Ritholtz Wealth Management Buys 1,641 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Ritholtz Wealth Management lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 23.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,719 shares of the transportation company’s stock after acquiring an additional 1,641 shares during the quarter. Ritholtz Wealth Management’s holdings in Delta Air Lines were worth $528,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC bought a new position in shares of Delta Air Lines in the third quarter worth approximately $25,000. Kimelman & Baird LLC bought a new position in Delta Air Lines in the 2nd quarter worth $31,000. Ashton Thomas Securities LLC bought a new position in Delta Air Lines in the 3rd quarter worth $31,000. Modus Advisors LLC purchased a new stake in Delta Air Lines in the 4th quarter worth $33,000. Finally, Versant Capital Management Inc raised its holdings in Delta Air Lines by 829.2% during the fourth quarter. Versant Capital Management Inc now owns 604 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 539 shares during the period. 69.93% of the stock is owned by hedge funds and other institutional investors.

Delta Air Lines Trading Down 0.6 %

DAL opened at $65.81 on Tuesday. The stock has a 50-day moving average of $62.86 and a 200 day moving average of $52.54. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05. Delta Air Lines, Inc. has a 12 month low of $36.69 and a 12 month high of $68.99. The firm has a market cap of $42.47 billion, a P/E ratio of 12.35, a P/E/G ratio of 1.05 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter in the previous year, the business earned $1.28 EPS. The company’s quarterly revenue 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

Several analysts recently issued reports on DAL shares. Sanford C. Bernstein increased their target price on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Citigroup increased their price objective on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Monday, January 13th. JPMorgan Chase & Co. raised their target price on shares of Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Fourteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $78.22.

Insider Buying and Selling at Delta Air Lines

In other news, SVP William C. Carroll sold 21,530 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the transaction, the senior vice president now owns 19,756 shares of the company’s stock, valued at approximately $1,197,608.72. This represents a 52.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Rahul D. Samant sold 10,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $58.53, for a total value of $585,300.00. Following the completion of the sale, the executive vice president now owns 64,163 shares in the company, valued at approximately $3,755,460.39. The trade was a 13.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 117,319 shares of company stock worth $6,794,748 over the last quarter. Insiders own 0.96% of the company’s stock.

Delta Air Lines Company Profile

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.