First Hawaiian Bank Increases Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

First Hawaiian Bank boosted its stake in Delta Air Lines, Inc. (NYSE:DAL) by 32.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,422 shares of the transportation company’s stock after buying an additional 6,172 shares during the quarter. First Hawaiian Bank’s holdings in Delta Air Lines were worth $1,538,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Fulton Bank N.A. purchased a new position in shares of Delta Air Lines in the 4th quarter worth approximately $382,000. International Assets Investment Management LLC bought a new position in Delta Air Lines during the fourth quarter valued at about $571,000. Range Financial Group LLC purchased a new stake in Delta Air Lines during the fourth quarter worth about $363,000. Advance Capital Management Inc. purchased a new stake in shares of Delta Air Lines during the 4th quarter worth approximately $240,000. Finally, Neville Rodie & Shaw Inc. bought a new position in Delta Air Lines during the fourth quarter valued at $581,000. 69.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DAL has been the subject of several research reports. Jefferies Financial Group increased their price target on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. Barclays lifted their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Susquehanna raised their price target on Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price objective on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $77.06.

Delta Air Lines Stock Up 0.6 %

DAL stock opened at $61.52 on Friday. The company’s 50 day moving average is $62.10 and its 200 day moving average is $51.73. The stock has a market cap of $39.70 billion, a price-to-earnings ratio of 8.54, a price-to-earnings-growth ratio of 1.21 and a beta of 1.35. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05. Delta Air Lines, Inc. has a 1-year low of $36.34 and a 1-year high of $67.50.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The company had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $14.65 billion. During the same period in the prior year, the firm earned $2.03 EPS. Delta Air Lines’s quarterly revenue was up 1.2% on a year-over-year basis. Sell-side analysts predict that Delta Air Lines, Inc. will post 6.08 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Edward H. Bastian sold 68,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 439,819 shares of the company’s stock, valued at approximately $24,775,004.27. This represents a 13.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Alain Bellemare sold 19,490 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 121,961 shares of the company’s stock, valued at $6,739,564.86. This represents a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders 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.