AE Wealth Management LLC lifted its stake in Delta Air Lines, Inc. (NYSE:DAL – Get Rating) by 11.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 168,303 shares of the transportation company’s stock after acquiring an additional 17,335 shares during the quarter. AE Wealth Management LLC’s holdings in Delta Air Lines were worth $5,530,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. WFA of San Diego LLC bought a new stake in shares of Delta Air Lines in the fourth quarter worth approximately $33,000. Neo Ivy Capital Management purchased a new position in shares of Delta Air Lines in the third quarter worth approximately $43,000. Oregon Public Employees Retirement Fund boosted its holdings in shares of Delta Air Lines by 51.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 74,255 shares of the transportation company’s stock worth $2,440,000 after buying an additional 25,215 shares during the last quarter. Orion Portfolio Solutions LLC boosted its holdings in shares of Delta Air Lines by 21.7% in the third quarter. Orion Portfolio Solutions LLC now owns 9,585 shares of the transportation company’s stock worth $269,000 after buying an additional 1,708 shares during the last quarter. Finally, Beacon Investment Advisory Services Inc. purchased a new position in shares of Delta Air Lines in the fourth quarter worth approximately $264,000. 66.47% of the stock is currently owned by institutional investors.
Delta Air Lines Stock Up 2.4 %
Shares of DAL opened at $34.59 on Tuesday. Delta Air Lines, Inc. has a 12-month low of $27.20 and a 12-month high of $46.27. The firm has a fifty day moving average price of $36.03 and a 200-day moving average price of $34.93. The firm has a market capitalization of $22.18 billion, a P/E ratio of 11.73, a P/E/G ratio of 0.18 and a beta of 1.25. The company has a current ratio of 0.47, a quick ratio of 0.45 and a debt-to-equity ratio of 3.17.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the stock. Argus raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Thursday, January 5th. Redburn Partners raised shares of Delta Air Lines from a “neutral” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Wednesday, February 8th. Raymond James lifted their price target on shares of Delta Air Lines from $53.00 to $54.00 and gave the company a “strong-buy” rating in a report on Monday, April 3rd. Citigroup lifted their price target on shares of Delta Air Lines from $55.00 to $59.00 and gave the company a “buy” rating in a report on Monday, December 19th. Finally, StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Friday. One analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $49.64.
Insider Activity
In related news, SVP William C. Carroll sold 5,481 shares of the stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $40.01, for a total value of $219,294.81. Following the transaction, the senior vice president now owns 8,720 shares in the company, valued at approximately $348,887.20. The sale was disclosed in a filing with the SEC, which is available through this link. In other Delta Air Lines news, Director Francis S. Blake purchased 12,880 shares of the business’s stock in a transaction that occurred on Wednesday, January 18th. The shares were bought at an average price of $38.58 per share, for a total transaction of $496,910.40. Following the acquisition, the director now owns 93,795 shares in the company, valued at $3,618,611.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP William C. Carroll sold 5,481 shares of the firm’s 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 sale, the senior vice president now directly owns 8,720 shares in the company, valued at approximately $348,887.20. The disclosure for this sale can be found here. Insiders have sold a total of 28,451 shares of company stock worth $1,103,694 over the last 90 days. 0.84% of the stock is currently owned by corporate insiders.
About Delta Air Lines
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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