Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Moody National Bank Trust Division

Posted by Defense World Staff on Mar 20th, 2023

Moody National Bank Trust Division reduced its holdings in Delta Air Lines, Inc. (NYSE:DAL – Get Rating) by 6.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,708 shares of the transportation company’s stock after selling 1,166 shares during the quarter. Moody National Bank Trust Division’s holdings in Delta Air Lines were worth $549,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Accurate Wealth Management LLC acquired a new stake in Delta Air Lines during the fourth quarter worth about $82,000. EWG Elevate Inc. acquired a new stake in Delta Air Lines during the fourth quarter worth about $126,000. Kwmg LLC increased its stake in Delta Air Lines by 3.2% during the fourth quarter. Kwmg LLC now owns 116,703 shares of the transportation company’s stock worth $3,835,000 after acquiring an additional 3,666 shares during the last quarter. RDA Financial Network acquired a new stake in Delta Air Lines during the fourth quarter worth about $216,000. Finally, Coldstream Capital Management Inc. acquired a new stake in Delta Air Lines during the fourth quarter worth about $390,000. 66.47% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Trading Down 2.2 %

NYSE:DAL opened at $32.96 on Monday. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 3.14. The business’s 50 day moving average is $38.15 and its two-hundred day moving average is $34.63. Delta Air Lines, Inc. has a 52 week low of $27.20 and a 52 week high of $46.27. The company has a market cap of $21.14 billion, a PE ratio of 16.16, a P/E/G ratio of 0.22 and a beta of 1.26.

Delta Air Lines (NYSE:DAL – Get Rating) last released its earnings results on Friday, January 13th. The transportation company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.17. Delta Air Lines had a return on equity of 45.69% and a net margin of 2.61%. The company had revenue of $13.44 billion for the quarter, compared to the consensus estimate of $13.03 billion. On average, analysts predict that Delta Air Lines, Inc. will post 5.16 EPS for the current year.

Wall Street Analyst Weigh In

DAL has been the subject of several research analyst reports. Evercore ISI upgraded Delta Air Lines from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $40.00 to $47.00 in a research note on Tuesday, March 7th. Jefferies Financial Group upped their target price on Delta Air Lines from $40.00 to $45.00 in a research report on Wednesday, January 11th. Raymond James upped their target price on Delta Air Lines from $52.00 to $53.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, January 17th. Argus raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Thursday, January 5th. Finally, Barclays upped their target price on Delta Air Lines from $44.00 to $48.00 in a research report on Friday, March 10th. One research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $49.47.

Insiders Place Their Bets

In other Delta Air Lines news, SVP William C. Carroll sold 5,481 shares of the stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $40.01, for a total transaction of $219,294.81. Following the transaction, the senior vice president now owns 8,720 shares of the company’s stock, valued at approximately $348,887.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Rahul D. Samant sold 13,124 shares of the stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of $38.77, for a total transaction of $508,817.48. Following the sale, the executive vice president now directly owns 57,383 shares in the company, valued at approximately $2,224,738.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP William C. Carroll sold 5,481 shares of the stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $40.01, for a total value of $219,294.81. Following the sale, the senior vice president now owns 8,720 shares in the company, valued at $348,887.20. The disclosure for this sale can be found here. Insiders have sold a total of 43,980 shares of company stock valued at $1,696,902 in the last quarter. Insiders own 0.84% of the company’s stock.

About Delta Air Lines

(Get Rating)

Delta Air Lines, Inc engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment provides jet fuel to the airline segment.