Fulton Bank N.A. Makes New Investment in Delta Air Lines, Inc. (NYSE:DAL)

Fulton Bank N.A. acquired a new stake in Delta Air Lines, Inc. (NYSE:DAL) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 6,321 shares of the transportation company’s stock, valued at approximately $382,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sanders Capital LLC boosted its position in Delta Air Lines by 2.8% during the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock valued at $1,414,074,000 after buying an additional 749,099 shares during the period. Geode Capital Management LLC raised its holdings in Delta Air Lines by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock valued at $789,452,000 after buying an additional 416,338 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Delta Air Lines by 12.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock valued at $471,330,000 after buying an additional 1,105,674 shares during the period. Pzena Investment Management LLC bought a new stake in Delta Air Lines in the 3rd quarter worth $281,206,000. Finally, Castle Hook Partners LP purchased a new position in shares of Delta Air Lines in the third quarter valued at about $189,296,000. Institutional investors own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DAL. Sanford C. Bernstein raised their target price on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. TD Cowen boosted their target price on Delta Air Lines from $59.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. raised their price target on Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $83.00 target price on shares of Delta Air Lines in a research note on Friday, November 15th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $77.06.

Delta Air Lines Stock Up 9.1 %

Shares of NYSE:DAL opened at $66.99 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05. The stock has a fifty day simple moving average of $62.27 and a two-hundred day simple moving average of $51.85. Delta Air Lines, Inc. has a 12-month low of $36.34 and a 12-month high of $68.99. The stock has a market capitalization of $43.23 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 1.21 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $14.20 billion. During the same quarter in the previous year, the firm earned $1.28 EPS. Delta Air Lines’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, research analysts anticipate that Delta Air Lines, Inc. will post 6.08 earnings per share for the current fiscal year.

Insider Transactions at Delta Air Lines

In related news, EVP Alain Bellemare sold 19,490 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $55.26, for a total transaction of $1,077,017.40. Following the sale, the executive vice president now directly owns 121,961 shares of the company’s stock, valued at $6,739,564.86. This trade represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 value 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. This trade represents a 11.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 136,809 shares of company stock worth $7,871,765. Corporate 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.