Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Arkadios Wealth Advisors

Posted by on Mar 21st, 2023

Arkadios Wealth Advisors decreased its position in shares of Delta Air Lines, Inc. (NYSE:DAL – Get Rating) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,478 shares of the transportation company’s stock after selling 745 shares during the quarter. Arkadios Wealth Advisors’ holdings in Delta Air Lines were worth $344,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of DAL. Acadian Asset Management LLC acquired a new position in Delta Air Lines in the first quarter valued at about $217,000. Panagora Asset Management Inc. lifted its position in Delta Air Lines by 41.8% in the first quarter. Panagora Asset Management Inc. now owns 25,838 shares of the transportation company’s stock valued at $1,022,000 after buying an additional 7,616 shares during the last quarter. APG Asset Management N.V. acquired a new position in Delta Air Lines in the first quarter valued at about $243,000. Raymond James Trust N.A. lifted its position in Delta Air Lines by 20.7% in the first quarter. Raymond James Trust N.A. now owns 9,918 shares of the transportation company’s stock valued at $392,000 after buying an additional 1,700 shares during the last quarter. Finally, Cibc World Market Inc. lifted its position in Delta Air Lines by 3.1% in the first quarter. Cibc World Market Inc. now owns 29,508 shares of the transportation company’s stock valued at $1,168,000 after buying an additional 891 shares during the last quarter. Institutional investors and hedge funds own 66.47% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on DAL shares. Argus raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Thursday, January 5th. StockNews.com started coverage on shares of Delta Air Lines in a research note on Thursday, March 16th. They set a “hold” rating on the stock. Barclays boosted their price target on shares of Delta Air Lines from $44.00 to $48.00 in a research note on Friday, March 10th. Redburn Partners upgraded shares of Delta Air Lines from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Wednesday, February 8th. Finally, The Goldman Sachs Group started coverage on shares of Delta Air Lines in a research note on Friday, December 16th. They set a “buy” rating and a $40.00 price target on the stock. One investment analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $49.47.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 15,529 shares of the stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $38.20, for a total value of $593,207.80. Following the transaction, the senior vice president now directly owns 16,780 shares in the company, valued at $640,996. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP William C. Carroll sold 15,529 shares of the stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $38.20, for a total value of $593,207.80. Following the completion of the sale, the senior vice president now directly owns 16,780 shares of the company’s stock, valued at $640,996. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Glen W. Hauenstein sold 5,000 shares of the stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $37.87, for a total value of $189,350.00. Following the completion of the sale, the president now directly owns 278,712 shares of the company’s stock, valued at $10,554,823.44. The disclosure for this sale can be found here. Insiders have sold 43,980 shares of company stock worth $1,696,902 over the last three months. Insiders own 0.84% of the company’s stock.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock opened at $33.14 on Tuesday. The firm has a market capitalization of $21.25 billion, a P/E ratio of 16.25, a P/E/G ratio of 0.21 and a beta of 1.26. Delta Air Lines, Inc. has a 52 week low of $27.20 and a 52 week high of $46.27. 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 firm’s 50 day moving average is $38.08 and its two-hundred day moving average is $34.64.

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

Delta Air Lines Profile

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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.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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