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

Wealth Management Partners LLC lowered its position in Delta Air Lines, Inc. (NYSE:DAL) by 39.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,509 shares of the transportation company’s stock after selling 3,535 shares during the period. Wealth Management Partners LLC’s holdings in Delta Air Lines were worth $333,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in DAL. Envestnet Asset Management Inc. boosted its stake in shares of Delta Air Lines by 48.2% in the second quarter. Envestnet Asset Management Inc. now owns 385,549 shares of the transportation company’s stock valued at $18,290,000 after buying an additional 125,314 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Delta Air Lines by 10.7% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 36,439 shares of the transportation company’s stock worth $1,729,000 after purchasing an additional 3,523 shares in the last quarter. First Eagle Investment Management LLC grew its stake in shares of Delta Air Lines by 43.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 12,805 shares of the transportation company’s stock worth $607,000 after purchasing an additional 3,853 shares during the period. Brighton Jones LLC increased its holdings in shares of Delta Air Lines by 4.0% in the 2nd quarter. Brighton Jones LLC now owns 8,039 shares of the transportation company’s stock valued at $381,000 after purchasing an additional 306 shares in the last quarter. Finally, AE Wealth Management LLC lifted its stake in shares of Delta Air Lines by 14.4% in the second quarter. AE Wealth Management LLC now owns 9,033 shares of the transportation company’s stock valued at $429,000 after purchasing an additional 1,138 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

Shares of DAL opened at $65.81 on Monday. Delta Air Lines, Inc. has a 1 year low of $36.69 and a 1 year high of $68.99. The company’s 50 day simple moving average is $62.86 and its 200 day simple moving average is $52.51. The company has a market capitalization of $42.47 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 1.05 and a beta of 1.35. 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 (NYSE:DAL) last issued 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 company 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 29.93% and a net margin of 7.71%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.28 EPS. On average, sell-side analysts predict that Delta Air Lines, Inc. will post 7.35 EPS for the current year.

Insiders Place Their Bets

In other Delta Air Lines news, EVP Allison C. Ausband sold 7,510 shares of Delta Air Lines stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total value of $470,276.20. Following the transaction, the executive vice president now owns 58,897 shares in the company, valued at $3,688,130.14. This trade represents a 11.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP William C. Carroll sold 21,530 shares of the company’s stock in a transaction on 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 sale, the senior vice president now owns 19,756 shares of the company’s stock, valued at approximately $1,197,608.72. The trade was a 52.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 117,319 shares of company stock valued at $6,794,748. Insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on DAL shares. Bank of America upped their target price on shares of Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. UBS Group reaffirmed a “buy” rating and issued a $88.00 price objective on shares of Delta Air Lines in a research note on Tuesday, November 26th. Susquehanna upped their target price on Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. TD Cowen raised their price target on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Finally, StockNews.com upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Fourteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $78.22.

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.