U.S. Capital Wealth Advisors LLC Sells 9,027 Shares of Delta Air Lines, Inc. (NYSE:DAL)

U.S. Capital Wealth Advisors LLC reduced its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 10.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 76,555 shares of the transportation company’s stock after selling 9,027 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Delta Air Lines were worth $4,632,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new stake in shares of Delta Air Lines during the third quarter valued at approximately $25,000. New Wave Wealth Advisors LLC purchased a new stake in Delta Air Lines during the 4th quarter valued at $27,000. Crews Bank & Trust bought a new stake in shares of Delta Air Lines in the 4th quarter worth $30,000. Ashton Thomas Securities LLC purchased a new position in shares of Delta Air Lines in the third quarter worth $31,000. Finally, Modus Advisors LLC purchased a new stake in shares of Delta Air Lines during the fourth quarter valued at $33,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Delta Air Lines news, EVP Allison C. Ausband sold 7,510 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total transaction of $470,276.20. Following the completion of the sale, the executive vice president now directly owns 58,897 shares of the company’s stock, valued at $3,688,130.14. This trade represents a 11.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the business’s 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 in the company, valued at $30,721,357.15. This trade represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 129,150 shares of company stock worth $8,735,936. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Trading Down 1.9 %

Shares of NYSE:DAL opened at $67.24 on Monday. The stock has a 50 day moving average of $63.59 and a 200 day moving average of $54.03. The company has a market cap of $43.39 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 0.80 and a beta of 1.35. Delta Air Lines, Inc. has a 12-month low of $37.29 and a 12-month high of $69.98. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92.

Delta Air Lines (NYSE:DAL) last posted 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. The business had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The company’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.28 earnings per share. As a group, equities research analysts expect that Delta Air Lines, Inc. will post 7.67 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DAL. Jefferies Financial Group boosted 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. Sanford C. Bernstein increased 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 report on Tuesday, October 8th. TD Cowen lifted 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, January 13th. Deutsche Bank Aktiengesellschaft increased their price target on Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, StockNews.com raised Delta Air Lines from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Fourteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $78.22.

Delta Air Lines Company 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.