Guerra Pan Advisors LLC Has $1.72 Million Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Guerra Pan Advisors LLC raised its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 5.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 28,481 shares of the transportation company’s stock after purchasing an additional 1,449 shares during the period. Delta Air Lines makes up approximately 1.2% of Guerra Pan Advisors LLC’s portfolio, making the stock its 26th biggest holding. Guerra Pan Advisors LLC’s holdings in Delta Air Lines were worth $1,723,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in DAL. Future Financial Wealth Managment LLC acquired a new position in Delta Air Lines during the 3rd quarter valued at about $25,000. Kimelman & Baird LLC bought a new position in shares of Delta Air Lines during the 2nd quarter worth approximately $31,000. Ashton Thomas Securities LLC bought a new position in shares of Delta Air Lines during the 3rd quarter worth approximately $31,000. Modus Advisors LLC bought a new position in shares of Delta Air Lines during the 4th quarter worth approximately $33,000. Finally, Harbor Investment Advisory LLC lifted its position in shares of Delta Air Lines by 217.1% during the 4th quarter. Harbor Investment Advisory LLC now owns 555 shares of the transportation company’s stock worth $34,000 after buying an additional 380 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

Delta Air Lines stock opened at $67.10 on Friday. The company has a market capitalization of $43.30 billion, a PE ratio of 12.59, a P/E/G ratio of 0.79 and a beta of 1.35. 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, Inc. has a twelve month low of $37.29 and a twelve month high of $69.98. The firm has a fifty day simple moving average of $63.17 and a two-hundred day simple moving average of $53.18.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. The business had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.28 earnings per share. Research analysts expect that Delta Air Lines, Inc. will post 7.67 EPS for the current year.

Insider Activity

In related news, SVP William C. Carroll sold 21,530 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now owns 19,756 shares in the company, valued at approximately $1,197,608.72. This trade represents a 52.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the completion of the sale, the chief executive officer now owns 439,819 shares in the company, valued at $30,721,357.15. This represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 217,429 shares of company stock worth $13,755,259 over the last 90 days. 0.96% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on DAL shares. Jefferies Financial Group lifted their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Citigroup lifted their price target on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Barclays lifted their price target on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Sanford C. Bernstein lifted their price target on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Finally, StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Fourteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price 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.