5,550 Shares in Delta Air Lines, Inc. (NYSE:DAL) Bought by Rik Saylor Financial Inc.

Rik Saylor Financial Inc. bought a new position in Delta Air Lines, Inc. (NYSE:DAL) in the 4th quarter, Holdings Channel.com reports. The firm bought 5,550 shares of the transportation company’s stock, valued at approximately $336,000.

Several other institutional investors and hedge funds also recently modified their holdings of DAL. Future Financial Wealth Managment LLC purchased a new position in Delta Air Lines in the 3rd quarter valued at about $25,000. New Wave Wealth Advisors LLC purchased a new position in Delta Air Lines in the 4th quarter valued at about $27,000. Crews Bank & Trust purchased a new position in Delta Air Lines in the fourth quarter valued at about $30,000. Ashton Thomas Securities LLC purchased a new position in Delta Air Lines in the third quarter valued at about $31,000. Finally, Modus Advisors LLC purchased a new position in Delta Air Lines in the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

Shares of NYSE:DAL opened at $69.01 on Thursday. The business’s fifty day moving average price is $63.84 and its two-hundred day moving average price is $54.51. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two week high of $69.98. The stock has a market capitalization of $44.53 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 0.78 and a beta of 1.36. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 EPS 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 analyst estimates of $14.20 billion. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. Delta Air Lines’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.28 EPS. As a group, analysts predict that Delta Air Lines, Inc. will post 7.67 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Citigroup increased their price objective on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Wednesday. TD Cowen increased their price target on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $83.00 target price on shares of Delta Air Lines in a report on Friday, November 15th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $78.22.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the transaction, the chief executive officer now owns 439,819 shares in the company, valued at approximately $30,721,357.15. This trade represents a 17.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William C. Carroll sold 8,400 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $66.02, for a total transaction of $554,568.00. Following the transaction, the senior vice president now owns 19,756 shares of the company’s stock, valued at approximately $1,304,291.12. This represents a 29.83 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 128,423 shares of company stock worth $8,712,931. Insiders own 0.96% of the company’s stock.

Delta Air Lines 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.