Stonehearth Capital Management LLC Has $257,000 Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Stonehearth Capital Management LLC lessened its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 11.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,248 shares of the transportation company’s stock after selling 545 shares during the quarter. Stonehearth Capital Management LLC’s holdings in Delta Air Lines were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Advance Capital Management Inc. acquired a new position in shares of Delta Air Lines in the 4th quarter valued at $240,000. Neville Rodie & Shaw Inc. acquired a new stake in shares of Delta Air Lines during the 4th quarter valued at about $581,000. Everence Capital Management Inc. increased its stake in Delta Air Lines by 22.9% in the fourth quarter. Everence Capital Management Inc. now owns 23,530 shares of the transportation company’s stock valued at $1,424,000 after acquiring an additional 4,380 shares during the period. Modus Advisors LLC acquired a new position in Delta Air Lines in the fourth quarter worth about $33,000. Finally, GAMMA Investing LLC lifted its stake in Delta Air Lines by 22.3% during the fourth quarter. GAMMA Investing LLC now owns 9,241 shares of the transportation company’s stock worth $559,000 after purchasing an additional 1,683 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Delta Air Lines

In related news, EVP Joanne D. Smith sold 3,431 shares of the company’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $50.46, for a total value of $173,128.26. Following the completion of the sale, the executive vice president now owns 108,990 shares in the company, valued at approximately $5,499,635.40. This represents a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Alain Bellemare sold 19,490 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $55.26, for a total value of $1,077,017.40. Following the transaction, the executive vice president now owns 121,961 shares in the company, valued at approximately $6,739,564.86. This trade represents a 13.78 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 140,240 shares of company stock worth $8,044,893. Insiders own 0.96% of the company’s stock.

Delta Air Lines Trading Up 2.2 %

Shares of DAL stock traded up $1.33 on Tuesday, reaching $61.37. 4,108,544 shares of the stock were exchanged, compared to its average volume of 7,773,077. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34. Delta Air Lines, Inc. has a one year low of $36.34 and a one year high of $67.50. The stock has a market cap of $39.60 billion, a PE ratio of 8.52, a P/E/G ratio of 1.21 and a beta of 1.35. The stock has a 50 day moving average price of $61.87 and a 200 day moving average price of $51.51.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). The business had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.65 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.03 earnings per share. Equities research analysts forecast that Delta Air Lines, Inc. will post 6.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DAL has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their target price on Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Bank of America increased their price objective on Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Jefferies Financial Group increased their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, UBS Group reaffirmed a “buy” rating and set a $88.00 price objective on shares of Delta Air Lines in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Delta Air Lines currently has a consensus rating of “Buy” and an average target price of $77.06.

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 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, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.