Taylor & Morgan Wealth Management LLC Has $466,000 Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Taylor & Morgan Wealth Management LLC reduced its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 16.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,710 shares of the transportation company’s stock after selling 1,528 shares during the quarter. Taylor & Morgan Wealth Management LLC’s holdings in Delta Air Lines were worth $466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of DAL. Future Financial Wealth Managment LLC acquired a new position in shares of Delta Air Lines during the third quarter valued at about $25,000. Modus Advisors LLC bought a new position in Delta Air Lines during the fourth quarter valued at about $33,000. Versant Capital Management Inc raised its holdings in Delta Air Lines by 829.2% in the 4th quarter. Versant Capital Management Inc now owns 604 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 539 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Delta Air Lines in the 3rd quarter worth approximately $31,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Delta Air Lines during the 2nd quarter worth approximately $31,000. 69.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Sanford C. Bernstein raised their target price on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Jefferies Financial Group upped their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, November 11th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $83.00 price objective on shares of Delta Air Lines in a report on Friday, November 15th. StockNews.com raised Delta Air Lines from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. boosted their price target on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Fourteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $78.22.

Delta Air Lines Price Performance

DAL opened at $65.81 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34. The stock has a market capitalization of $42.47 billion, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 1.05 and a beta of 1.35. The company’s 50 day simple moving average is $62.86 and its 200-day simple moving average is $52.47. Delta Air Lines, Inc. has a one year low of $36.69 and a one year high of $68.99.

Delta Air Lines (NYSE:DAL) last released its earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating the consensus estimate 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 29.93% and a net margin of 7.71%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $1.28 EPS. Sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Delta Air Lines

In related news, SVP William C. Carroll sold 21,530 shares of Delta Air Lines stock in a transaction on 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 completion of the sale, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at $1,197,608.72. The trade was a 52.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Allison C. Ausband sold 7,510 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total value of $470,276.20. Following the completion of the transaction, the executive vice president now directly owns 58,897 shares in the company, valued at $3,688,130.14. The trade was a 11.31 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,319 shares of company stock worth $6,794,748. Company 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.