Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Kwmg LLC

Kwmg LLC lowered its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 7.6% during the fourth quarter, Holdings Channel reports. The fund owned 114,081 shares of the transportation company’s stock after selling 9,372 shares during the quarter. Kwmg LLC’s holdings in Delta Air Lines were worth $6,902,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new stake in shares of Delta Air Lines in the second quarter valued at $302,000. Daiwa Securities Group Inc. increased its stake in shares of Delta Air Lines by 17.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 37,266 shares of the transportation company’s stock valued at $1,768,000 after acquiring an additional 5,468 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Delta Air Lines by 159.8% during the 2nd quarter. American Century Companies Inc. now owns 588,436 shares of the transportation company’s stock worth $27,915,000 after acquiring an additional 361,942 shares during the period. Forsta AP Fonden boosted its position in shares of Delta Air Lines by 217.7% in the second quarter. Forsta AP Fonden now owns 30,500 shares of the transportation company’s stock worth $1,447,000 after acquiring an additional 20,900 shares during the last quarter. Finally, BOKF NA grew its holdings in Delta Air Lines by 432.1% in the second quarter. BOKF NA now owns 12,099 shares of the transportation company’s stock valued at $574,000 after purchasing an additional 9,825 shares during the period. 69.93% of the stock is owned by hedge funds and other institutional investors.

Delta Air Lines Stock Down 2.8 %

Shares of Delta Air Lines stock traded down $1.88 during trading on Monday, reaching $65.07. The company had a trading volume of 10,237,834 shares, compared to its average volume of 11,691,444. 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, Inc. has a fifty-two week low of $36.34 and a fifty-two week high of $68.99. The firm’s fifty day moving average is $62.27 and its 200-day moving average is $51.90. The company has a market cap of $41.99 billion, a price-to-earnings ratio of 9.04, a price-to-earnings-growth ratio of 1.17 and a beta of 1.35.

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, beating analysts’ consensus estimates of $1.76 by $0.09. The business had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.28 EPS. On average, analysts anticipate that Delta Air Lines, Inc. will post 6.08 EPS for the current year.

Insider Activity

In other Delta Air Lines news, EVP Alain Bellemare sold 19,490 shares of Delta Air Lines stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $55.26, for a total value of $1,077,017.40. Following the transaction, the executive vice president now owns 121,961 shares in the company, valued at approximately $6,739,564.86. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP William C. Carroll sold 21,530 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $60.62, for a total value of $1,305,148.60. Following the sale, the senior vice president now directly owns 19,756 shares in the company, valued at $1,197,608.72. This trade represents a 52.15 % decrease in their ownership of the stock. 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. Company insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Jefferies Financial Group increased their target price 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. TD Cowen increased their target price 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. Citigroup increased 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 report on Tuesday, November 26th. Barclays increased their price target on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Finally, BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus 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.