3,583 Shares in Delta Air Lines, Inc. (NYSE:DAL) Bought by SYM FINANCIAL Corp

SYM FINANCIAL Corp acquired a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,583 shares of the transportation company’s stock, valued at approximately $217,000.

Other institutional investors have also modified their holdings of the company. Future Financial Wealth Managment LLC purchased a new position in Delta Air Lines in the 3rd quarter valued at about $25,000. New Wave Wealth Advisors LLC acquired a new position in shares of Delta Air Lines during the fourth quarter valued at approximately $27,000. Crews Bank & Trust purchased a new position in shares of Delta Air Lines in the fourth quarter valued at approximately $30,000. Ashton Thomas Securities LLC purchased a new stake in shares of Delta Air Lines during the third quarter worth approximately $31,000. Finally, Modus Advisors LLC acquired a new position in Delta Air Lines in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Trading Down 1.9 %

DAL opened at $67.24 on Monday. Delta Air Lines, Inc. has a 52 week low of $37.29 and a 52 week high of $69.98. 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 fifty day simple moving average of $63.59 and a 200-day simple moving average of $54.03. The firm has a market cap of $43.39 billion, a P/E ratio of 12.62, a P/E/G ratio of 0.80 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, beating analysts’ consensus estimates of $1.76 by $0.09. The company had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. Delta Air Lines’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the business posted $1.28 EPS. On average, equities analysts expect that Delta Air Lines, Inc. will post 7.67 earnings per share for the current year.

Insider Buying and Selling at Delta Air Lines

In related news, CEO Edward H. Bastian sold 91,710 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total value of $6,405,943.50. Following the transaction, the chief executive officer now owns 439,819 shares of the company’s stock, valued at $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP William C. Carroll sold 21,530 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $60.62, for a total value of $1,305,148.60. Following the completion of the sale, the senior vice president now owns 19,756 shares in the company, valued at approximately $1,197,608.72. This represents a 52.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 129,150 shares of company stock valued at $8,735,936 in the last quarter. Corporate insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Citigroup lifted their target price 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. Sanford C. Bernstein upped their price objective on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Susquehanna increased their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. StockNews.com upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Finally, Jefferies Financial Group increased their price target on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a report on Monday, November 11th. Fourteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average 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.