Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Wealth Management Partners LLC

Wealth Management Partners LLC trimmed its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 39.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,509 shares of the transportation company’s stock after selling 3,535 shares during the period. Wealth Management Partners LLC’s holdings in Delta Air Lines were worth $333,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Future Financial Wealth Managment LLC purchased a new stake in shares of Delta Air Lines during the 3rd quarter valued at about $25,000. Modus Advisors LLC acquired a new stake in Delta Air Lines in the fourth quarter valued at approximately $33,000. Versant Capital Management Inc raised its stake in shares of Delta Air Lines by 829.2% during the fourth quarter. Versant Capital Management Inc now owns 604 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 539 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Delta Air Lines during the third quarter worth $31,000. Finally, Kimelman & Baird LLC purchased a new position in shares of Delta Air Lines in the second quarter valued at $31,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Delta Air Lines Stock Down 0.6 %

Delta Air Lines stock opened at $65.81 on Monday. The firm has a market capitalization of $42.47 billion, a P/E ratio of 12.35, a P/E/G ratio of 1.05 and a beta of 1.35. The company has a 50-day simple moving average of $62.86 and a 200-day simple moving average of $52.51. Delta Air Lines, Inc. has a one year low of $36.69 and a one year high of $68.99. 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 (NYSE:DAL) last issued 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 business had revenue of $15.56 billion during the quarter, compared to the consensus estimate 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 was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.28 earnings per share. As a group, equities analysts expect that Delta Air Lines, Inc. will post 7.35 earnings per share for the current year.

Insider Activity at Delta Air Lines

In related news, EVP Allison C. Ausband sold 7,510 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total transaction of $470,276.20. Following the sale, the executive vice president now owns 58,897 shares of the company’s stock, valued at $3,688,130.14. The trade was a 11.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward H. Bastian sold 68,000 shares of the stock in a transaction 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 directly owns 439,819 shares of the company’s stock, valued at approximately $24,775,004.27. The trade was a 13.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 117,319 shares of company stock worth $6,794,748 over the last ninety days. 0.96% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued 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. JPMorgan Chase & Co. lifted their price objective on Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Sanford C. Bernstein increased their target price on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Finally, Jefferies Financial Group lifted their price target on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Fourteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $78.22.

About Delta Air Lines

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.