3,798 Shares in Delta Air Lines, Inc. (NYSE:DAL) Bought by Graypoint LLC

Graypoint LLC acquired a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,798 shares of the transportation company’s stock, valued at approximately $230,000.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Barclays increased their price objective on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Jefferies Financial Group raised their target price on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, November 11th. 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 report on Tuesday, October 8th. BNP Paribas raised Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. Finally, Susquehanna raised their target price on Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Delta Air Lines currently has an average rating of “Buy” and an average price target of $77.06.

Delta Air Lines Stock Up 9.1 %

Shares of NYSE DAL opened at $66.99 on Monday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. The firm has a market cap 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, Inc. has a 1 year low of $36.34 and a 1 year high of $68.99. The stock’s 50-day simple moving average is $62.27 and its 200-day simple moving average is $51.90.

Delta Air Lines (NYSE:DAL) last issued 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 company had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. During the same period in the previous year, the firm posted $1.28 earnings per share. Delta Air Lines’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts anticipate that Delta Air Lines, Inc. will post 6.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Delta Air Lines

In other news, EVP Allison C. Ausband sold 7,510 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total transaction of $470,276.20. Following the completion of the transaction, the executive vice president now directly owns 58,897 shares in the company, valued at approximately $3,688,130.14. The trade was a 11.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Alain Bellemare sold 19,490 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $55.26, for a total value of $1,077,017.40. Following the transaction, the executive vice president now owns 121,961 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 136,809 shares of company stock worth $7,871,765 over the last ninety days. Company 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.