Douglas Lane & Associates LLC Purchases 19,165 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Douglas Lane & Associates LLC grew its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,028,424 shares of the transportation company’s stock after purchasing an additional 19,165 shares during the period. Delta Air Lines makes up about 2.2% of Douglas Lane & Associates LLC’s holdings, making the stock its 6th largest holding. Douglas Lane & Associates LLC’s holdings in Delta Air Lines were worth $118,622,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in DAL. Sigma Planning Corp boosted its stake in shares of Delta Air Lines by 6.1% during the third quarter. Sigma Planning Corp now owns 36,406 shares of the transportation company’s stock worth $2,097,000 after buying an additional 2,100 shares during the period. Synovus Financial Corp lifted its position in Delta Air Lines by 67.7% in the third quarter. Synovus Financial Corp now owns 43,957 shares of the transportation company’s stock valued at $2,537,000 after purchasing an additional 17,746 shares during the period. Public Employees Retirement System of Ohio lifted its position in Delta Air Lines by 0.3% in the third quarter. Public Employees Retirement System of Ohio now owns 403,021 shares of the transportation company’s stock valued at $23,214,000 after purchasing an additional 1,048 shares during the period. Sepio Capital LLC lifted its position in Delta Air Lines by 18.9% in the third quarter. Sepio Capital LLC now owns 101,839 shares of the transportation company’s stock valued at $5,866,000 after purchasing an additional 16,162 shares during the period. Finally, Daiwa Securities Group Inc. lifted its position in Delta Air Lines by 3.2% in the third quarter. Daiwa Securities Group Inc. now owns 15,976 shares of the transportation company’s stock valued at $920,000 after purchasing an additional 490 shares during the period. Institutional investors and hedge funds own 86.88% of the company’s stock.

A number of equities research analysts have recently issued reports on DAL shares. Barclays set a $65.00 price target on shares of Delta Air Lines and gave the company a “buy” rating in a research report on Thursday, October 10th. ValuEngine downgraded shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Saturday, January 4th. Citigroup lifted their price target on shares of Delta Air Lines from $65.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Raymond James reduced their price target on shares of Delta Air Lines from $70.00 to $64.00 and set an “outperform” rating for the company in a research report on Friday, October 11th. They noted that the move was a valuation call. Finally, Stephens lifted their price target on shares of Delta Air Lines from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $66.94.

Shares of DAL traded down $1.91 during mid-day trading on Monday, reaching $56.90. 826,860 shares of the company’s stock were exchanged, compared to its average volume of 6,977,594. The company has a quick ratio of 0.35, a current ratio of 0.41 and a debt-to-equity ratio of 0.92. The company has a 50-day simple moving average of $58.79 and a two-hundred day simple moving average of $57.91. Delta Air Lines, Inc. has a 52-week low of $46.90 and a 52-week high of $63.44. The company has a market cap of $38.03 billion, a price-to-earnings ratio of 7.78, a PEG ratio of 0.58 and a beta of 1.11.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Tuesday, January 14th. The transportation company reported $1.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.30. Delta Air Lines had a net margin of 10.14% and a return on equity of 33.28%. The business had revenue of $11.44 billion during the quarter, compared to analysts’ expectations of $11.37 billion. During the same period last year, the company posted $1.30 EPS. The company’s revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts predict that Delta Air Lines, Inc. will post 7.26 EPS for the current fiscal year.

In other news, CEO Edward H. Bastian sold 30,236 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $57.55, for a total transaction of $1,740,081.80. Following the completion of the transaction, the chief executive officer now directly owns 323,955 shares of the company’s stock, valued at approximately $18,643,610.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.47% of the company’s stock.

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 route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

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

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