Thurston Springer Miller Herd & Titak Inc. Raises Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 24.5% in the 4th quarter, Holdings Channel reports. The fund owned 4,719 shares of the transportation company’s stock after buying an additional 930 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Delta Air Lines were worth $286,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Future Financial Wealth Managment LLC purchased a new position in shares of Delta Air Lines in the 3rd quarter valued at about $25,000. Kimelman & Baird LLC acquired a new stake in Delta Air Lines in the second quarter valued at approximately $31,000. Ashton Thomas Securities LLC purchased a new stake in shares of Delta Air Lines in the third quarter valued at approximately $31,000. Modus Advisors LLC acquired a new position in shares of Delta Air Lines during the 4th quarter worth approximately $33,000. Finally, Versant Capital Management Inc lifted its position in shares of Delta Air Lines by 829.2% during the 4th quarter. Versant Capital Management Inc now owns 604 shares of the transportation company’s stock valued at $37,000 after buying an additional 539 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of Delta Air Lines stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $60.62, for a total value of $1,305,148.60. Following the completion of the sale, the senior vice president now owns 19,756 shares in the company, valued at $1,197,608.72. The trade was a 52.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Edward H. Bastian sold 68,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $56.33, for a total transaction of $3,830,440.00. Following the completion of the sale, the chief executive officer now owns 439,819 shares of the company’s stock, valued at approximately $24,775,004.27. The trade was a 13.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 117,319 shares of company stock valued at $6,794,748 over the last three months. 0.96% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on DAL shares. Susquehanna lifted their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. Sanford C. Bernstein lifted their price objective on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. TD Cowen increased their target price on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday. StockNews.com raised Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Monday. Finally, UBS Group reiterated a “buy” rating and issued a $88.00 target price on shares of Delta Air Lines in a research report on Tuesday, November 26th. Fourteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $78.22.

Delta Air Lines Price Performance

Delta Air Lines stock opened at $66.16 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. Delta Air Lines, Inc. has a one year low of $36.69 and a one year high of $68.99. The company has a market cap of $42.69 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 1.05 and a beta of 1.35. The business has a fifty day moving average of $62.65 and a two-hundred day moving average of $52.24.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. The business had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.28 EPS. As a group, analysts predict that Delta Air Lines, Inc. will post 7.35 earnings per share for the current fiscal year.

Delta Air Lines Company Profile

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.