First Trust Advisors LP lowered its stake in Delta Air Lines, Inc. (NYSE:DAL – Get Rating) by 8.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 186,258 shares of the transportation company’s stock after selling 17,367 shares during the quarter. First Trust Advisors LP’s holdings in Delta Air Lines were worth $6,120,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of DAL. EverSource Wealth Advisors LLC lifted its holdings in Delta Air Lines by 153.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the transportation company’s stock worth $29,000 after buying an additional 623 shares during the last quarter. Ten Capital Wealth Advisors LLC purchased a new position in shares of Delta Air Lines during the third quarter valued at $29,000. Sittner & Nelson LLC grew its holdings in shares of Delta Air Lines by 200.0% during the fourth quarter. Sittner & Nelson LLC now owns 900 shares of the transportation company’s stock valued at $30,000 after buying an additional 600 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Delta Air Lines during the fourth quarter valued at $32,000. Finally, WFA of San Diego LLC acquired a new stake in Delta Air Lines during the fourth quarter valued at $33,000. Institutional investors and hedge funds own 66.47% of the company’s stock.
Insider Buying and Selling at Delta Air Lines
In other Delta Air Lines news, President Glen W. Hauenstein sold 5,000 shares of the business’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $37.87, for a total value of $189,350.00. Following the transaction, the president now owns 278,712 shares in the company, valued at $10,554,823.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Joanne D. Smith sold 4,846 shares of the business’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $38.43, for a total transaction of $186,231.78. Following the sale, the executive vice president now owns 115,295 shares of the company’s stock, valued at $4,430,786.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Glen W. Hauenstein sold 5,000 shares of the business’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $37.87, for a total transaction of $189,350.00. Following the sale, the president now directly owns 278,712 shares in the company, valued at approximately $10,554,823.44. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 15,000 shares of company stock worth $503,250 and have sold 14,846 shares worth $548,232. Corporate insiders own 0.84% of the company’s stock.
Delta Air Lines Price Performance
Delta Air Lines (NYSE:DAL – Get Rating) last issued its earnings results on Thursday, April 13th. The transportation company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). The business had revenue of $12.76 billion during the quarter, compared to analysts’ expectations of $12.25 billion. Delta Air Lines had a return on equity of 56.49% and a net margin of 3.51%. Delta Air Lines’s revenue for the quarter was up 36.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($1.23) EPS. Equities research analysts expect that Delta Air Lines, Inc. will post 5.4 EPS for the current fiscal year.
Analyst Ratings Changes
A number of analysts have weighed in on the company. Raymond James boosted their price target on Delta Air Lines from $53.00 to $54.00 and gave the stock a “strong-buy” rating in a research report on Monday, April 3rd. Evercore ISI raised Delta Air Lines from an “in-line” rating to an “outperform” rating and increased their price target for the company from $40.00 to $47.00 in a research note on Tuesday, March 7th. StockNews.com upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Friday, May 19th. Barclays upped their price objective on shares of Delta Air Lines from $44.00 to $48.00 in a research report on Friday, March 10th. Finally, Bank of America lowered their target price on Delta Air Lines from $43.00 to $40.00 and set a “buy” rating for the company in a report on Friday, April 14th. One research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $49.38.
Delta Air Lines Profile
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.
Read More
- Get a free copy of the StockNews.com research report on Delta Air Lines (DAL)
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