Intellectus Partners LLC Has $5.83 Million Position in Delta Air Lines, Inc. (NYSE:DAL)

Intellectus Partners LLC trimmed its stake in Delta Air Lines, Inc. (NYSE:DAL) by 0.5% in the fourth quarter, Holdings Channel reports. The firm owned 99,731 shares of the transportation company’s stock after selling 488 shares during the quarter. Delta Air Lines comprises approximately 2.4% of Intellectus Partners LLC’s investment portfolio, making the stock its 4th biggest position. Intellectus Partners LLC’s holdings in Delta Air Lines were worth $5,832,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Nuveen Asset Management LLC boosted its stake in shares of Delta Air Lines by 3,507.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 3,338,652 shares of the transportation company’s stock worth $189,469,000 after acquiring an additional 3,246,105 shares during the period. Voya Investment Management LLC boosted its stake in shares of Delta Air Lines by 124.6% during the 3rd quarter. Voya Investment Management LLC now owns 3,957,919 shares of the transportation company’s stock worth $227,976,000 after acquiring an additional 2,195,893 shares during the period. Squarepoint Ops LLC boosted its stake in shares of Delta Air Lines by 361.2% during the 3rd quarter. Squarepoint Ops LLC now owns 1,073,215 shares of the transportation company’s stock worth $61,817,000 after acquiring an additional 840,526 shares during the period. Natixis boosted its stake in shares of Delta Air Lines by 1,893.9% during the 2nd quarter. Natixis now owns 694,321 shares of the transportation company’s stock worth $39,403,000 after acquiring an additional 659,498 shares during the period. Finally, Amundi Pioneer Asset Management Inc. boosted its stake in shares of Delta Air Lines by 36.5% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 1,846,002 shares of the transportation company’s stock worth $832,793,000 after acquiring an additional 494,093 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Several brokerages have recently commented on DAL. Barclays set a $65.00 target price on Delta Air Lines and gave the stock a “buy” rating in a research note on Thursday, October 10th. ValuEngine downgraded Delta Air Lines from a “hold” rating to a “sell” rating in a research note on Saturday, January 4th. UBS Group began coverage on Delta Air Lines in a research note on Tuesday, November 12th. They set a “neutral” rating and a $62.00 target price for the company. Wolfe Research downgraded Delta Air Lines from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 13th. Finally, Citigroup lifted their price target on Delta Air Lines from $65.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $66.94.

NYSE:DAL traded down $2.02 during mid-day trading on Friday, hitting $58.25. 802,455 shares of the stock were exchanged, compared to its average volume of 6,339,669. The stock has a market capitalization of $38.57 billion, a price-to-earnings ratio of 7.98, a price-to-earnings-growth ratio of 0.59 and a beta of 1.11. The firm’s 50-day simple moving average is $58.73 and its 200 day simple moving average is $57.91. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.35 and a current ratio of 0.41. Delta Air Lines, Inc. has a fifty-two week low of $46.90 and a fifty-two week high of $63.44.

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

In other Delta Air Lines news, CEO Edward H. Bastian sold 30,236 shares of Delta Air Lines stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $57.55, for a total value 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.47% of the stock is owned by insiders.

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 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.

Recommended Story: What member countries make up the G-20?

Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DAL).

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

Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.