Delta Air Lines, Inc. (NYSE:DAL) Position Raised by 180 Wealth Advisors LLC

180 Wealth Advisors LLC raised its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 21.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,012 shares of the transportation company’s stock after purchasing an additional 3,992 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Delta Air Lines were worth $1,392,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DAL. Future Financial Wealth Managment LLC acquired a new position in Delta Air Lines during the third quarter worth about $25,000. Kimelman & Baird LLC bought a new stake in shares of Delta Air Lines in the 2nd quarter worth approximately $31,000. Ashton Thomas Securities LLC acquired a new stake in Delta Air Lines during the third quarter valued at approximately $31,000. Modus Advisors LLC bought a new position in shares of Delta Air Lines in the fourth quarter valued at $33,000. Finally, Versant Capital Management Inc grew its holdings 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 acquiring an additional 539 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on DAL shares. BNP Paribas raised Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. Citigroup raised their price objective on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Bank of America increased their target price on Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, October 11th. Sanford C. Bernstein upped their price target on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Finally, Jefferies Financial Group raised their price objective on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Fourteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Delta Air Lines has an average rating of “Buy” and a consensus price target of $78.22.

Insider Activity

In related news, EVP Alain Bellemare sold 19,490 shares of the company’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $55.26, for a total transaction of $1,077,017.40. Following the completion of the transaction, the executive vice president now directly owns 121,961 shares in the company, valued at $6,739,564.86. This represents a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Allison C. Ausband sold 7,510 shares of the business’s 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 transaction, the executive vice president now owns 58,897 shares in the company, valued at approximately $3,688,130.14. The trade was a 11.31 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 136,809 shares of company stock valued at $7,871,765. 0.96% of the stock is owned by insiders.

Delta Air Lines Stock Performance

DAL opened at $65.07 on Tuesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. The company has a market cap of $41.99 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 1.17 and a beta of 1.35. The stock has a 50-day moving average of $62.43 and a 200-day moving average of $52.01. Delta Air Lines, Inc. has a 52-week low of $36.34 and a 52-week high of $68.99.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (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 prior year, the business earned $1.28 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. As a group, equities research analysts forecast that Delta Air Lines, Inc. will post 6.08 earnings per share for the current fiscal year.

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.