Anderson Hoagland & Co. Sells 5,427 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Anderson Hoagland & Co. lowered its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 7.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,336 shares of the transportation company’s stock after selling 5,427 shares during the period. Anderson Hoagland & Co.’s holdings in Delta Air Lines were worth $4,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of DAL. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Delta Air Lines by 62.4% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 30,928 shares of the transportation company’s stock valued at $1,467,000 after buying an additional 11,881 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Delta Air Lines in the second quarter worth $180,000. AXA S.A. bought a new position in Delta Air Lines during the second quarter valued at $1,737,000. APG Asset Management N.V. bought a new stake in shares of Delta Air Lines in the 2nd quarter worth about $965,000. Finally, Dark Forest Capital Management LP bought a new position in shares of Delta Air Lines in the 2nd quarter valued at about $273,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Price Performance

NYSE:DAL opened at $67.10 on Friday. The company has a 50 day moving average price of $63.17 and a 200-day moving average price of $53.18. The firm has a market cap of $43.30 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 0.79 and a beta of 1.35. Delta Air Lines, Inc. has a 1-year low of $37.29 and a 1-year high of $69.98. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The company 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 firm posted $1.28 EPS. Delta Air Lines’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities research analysts forecast that Delta Air Lines, Inc. will post 7.67 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DAL. Jefferies Financial Group raised their price objective on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, November 11th. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. increased their price objective on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Susquehanna increased their price target on Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Finally, Barclays increased their target price on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $78.22.

Insider Activity

In other Delta Air Lines news, CEO Edward H. Bastian sold 68,000 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $56.33, for a total transaction 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. This trade represents a 13.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP William C. Carroll sold 21,530 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at $1,197,608.72. This represents a 52.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 217,429 shares of company stock worth $13,755,259 in the last quarter. Corporate insiders own 0.96% of the company’s stock.

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.