First Citizens Bank & Trust Co. cut its position in Delta Air Lines, Inc. (NYSE:DAL) by 53.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,243 shares of the transportation company’s stock after selling 19,585 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Delta Air Lines were worth $965,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Roundview Capital LLC increased its holdings in Delta Air Lines by 0.3% in the 2nd quarter. Roundview Capital LLC now owns 5,115 shares of the transportation company’s stock worth $275,000 after purchasing an additional 15 shares in the last quarter. Advisory Services Network LLC boosted its holdings in Delta Air Lines by 3.0% in the second quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock worth $137,000 after acquiring an additional 75 shares in the last quarter. Miles Capital Inc. boosted its holdings in Delta Air Lines by 2.6% in the second quarter. Miles Capital Inc. now owns 6,138 shares of the transportation company’s stock worth $330,000 after acquiring an additional 157 shares in the last quarter. IHT Wealth Management LLC boosted its holdings in Delta Air Lines by 40.9% in the second quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock worth $146,000 after acquiring an additional 220 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its holdings in Delta Air Lines by 5.4% in the second quarter. Moors & Cabot Inc. now owns 5,880 shares of the transportation company’s stock worth $316,000 after acquiring an additional 302 shares in the last quarter. Institutional investors and hedge funds own 85.04% of the company’s stock.
Shares of Delta Air Lines, Inc. (DAL) traded down $1.80 on Friday, reaching $54.62. 8,960,000 shares of the company’s stock were exchanged, compared to its average volume of 8,750,000. The stock has a market cap of $38,940.00, a price-to-earnings ratio of 11.06, a PEG ratio of 0.75 and a beta of 1.14. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.42. Delta Air Lines, Inc. has a 1-year low of $43.81 and a 1-year high of $60.79.
Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.28%. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the business earned $0.82 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. research analysts expect that Delta Air Lines, Inc. will post 6.46 earnings per share for the current fiscal year.
A number of research analysts have recently weighed in on DAL shares. Imperial Capital restated an “outperform” rating and issued a $65.00 target price (up previously from $63.00) on shares of Delta Air Lines in a report on Friday, January 12th. ValuEngine raised Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Cowen raised their target price on Delta Air Lines from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, October 12th. JPMorgan Chase & Co. raised their price target on Delta Air Lines from $63.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Finally, Sanford C. Bernstein set a $67.00 price objective on Delta Air Lines and gave the company a “buy” rating in a research note on Wednesday, January 10th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $65.53.
In related news, CEO Edward H. Bastian sold 25,000 shares of the stock in a transaction dated Saturday, December 29th. The shares were sold at an average price of $56.47, for a total value of $1,411,750.00. Following the completion of the transaction, the chief executive officer now owns 240,508 shares of the company’s stock, valued at approximately $13,581,486.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Edward H. Bastian sold 20,000 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $52.79, for a total transaction of $1,055,800.00. The disclosure for this sale can be found here. Insiders sold a total of 354,447 shares of company stock valued at $20,087,153 in the last quarter. 0.37% of the stock is currently owned by company insiders.
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Delta Air Lines Profile
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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