Delta Air Lines, Inc. (NYSE:DAL) Stock Holdings Lessened by Claro Advisors LLC

Claro Advisors LLC reduced its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 11.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,313 shares of the transportation company’s stock after selling 1,391 shares during the period. Claro Advisors LLC’s holdings in Delta Air Lines were worth $624,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Wedmont Private Capital lifted its position in shares of Delta Air Lines by 4.9% in the 4th quarter. Wedmont Private Capital now owns 13,635 shares of the transportation company’s stock worth $913,000 after buying an additional 642 shares during the last quarter. Czech National Bank lifted its position in shares of Delta Air Lines by 6.4% in the 4th quarter. Czech National Bank now owns 139,007 shares of the transportation company’s stock worth $8,410,000 after buying an additional 8,377 shares during the last quarter. Graypoint LLC bought a new position in shares of Delta Air Lines in the 4th quarter worth about $230,000. Sugarloaf Wealth Management LLC lifted its position in shares of Delta Air Lines by 10.8% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,690 shares of the transportation company’s stock worth $163,000 after buying an additional 262 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Delta Air Lines by 2.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 85,891 shares of the transportation company’s stock worth $5,196,000 after buying an additional 1,791 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DAL. Susquehanna lifted their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. Sanford C. Bernstein lifted 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. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Bank of America lifted their price objective on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $83.00 price objective on shares of Delta Air Lines in a research report on Friday, November 15th. Fourteen investment 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.com, the company has a consensus rating of “Buy” and an average target price of $78.22.

Delta Air Lines Stock Down 2.8 %

DAL stock opened at $65.07 on Tuesday. The firm’s 50-day moving average is $62.43 and its two-hundred day moving average is $52.01. The company has a market capitalization 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. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05. 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 quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.09. The company had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 EPS. On average, analysts forecast that Delta Air Lines, Inc. will post 6.08 earnings per share for the current fiscal year.

Insider Transactions at Delta Air Lines

In other news, CEO Edward H. Bastian sold 68,000 shares of Delta Air Lines stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $56.33, for a total value of $3,830,440.00. Following the transaction, the chief executive officer now owns 439,819 shares of the company’s stock, valued at $24,775,004.27. The trade was a 13.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Alain Bellemare sold 19,490 shares of Delta Air Lines stock in a transaction that occurred on Thursday, October 17th. The stock was 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 disclosure for this sale can be found here. Insiders have sold 136,809 shares of company stock valued at $7,871,765 in the last quarter. Insiders own 0.96% of the company’s stock.

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.