Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Taylor & Morgan Wealth Management LLC

Taylor & Morgan Wealth Management LLC cut its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 16.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,710 shares of the transportation company’s stock after selling 1,528 shares during the period. Taylor & Morgan Wealth Management LLC’s holdings in Delta Air Lines were worth $466,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Future Financial Wealth Managment LLC bought a new stake in shares of Delta Air Lines during the 3rd quarter worth about $25,000. Modus Advisors LLC bought a new stake in Delta Air Lines during the fourth quarter worth approximately $33,000. Versant Capital Management Inc boosted its stake in 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 purchasing an additional 539 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Delta Air Lines during the 3rd quarter valued at $31,000. Finally, Kimelman & Baird LLC bought a new stake in shares of Delta Air Lines in the 2nd quarter worth $31,000. 69.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Bank of America lifted their target price on Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Jefferies Financial Group raised their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, November 11th. TD Cowen upped their price target on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 13th. Barclays raised their price objective on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, UBS Group reaffirmed a “buy” rating and set a $88.00 target price on shares of Delta Air Lines in a report on Tuesday, November 26th. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $78.22.

Insider Activity at Delta Air Lines

In other news, EVP Steven M. Sear sold 10,279 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $58.72, for a total value of $603,582.88. Following the completion of the sale, the executive vice president now directly owns 78,459 shares in the company, valued at approximately $4,607,112.48. The trade was a 11.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Edward H. Bastian sold 68,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 439,819 shares in the company, valued at $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. Over the last quarter, insiders have sold 117,319 shares of company stock valued at $6,794,748. 0.96% of the stock is currently owned by corporate insiders.

Delta Air Lines Stock Down 0.6 %

DAL stock opened at $65.81 on Friday. The company has a 50 day moving average of $62.86 and a two-hundred day moving average of $52.47. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05. Delta Air Lines, Inc. has a 12-month low of $36.69 and a 12-month high of $68.99. The company has a market cap of $42.47 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 1.05 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The firm had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter last year, the firm earned $1.28 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities analysts anticipate that Delta Air Lines, Inc. will post 7.35 earnings per share for the current fiscal year.

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.