33,656 Shares in Delta Air Lines, Inc. (NYSE:DAL) Bought by Donoghue Forlines LLC

Donoghue Forlines LLC bought a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 33,656 shares of the transportation company’s stock, valued at approximately $2,036,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mason & Associates Inc lifted its stake 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 valued at $308,000 after buying an additional 160 shares in the last quarter. Armstrong Advisory Group Inc. lifted its position in shares of Delta Air Lines by 10.6% in the 4th quarter. Armstrong Advisory Group Inc. now owns 1,820 shares of the transportation company’s stock valued at $110,000 after acquiring an additional 175 shares in the last quarter. Ballentine Partners LLC boosted its stake in Delta Air Lines by 3.7% in the 4th quarter. Ballentine Partners LLC now owns 5,267 shares of the transportation company’s stock worth $319,000 after purchasing an additional 188 shares during the period. Huntington National Bank grew its position in Delta Air Lines by 2.9% during the 3rd quarter. Huntington National Bank now owns 6,679 shares of the transportation company’s stock worth $339,000 after purchasing an additional 189 shares in the last quarter. Finally, Oakworth Capital Inc. boosted its position in shares of 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 buying an additional 204 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

DAL has been the subject of a number of research reports. Citigroup raised their price objective on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. 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 report on Thursday, November 21st. JPMorgan Chase & Co. boosted their price target on shares of Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Susquehanna increased their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Finally, Barclays upped their target price on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $78.22.

Delta Air Lines Price Performance

NYSE DAL opened at $67.92 on Thursday. The company has a market cap of $43.83 billion, a P/E ratio of 12.76, a P/E/G ratio of 0.80 and a beta of 1.35. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The company has a fifty day simple moving average of $63.06 and a 200 day simple moving average of $52.94.

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

Insiders Place Their Bets

In related news, CEO Edward H. Bastian sold 68,000 shares of Delta Air Lines stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $56.33, for a total transaction of $3,830,440.00. Following the sale, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $24,775,004.27. This trade represents a 13.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Rahul D. Samant sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $58.53, for a total value of $585,300.00. Following the completion of the transaction, the executive vice president now directly 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 125,719 shares of company stock valued at $7,349,316 in the last three months. Company insiders own 0.96% of the company’s stock.

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.