Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Everpar Advisors LLC

Everpar Advisors LLC lessened its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 19.3% during the 4th quarter, Holdings Channel reports. The firm owned 3,864 shares of the transportation company’s stock after selling 927 shares during the quarter. Everpar Advisors LLC’s holdings in Delta Air Lines were worth $234,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Pzena Investment Management LLC purchased a new stake in Delta Air Lines in the third quarter valued at approximately $281,206,000. Castle Hook Partners LP acquired a new stake in Delta Air Lines during the 3rd quarter valued at approximately $189,296,000. Sanders Capital LLC boosted its holdings in shares of Delta Air Lines by 2.8% in the 3rd quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock valued at $1,414,074,000 after acquiring an additional 749,099 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Delta Air Lines by 419.5% in the third quarter. Janney Montgomery Scott LLC now owns 562,129 shares of the transportation company’s stock worth $28,551,000 after acquiring an additional 453,926 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Delta Air Lines by 2.8% in the third quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock worth $789,452,000 after acquiring an additional 416,338 shares during the period. 69.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Allison C. Ausband sold 7,510 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total transaction of $470,276.20. Following the transaction, the executive vice president now directly owns 58,897 shares in the company, valued at approximately $3,688,130.14. The trade was a 11.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Edward H. Bastian sold 68,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 117,319 shares of company stock worth $6,794,748. 0.96% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

DAL has been the topic of several recent research reports. Jefferies Financial Group upped their price target on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft upped their target price on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Citigroup lifted their price target on Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. The Goldman Sachs Group reissued a “buy” rating and issued a $83.00 price target on shares of Delta Air Lines in a report on Friday, November 15th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Fourteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Delta Air Lines presently has a consensus rating of “Buy” and a consensus price target of $78.22.

Delta Air Lines Stock Down 0.6 %

Shares of NYSE DAL opened at $65.81 on Friday. The firm has a market cap of $42.47 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 1.05 and a beta of 1.35. The company’s 50-day simple moving average is $62.77 and its 200-day simple moving average is $52.34. 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 52-week low of $36.69 and a 52-week high of $68.99.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. During the same period in the previous year, the firm posted $1.28 EPS. Delta Air Lines’s revenue was up 9.4% compared to the same quarter last year. Equities analysts predict that Delta Air Lines, Inc. will post 7.35 EPS for the current fiscal year.

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.