Rosenberg Matthew Hamilton Sells 178 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Rosenberg Matthew Hamilton reduced its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 7.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,251 shares of the transportation company’s stock after selling 178 shares during the period. Rosenberg Matthew Hamilton’s holdings in Delta Air Lines were worth $136,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Future Financial Wealth Managment LLC bought a new stake in shares of Delta Air Lines during the 3rd quarter valued at about $25,000. Kimelman & Baird LLC purchased a new stake in shares of Delta Air Lines in the 2nd quarter worth approximately $31,000. Ashton Thomas Securities LLC bought a new position in shares of Delta Air Lines during the third quarter valued at $31,000. Modus Advisors LLC bought a new stake in Delta Air Lines during the 4th quarter valued at about $33,000. Finally, Versant Capital Management Inc increased its position in shares of Delta Air Lines by 829.2% during the fourth quarter. Versant Capital Management Inc now owns 604 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 539 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Stock Up 1.6 %

Shares of DAL opened at $66.16 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05. Delta Air Lines, Inc. has a 52-week low of $36.34 and a 52-week high of $68.99. The company has a market cap of $42.69 billion, a PE ratio of 9.19, a P/E/G ratio of 1.17 and a beta of 1.35. The business has a fifty day moving average of $62.59 and a 200 day moving average of $52.15.

Delta Air Lines (NYSE:DAL) last released its 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 return on equity of 29.93% and a net margin of 7.71%. The firm had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter in the prior year, the firm posted $1.28 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts expect that Delta Air Lines, Inc. will post 6.08 EPS for the current year.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the completion of the sale, the senior vice president now owns 19,756 shares in the company, valued at $1,197,608.72. This represents a 52.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Allison C. Ausband sold 7,510 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total value of $470,276.20. Following the sale, the executive vice president now owns 58,897 shares of the company’s stock, valued at $3,688,130.14. This trade represents a 11.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 136,809 shares of company stock worth $7,871,765 in the last 90 days. 0.96% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DAL shares. The Goldman Sachs Group reissued a “buy” rating and issued a $83.00 target price on shares of Delta Air Lines in a research report on Friday, November 15th. Susquehanna boosted their price target on Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. UBS Group reiterated a “buy” rating and issued a $88.00 price target on shares of Delta Air Lines in a research report on Tuesday, November 26th. BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Fourteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $78.22.

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.