Blue Trust Inc. Has $1.60 Million Stake in Delta Air Lines, Inc. (NYSE:DAL)

Blue Trust Inc. increased its stake in Delta Air Lines, Inc. (NYSE:DAL) by 10.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 26,392 shares of the transportation company’s stock after purchasing an additional 2,416 shares during the quarter. Blue Trust Inc.’s holdings in Delta Air Lines were worth $1,597,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in DAL. Mason & Associates Inc grew its position in 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 buying an additional 160 shares in the last quarter. Armstrong Advisory Group Inc. grew its holdings in shares of 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 in the last quarter. Ballentine Partners LLC increased its position in shares of Delta Air Lines by 3.7% during the fourth 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 raised its stake in shares of Delta Air Lines by 2.9% in the third quarter. Huntington National Bank now owns 6,679 shares of the transportation company’s stock valued at $339,000 after purchasing an additional 189 shares in the last quarter. Finally, Oakworth Capital Inc. lifted its position in Delta Air Lines by 16.9% in the third quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company’s stock worth $72,000 after purchasing an additional 204 shares during the period. Institutional investors own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. TD Cowen boosted their price target on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 13th. JPMorgan Chase & Co. increased their price target on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Sanford C. Bernstein raised their price target on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Jefferies Financial Group upped their price objective on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Bank of America raised their target price on Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Fourteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $78.22.

Insider Activity at Delta Air Lines

In related news, EVP Rahul D. Samant sold 10,000 shares of Delta Air Lines stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $58.53, for a total transaction of $585,300.00. Following the completion of the sale, the executive vice president now directly owns 64,163 shares of the company’s stock, valued at $3,755,460.39. The trade was a 13.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Edward H. Bastian sold 91,710 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the completion of the sale, the chief executive officer now owns 439,819 shares of the company’s stock, 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 149,429 shares of company stock worth $9,924,819 over the last 90 days. Insiders own 0.96% of the company’s stock.

Delta Air Lines Trading Up 0.8 %

DAL opened at $67.74 on Tuesday. Delta Air Lines, Inc. has a 1-year low of $37.29 and a 1-year high of $69.98. The firm has a 50-day moving average price of $63.17 and a two-hundred day moving average price of $53.27. The stock has a market capitalization of $43.71 billion, a PE ratio of 12.71, a PEG ratio of 0.79 and a beta of 1.35. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating 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 business had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. During the same quarter last year, the business posted $1.28 earnings per share. Delta Air Lines’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities analysts anticipate that Delta Air Lines, Inc. will post 7.67 earnings per share for the current fiscal year.

Delta Air Lines 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.