Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its position in Delta Air Lines, Inc. (NYSE:DAL – Get Rating) by 35.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,018 shares of the transportation company’s stock after selling 64,803 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Delta Air Lines were worth $3,812,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Argent Advisors Inc. lifted its holdings in shares of Delta Air Lines by 1.6% in the 4th quarter. Argent Advisors Inc. now owns 16,912 shares of the transportation company’s stock valued at $556,000 after purchasing an additional 274 shares during the last quarter. Forum Financial Management LP boosted its position in Delta Air Lines by 3.5% during the first quarter. Forum Financial Management LP now owns 8,675 shares of the transportation company’s stock worth $343,000 after purchasing an additional 292 shares in the last quarter. Utah Retirement Systems boosted its position in Delta Air Lines by 0.6% during the third quarter. Utah Retirement Systems now owns 54,025 shares of the transportation company’s stock worth $1,516,000 after purchasing an additional 300 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its position in shares of Delta Air Lines by 17.6% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 2,000 shares of the transportation company’s stock valued at $66,000 after acquiring an additional 300 shares in the last quarter. Finally, Clarius Group LLC lifted its position in shares of Delta Air Lines by 3.5% in the fourth quarter. Clarius Group LLC now owns 9,101 shares of the transportation company’s stock valued at $299,000 after acquiring an additional 311 shares in the last quarter. 66.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, President Glen W. Hauenstein sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $37.87, for a total value of $189,350.00. Following the completion of the transaction, the president now directly owns 278,712 shares of the company’s stock, valued at approximately $10,554,823.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Joanne D. Smith sold 4,846 shares of Delta Air Lines stock in a transaction 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 transaction, the executive vice president now owns 115,295 shares in the company, valued at approximately $4,430,786.85. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Glen W. Hauenstein sold 5,000 shares of Delta Air Lines stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $37.87, for a total transaction of $189,350.00. Following the sale, the president now directly owns 278,712 shares in the company, valued at approximately $10,554,823.44. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 15,000 shares of company stock valued at $503,250 and sold 14,846 shares valued at $548,232. 0.84% of the stock is owned by insiders.

Analysts Set New Price Targets

DAL has been the subject of several research analyst reports. StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. Barclays raised their price target on Delta Air Lines from $44.00 to $48.00 in a report on Friday, March 10th. Bank of America lowered their target price on Delta Air Lines from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, April 14th. Raymond James lifted their price target on Delta Air Lines from $53.00 to $54.00 and gave the company a “strong-buy” rating in a research report on Monday, April 3rd. Finally, Redburn Partners upgraded Delta Air Lines from a “neutral” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Wednesday, February 8th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.38.

Delta Air Lines Stock Performance

NYSE DAL opened at $33.72 on Tuesday. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.42 and a current ratio of 0.47. Delta Air Lines, Inc. has a fifty-two week low of $27.20 and a fifty-two week high of $42.45. The stock has a market cap of $21.67 billion, a PE ratio of 11.43, a PEG ratio of 0.18 and a beta of 1.25. The firm’s fifty day moving average price is $34.20 and its two-hundred day moving average price is $35.38.

Delta Air Lines (NYSE:DAL – Get Rating) last announced its quarterly earnings data on Thursday, April 13th. The transportation company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.04). Delta Air Lines had a net margin of 3.51% and a return on equity of 56.49%. The company had revenue of $12.76 billion for the quarter, compared to analyst estimates of $12.25 billion. During the same quarter in the prior year, the company posted ($1.23) EPS. Delta Air Lines’s revenue for the quarter was up 36.5% on a year-over-year basis. On average, equities analysts expect that Delta Air Lines, Inc. will post 5.39 EPS for the current fiscal year.

About Delta Air Lines

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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.