Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Capital Investment Advisors LLC

Capital Investment Advisors LLC lowered its stake in Delta Air Lines, Inc. (NYSE:DAL – Get Rating) by 13.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 24,435 shares of the transportation company’s stock after selling 3,647 shares during the quarter. Capital Investment Advisors LLC’s holdings in Delta Air Lines were worth $803,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Candriam Luxembourg S.C.A. acquired a new stake in Delta Air Lines in the 1st quarter valued at $502,000. EverSource Wealth Advisors LLC boosted its stake in Delta Air Lines by 153.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the transportation company’s stock worth $29,000 after purchasing an additional 623 shares during the last quarter. Ten Capital Wealth Advisors LLC acquired a new stake in Delta Air Lines during the 3rd quarter worth $29,000. First PREMIER Bank boosted its stake in Delta Air Lines by 151.7% during the 3rd quarter. First PREMIER Bank now owns 1,095 shares of the transportation company’s stock worth $31,000 after purchasing an additional 660 shares during the last quarter. Finally, JFS Wealth Advisors LLC boosted its stake in Delta Air Lines by 75.2% during the 3rd quarter. JFS Wealth Advisors LLC now owns 1,118 shares of the transportation company’s stock worth $31,000 after purchasing an additional 480 shares during the last quarter. Institutional investors and hedge funds own 66.47% of the company’s stock.

Insider Activity at Delta Air Lines

In related news, SVP William C. Carroll sold 15,529 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $38.20, for a total value of $593,207.80. Following the completion of the transaction, the senior vice president now directly owns 16,780 shares of the company’s stock, valued at $640,996. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP William C. Carroll sold 15,529 shares of the stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $38.20, for a total value of $593,207.80. Following the completion of the sale, the senior vice president now directly owns 16,780 shares of the company’s stock, valued at $640,996. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Joanne D. Smith sold 4,846 shares of the stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $38.43, for a total value of $186,231.78. Following the completion of the sale, the executive vice president now directly owns 115,295 shares of the company’s stock, valued at $4,430,786.85. The disclosure for this sale can be found here. Insiders sold 43,980 shares of company stock valued at $1,696,902 over the last three months. 0.84% of the stock is owned by corporate insiders.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock opened at $32.96 on Friday. Delta Air Lines, Inc. has a one year low of $27.20 and a one year high of $46.27. The company has a market cap of $21.14 billion, a PE ratio of 16.16 and a beta of 1.26. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.45 and a current ratio of 0.50. The business has a 50-day simple moving average of $38.15 and a 200-day simple moving average of $34.60.

Delta Air Lines (NYSE:DAL – Get Rating) last announced its quarterly earnings results on Friday, January 13th. The transportation company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.17. The firm had revenue of $13.44 billion during the quarter, compared to the consensus estimate of $13.03 billion. Delta Air Lines had a return on equity of 45.69% and a net margin of 2.61%. On average, equities research analysts forecast that Delta Air Lines, Inc. will post 5.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DAL. StockNews.com began coverage on shares of Delta Air Lines in a research note on Thursday. They set a “hold” rating on the stock. Evercore ISI raised shares of Delta Air Lines from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $40.00 to $47.00 in a research report on Tuesday, March 7th. The Goldman Sachs Group assumed coverage on shares of Delta Air Lines in a research report on Friday, December 16th. They set a “buy” rating and a $40.00 price target on the stock. Bank of America boosted their price target on shares of Delta Air Lines from $40.00 to $43.00 in a research report on Tuesday, January 10th. Finally, Argus raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Thursday, January 5th. One analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $49.47.

Delta Air Lines Company Profile

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Delta Air Lines, Inc engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment provides jet fuel to the airline segment.