Olstein Capital Management L.P. Trims Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Olstein Capital Management L.P. decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 29.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,000 shares of the transportation company’s stock after selling 51,000 shares during the quarter. Olstein Capital Management L.P.’s holdings in Delta Air Lines were worth $7,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Mason & Associates Inc boosted its stake in Delta Air Lines by 3.2% in the 4th quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company’s stock worth $308,000 after purchasing an additional 160 shares during the period. Armstrong Advisory Group Inc. grew its stake in Delta Air Lines by 10.6% during the fourth 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 increased its holdings in Delta Air Lines by 3.7% during the 4th quarter. Ballentine Partners LLC now owns 5,267 shares of the transportation company’s stock worth $319,000 after acquiring an additional 188 shares during the period. 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. boosted its holdings in Delta Air Lines by 16.9% in the 3rd quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company’s stock valued at $72,000 after purchasing an additional 204 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Down 0.5 %

DAL opened at $67.10 on Friday. The company has a market cap of $43.30 billion, a P/E ratio of 12.59, a P/E/G ratio of 0.79 and a beta of 1.35. Delta Air Lines, Inc. has a 12 month low of $37.29 and a 12 month 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 business’s 50-day moving average price is $63.17 and its 200-day moving average price is $53.18.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 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 analyst estimates of $14.20 billion. During the same period in the prior year, the business posted $1.28 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. On average, equities analysts expect that Delta Air Lines, Inc. will post 7.67 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DAL. TD Cowen increased their price objective on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. StockNews.com raised Delta Air Lines from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Citigroup boosted their price objective on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. raised their target price on shares of Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Finally, Susquehanna boosted their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. Fourteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $78.22.

Insider Activity at Delta Air Lines

In other news, SVP William C. Carroll sold 8,400 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $66.02, for a total value of $554,568.00. Following the completion of the transaction, the senior vice president now owns 19,756 shares of the company’s stock, valued at approximately $1,304,291.12. This represents a 29.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 68,000 shares of Delta Air Lines stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $56.33, for a total value of $3,830,440.00. Following the sale, the chief executive officer now owns 439,819 shares in the company, valued at $24,775,004.27. This represents a 13.39 % decrease in their ownership of the stock. 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 in the last 90 days. Company insiders own 0.96% of the company’s stock.

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.