Stephens Inc. AR Cuts Stake in Delta Air Lines, Inc. (NYSE:DAL)

Stephens Inc. AR decreased its holdings in Delta Air Lines, Inc. (NYSE:DALGet Rating) by 8.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 32,319 shares of the transportation company’s stock after selling 2,965 shares during the period. Stephens Inc. AR’s holdings in Delta Air Lines were worth $907,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Lindbrook Capital LLC raised its holdings in Delta Air Lines by 207.4% in the second quarter. Lindbrook Capital LLC now owns 996 shares of the transportation company’s stock valued at $29,000 after buying an additional 672 shares during the period. First PREMIER Bank grew its position in Delta Air Lines by 151.7% in the third quarter. First PREMIER Bank now owns 1,095 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 660 shares in the last quarter. JFS Wealth Advisors LLC grew its position in Delta Air Lines by 75.2% in the third quarter. JFS Wealth Advisors LLC now owns 1,118 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 480 shares in the last quarter. Clearview Wealth Advisors LLC grew its position in Delta Air Lines by 450.0% in the second quarter. Clearview Wealth Advisors LLC now owns 1,100 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 900 shares in the last quarter. Finally, Fieldpoint Private Securities LLC grew its position in Delta Air Lines by 1,306.6% in the second quarter. Fieldpoint Private Securities LLC now owns 1,280 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 1,189 shares in the last quarter. Hedge funds and other institutional investors own 66.47% of the company’s stock.

Insider Buying and Selling at Delta Air Lines

In related news, Director Francis S. Blake bought 12,880 shares of the business’s stock in a transaction on Wednesday, January 18th. The shares were bought at an average cost of $38.58 per share, for a total transaction of $496,910.40. Following the completion of the purchase, the director now owns 93,795 shares of the company’s stock, valued at approximately $3,618,611.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Francis S. Blake acquired 12,880 shares of the business’s stock in a transaction that occurred on Wednesday, January 18th. The shares were acquired at an average cost of $38.58 per share, for a total transaction of $496,910.40. Following the completion of the purchase, the director now directly owns 93,795 shares in the company, valued at $3,618,611.10. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP William C. Carroll sold 15,529 shares of Delta Air Lines stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $38.20, for a total transaction of $593,207.80. Following the sale, the senior vice president now owns 16,780 shares in the company, valued at $640,996. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by company insiders.

Delta Air Lines Stock Performance

DAL stock opened at $39.03 on Friday. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.45 and a current ratio of 0.50. The stock has a market capitalization of $25.03 billion, a price-to-earnings ratio of 19.13 and a beta of 1.20. Delta Air Lines, Inc. has a 1 year low of $27.20 and a 1 year high of $46.27. The stock’s fifty day moving average is $34.91 and its two-hundred day moving average is $32.96.

Wall Street Analyst Weigh In

Several analysts have issued reports on DAL shares. Bank of America increased their price objective on shares of Delta Air Lines from $40.00 to $43.00 in a research report on Tuesday, January 10th. The Goldman Sachs Group started coverage on shares of Delta Air Lines in a research report on Friday, December 16th. They issued a “buy” rating and a $40.00 price objective for the company. Cowen raised shares of Delta Air Lines from a “market perform” rating to an “outperform” rating and set a $54.00 price target for the company in a research report on Friday, October 14th. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Monday, January 16th. Finally, Jefferies Financial Group raised their price target on shares of Delta Air Lines from $40.00 to $45.00 in a research report on Wednesday, January 11th. Seventeen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and an average price target of $49.44.

About Delta Air Lines

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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, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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