Crews Bank & Trust Takes Position in Delta Air Lines, Inc. (NYSE:DAL)

Crews Bank & Trust bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 500 shares of the transportation company’s stock, valued at approximately $30,000.

Other large investors have also added to or reduced their stakes in the company. Sanders Capital LLC raised its position in shares of Delta Air Lines by 2.8% in the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock valued at $1,414,074,000 after purchasing an additional 749,099 shares during the period. Geode Capital Management LLC raised its holdings in Delta Air Lines by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock valued at $789,452,000 after acquiring an additional 416,338 shares during the period. Pzena Investment Management LLC acquired a new stake in Delta Air Lines during the third quarter worth approximately $281,206,000. Castle Hook Partners LP bought a new stake in shares of Delta Air Lines during the third quarter worth approximately $189,296,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Delta Air Lines by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,497,487 shares of the transportation company’s stock valued at $177,637,000 after purchasing an additional 10,332 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Down 1.9 %

Shares of DAL opened at $67.24 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98. The firm has a market cap of $43.39 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 0.80 and a beta of 1.35. The business’s fifty day moving average is $63.59 and its 200-day moving average is $53.97.

Delta Air Lines (NYSE:DAL) last released its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. The firm had revenue of $15.56 billion for 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%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.28 earnings per share. Equities analysts anticipate that Delta Air Lines, Inc. will post 7.67 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP William C. Carroll sold 21,530 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $60.62, for a total value of $1,305,148.60. Following the completion of the transaction, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,197,608.72. This represents a 52.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $6,405,943.50. Following the sale, the chief executive officer now owns 439,819 shares in the company, valued at $30,721,357.15. This represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,150 shares of company stock worth $8,735,936 in the last three months. 0.96% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

DAL has been the subject of several recent research reports. The Goldman Sachs Group restated a “buy” rating and issued a $83.00 price target on shares of Delta Air Lines in a research note on Friday, November 15th. UBS Group restated a “buy” rating and issued a $88.00 price target on shares of Delta Air Lines in a research note on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Jefferies Financial Group boosted their price objective on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Sanford C. Bernstein raised their target price on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Fourteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and a consensus price target 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.