Inspire Investing LLC Has $827,000 Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Inspire Investing LLC lessened its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 24.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,662 shares of the transportation company’s stock after selling 4,488 shares during the period. Inspire Investing LLC’s holdings in Delta Air Lines were worth $827,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mason & Associates Inc grew its position in shares of Delta Air Lines by 3.2% during the 4th quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company’s stock valued at $308,000 after acquiring an additional 160 shares during the period. Armstrong Advisory Group Inc. lifted its stake in 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 worth $110,000 after purchasing an additional 175 shares in the last quarter. Ballentine Partners LLC lifted 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 in the last quarter. Huntington National Bank lifted its stake in Delta Air Lines by 2.9% in 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. raised its position in shares of Delta Air Lines by 16.9% during the 3rd quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company’s stock valued at $72,000 after buying an additional 204 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Trading Down 0.5 %

Shares of DAL opened at $67.10 on Friday. The firm’s 50-day moving average price is $63.11 and its 200-day moving average price is $53.04. The firm has a market capitalization of $43.30 billion, a price-to-earnings ratio of 12.59, 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, Inc. has a 1-year low of $37.29 and a 1-year high of $69.98.

Delta Air Lines (NYSE:DAL) last announced its 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 firm had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. During the same quarter in the previous year, the firm posted $1.28 EPS. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. Sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.67 EPS for the current year.

Analyst Ratings Changes

DAL has been the topic of a number of analyst reports. StockNews.com upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. 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 report on Tuesday, October 8th. Citigroup lifted their target price on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. UBS Group reissued a “buy” rating and issued a $88.00 price target on shares of Delta Air Lines in a report on Tuesday, November 26th. Finally, Susquehanna raised their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Fourteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Delta Air Lines has an average rating of “Buy” and an average price target of $78.22.

Insider Activity at Delta Air Lines

In related news, SVP William C. Carroll sold 8,400 shares of Delta Air Lines stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $66.02, for a total transaction of $554,568.00. Following the completion of the transaction, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at $1,304,291.12. This trade represents a 29.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Edward H. Bastian sold 68,000 shares of Delta Air Lines stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $56.33, for a total transaction of $3,830,440.00. Following the transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at approximately $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 a total of 217,429 shares of company stock valued at $13,755,259 in the last three months. Company insiders own 0.96% of the company’s stock.

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.