a one year low of $36.98 and a one year high of $68.99. The firm’s 50 day simple moving average is $62.91 and its two-hundred day simple moving average is $52.67. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32.

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 5.61% and a return on equity of 30.43%. The company had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter last year, the company earned $1.28 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. As a group, analysts expect that Delta Air Lines, Inc. will post 7.67 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.