Kwmg LLC Cuts Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Kwmg LLC decreased its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 7.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 114,081 shares of the transportation company’s stock after selling 9,372 shares during the quarter. Kwmg LLC’s holdings in Delta Air Lines were worth $6,902,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DAL. Future Financial Wealth Managment LLC acquired a new position in shares of Delta Air Lines during the third quarter worth about $25,000. Kimelman & Baird LLC purchased a new stake in shares of Delta Air Lines in the 2nd quarter valued at approximately $31,000. Ashton Thomas Securities LLC acquired a new stake in shares of Delta Air Lines in the 3rd quarter valued at $31,000. Modus Advisors LLC purchased a new stake in shares of Delta Air Lines during the 4th quarter worth $33,000. Finally, Versant Capital Management Inc grew its stake in shares of Delta Air Lines by 829.2% during the fourth quarter. Versant Capital Management Inc now owns 604 shares of the transportation company’s stock worth $37,000 after purchasing an additional 539 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

Shares of DAL stock traded down $1.88 during trading hours on Monday, reaching $65.07. 10,237,834 shares of the company’s stock were exchanged, compared to its average volume of 11,691,444. 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 1 year low of $36.34 and a 1 year high of $68.99. The company has a market cap of $41.99 billion, a P/E ratio of 9.04, a price-to-earnings-growth ratio of 1.17 and a beta of 1.35. The company’s 50 day moving average is $62.27 and its two-hundred day moving average is $51.90.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The firm had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. During the same quarter in the previous year, the firm earned $1.28 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. Equities research analysts anticipate that Delta Air Lines, Inc. will post 6.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on DAL shares. Sanford C. Bernstein lifted their price target on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Bank of America boosted their target price 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. The Goldman Sachs Group reiterated a “buy” rating and issued a $83.00 price target on shares of Delta Air Lines in a research note on Friday, November 15th. Barclays boosted their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, UBS Group reiterated a “buy” rating and set a $88.00 price target on shares of Delta Air Lines in a research note on Tuesday, November 26th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Delta Air Lines has an average rating of “Buy” and a consensus price target of $78.22.

Insider Buying and Selling

In related news, CEO Edward H. Bastian sold 68,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $56.33, for a total value of $3,830,440.00. Following the sale, the chief executive officer now owns 439,819 shares of the company’s stock, valued at approximately $24,775,004.27. This represents a 13.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP William C. Carroll sold 21,530 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $60.62, for a total value of $1,305,148.60. Following the sale, the senior vice president now owns 19,756 shares in the company, valued at approximately $1,197,608.72. This trade represents a 52.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 136,809 shares of company stock worth $7,871,765 in the last quarter. Company insiders own 0.96% 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 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.