Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by E&G Advisors LP

E&G Advisors LP trimmed its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,300 shares of the transportation company’s stock after selling 300 shares during the quarter. E&G Advisors LP’s holdings in Delta Air Lines were worth $1,043,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DAL. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Delta Air Lines in the 2nd quarter worth about $338,000. Park Avenue Securities LLC lifted its position in shares of Delta Air Lines by 6.2% in the third quarter. Park Avenue Securities LLC now owns 11,238 shares of the transportation company’s stock valued at $571,000 after acquiring an additional 661 shares in the last quarter. Czech National Bank boosted its stake in shares of Delta Air Lines by 6.2% in the third quarter. Czech National Bank now owns 130,630 shares of the transportation company’s stock worth $6,635,000 after acquiring an additional 7,660 shares during the last quarter. Smith Anglin Financial LLC increased its position in shares of Delta Air Lines by 20.3% during the third quarter. Smith Anglin Financial LLC now owns 40,200 shares of the transportation company’s stock worth $2,042,000 after purchasing an additional 6,791 shares in the last quarter. Finally, Kwmg LLC raised its stake in Delta Air Lines by 2.6% in the 3rd quarter. Kwmg LLC now owns 123,453 shares of the transportation company’s stock valued at $6,270,000 after purchasing an additional 3,087 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

DAL has been the topic of several recent research reports. Sanford C. Bernstein lifted their target price 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. Bank of America boosted their price target on shares of Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Barclays raised their target price on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. StockNews.com upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Finally, Citigroup increased their price target on Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Fourteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Delta Air Lines has a consensus rating of “Buy” and an average price target of $78.22.

Delta Air Lines Trading Down 1.1 %

NYSE DAL opened at $66.55 on Tuesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. The stock has a market capitalization of $42.94 billion, a P/E ratio of 12.49, a PEG ratio of 0.78 and a beta of 1.35. The firm’s 50-day moving average is $63.59 and its two-hundred day moving average is $54.09. Delta Air Lines, Inc. has a 12 month low of $37.29 and a 12 month high of $69.98.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. During the same period in the prior year, the business posted $1.28 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.67 earnings per share for the current year.

Insider Activity at Delta Air Lines

In other news, EVP Allison C. Ausband sold 7,510 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total transaction of $470,276.20. Following the completion of the transaction, the executive vice president now directly owns 58,897 shares of the company’s stock, valued at approximately $3,688,130.14. The trade was a 11.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 439,819 shares of the company’s stock, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,150 shares of company stock worth $8,735,936. 0.96% of the stock is currently owned by company insiders.

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.