Burney Co. Sells 8,115 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Burney Co. reduced its position in Delta Air Lines, Inc. (NYSE:DAL) by 59.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,522 shares of the transportation company’s stock after selling 8,115 shares during the period. Burney Co.’s holdings in Delta Air Lines were worth $334,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DAL. Envestnet Asset Management Inc. lifted its holdings in shares of Delta Air Lines by 48.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 385,549 shares of the transportation company’s stock worth $18,290,000 after purchasing an additional 125,314 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in Delta Air Lines by 10.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 36,439 shares of the transportation company’s stock valued at $1,729,000 after buying an additional 3,523 shares during the last quarter. First Eagle Investment Management LLC raised its position in Delta Air Lines by 43.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 12,805 shares of the transportation company’s stock valued at $607,000 after buying an additional 3,853 shares during the last quarter. XTX Topco Ltd raised its position in Delta Air Lines by 28.4% in the 2nd quarter. XTX Topco Ltd now owns 26,380 shares of the transportation company’s stock valued at $1,251,000 after buying an additional 5,842 shares during the last quarter. Finally, Brighton Jones LLC raised its position in Delta Air Lines by 4.0% in the 2nd quarter. Brighton Jones LLC now owns 8,039 shares of the transportation company’s stock valued at $381,000 after buying an additional 306 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Trading Down 0.6 %

Shares of DAL opened at $65.81 on Friday. The business has a 50-day moving average of $62.86 and a 200 day moving average of $52.47. Delta Air Lines, Inc. has a fifty-two week low of $36.69 and a fifty-two week high of $68.99. The firm has a market cap of $42.47 billion, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 1.05 and a beta of 1.35. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $14.20 billion. During the same quarter last year, the firm posted $1.28 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, research analysts forecast that Delta Air Lines, Inc. will post 7.35 EPS for the current year.

Wall Street Analysts Forecast Growth

DAL has been the subject of a number of analyst reports. Bank of America increased their price target on Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, October 11th. UBS Group reissued a “buy” rating and issued a $88.00 price target on shares of Delta Air Lines in a research report on Tuesday, November 26th. Citigroup increased their price target on Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $83.00 target price on shares of Delta Air Lines in a research report on Friday, November 15th. Finally, Jefferies Financial Group raised their target price on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Fourteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $78.22.

Insider Buying and Selling

In other Delta Air Lines news, EVP Allison C. Ausband sold 7,510 shares of Delta Air Lines stock in a transaction dated 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 owns 58,897 shares of the company’s stock, valued at $3,688,130.14. The trade was a 11.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Edward H. Bastian sold 68,000 shares of Delta Air Lines stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $56.33, for a total value of $3,830,440.00. Following the transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $24,775,004.27. The trade was a 13.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 117,319 shares of company stock valued at $6,794,748. 0.96% of the stock is owned by insiders.

About Delta Air Lines

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.