Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lessened its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 72.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 152,361 shares of the transportation company’s stock after selling 409,768 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Delta Air Lines were worth $9,218,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DAL. Future Financial Wealth Managment LLC bought a new stake in shares of Delta Air Lines in the 3rd quarter worth $25,000. Modus Advisors LLC acquired a new position in Delta Air Lines during the fourth quarter worth about $33,000. Harbor Investment Advisory LLC raised its position in Delta Air Lines by 217.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 555 shares of the transportation company’s stock worth $34,000 after acquiring an additional 380 shares in the last quarter. Sugar Maple Asset Management LLC bought a new position in shares of Delta Air Lines during the 4th quarter valued at about $36,000. Finally, Versant Capital Management Inc grew its stake in shares of Delta Air Lines by 829.2% in the 4th quarter. Versant Capital Management Inc now owns 604 shares of the transportation company’s stock worth $37,000 after purchasing an additional 539 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $67.74 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The business has a 50 day moving average price of $63.17 and a 200 day moving average price of $53.27. The company has a market cap of $43.71 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 0.79 and a beta of 1.35. Delta Air Lines, Inc. has a twelve month low of $37.29 and a twelve month high of $69.98.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The business had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. During the same quarter in the prior year, the business earned $1.28 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. Research analysts predict that Delta Air Lines, Inc. will post 7.67 earnings per share for the current year.

Insider Buying and Selling

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the completion of the transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at approximately $30,721,357.15. This trade represents a 17.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rahul D. Samant sold 10,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $58.53, for a total transaction of $585,300.00. Following the completion of the sale, the executive vice president now directly owns 64,163 shares in the company, valued at approximately $3,755,460.39. The trade was a 13.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 149,429 shares of company stock valued at $9,924,819 over the last quarter. Corporate insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

DAL has been the topic of several recent research reports. TD Cowen lifted their price target on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. The Goldman Sachs Group restated a “buy” rating and issued a $83.00 target price on shares of Delta Air Lines in a report on Friday, November 15th. 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. Barclays boosted their price objective on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $78.22.

Delta Air Lines 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.