Securian Asset Management Inc. decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL – Get Rating) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,844 shares of the transportation company’s stock after selling 479 shares during the period. Securian Asset Management Inc.’s holdings in Delta Air Lines were worth $2,065,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DAL. EverSource Wealth Advisors LLC acquired a new position in Delta Air Lines during the 4th quarter worth approximately $25,000. Old North State Trust LLC increased its position in Delta Air Lines by 790.7% during the 4th quarter. Old North State Trust LLC now owns 668 shares of the transportation company’s stock worth $26,000 after purchasing an additional 593 shares during the period. Evolution Advisers Inc. acquired a new position in Delta Air Lines during the 4th quarter worth approximately $29,000. Wealth Quarterback LLC increased its position in Delta Air Lines by 257.8% during the 3rd quarter. Wealth Quarterback LLC now owns 5,034 shares of the transportation company’s stock worth $34,000 after purchasing an additional 3,627 shares during the period. Finally, Aquire Wealth Advisors LLC acquired a new stake in shares of Delta Air Lines in the 4th quarter worth approximately $40,000. Institutional investors own 63.24% of the company’s stock.
Shares of Delta Air Lines stock opened at $38.25 on Tuesday. Delta Air Lines, Inc. has a fifty-two week low of $29.75 and a fifty-two week high of $48.54. The firm has a market cap of $24.52 billion, a PE ratio of 48.42 and a beta of 1.05. The business’s fifty day moving average is $38.82 and its two-hundred day moving average is $39.53. The company has a quick ratio of 0.60, a current ratio of 0.65 and a debt-to-equity ratio of 8.17.
DAL has been the topic of a number of research reports. Morgan Stanley upped their price target on Delta Air Lines from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Thursday, April 14th. Berenberg Bank upgraded Delta Air Lines from a “hold” rating to a “buy” rating and upped their price target for the stock from $48.00 to $50.00 in a report on Tuesday, January 25th. Citigroup lowered their price target on Delta Air Lines from $56.00 to $54.00 in a report on Tuesday, January 18th. StockNews.com started coverage on Delta Air Lines in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Bank of America upped their target price on Delta Air Lines from $47.00 to $50.00 in a research note on Thursday, April 14th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $52.41.
In related news, EVP Joanne D. Smith sold 6,098 shares of the stock in a transaction on Thursday, April 14th. The stock was sold at an average price of $41.99, for a total value of $256,055.02. Following the transaction, the executive vice president now directly owns 129,881 shares of the company’s stock, valued at approximately $5,453,703.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Joanne D. Smith sold 9,024 shares of the stock in a transaction on Friday, April 29th. The stock was sold at an average price of $44.14, for a total value of $398,319.36. Following the completion of the transaction, the executive vice president now directly owns 120,857 shares in the company, valued at $5,334,627.98. The disclosure for this sale can be found here. Insiders sold a total of 25,122 shares of company stock worth $1,089,874 over the last ninety days. Corporate insiders own 0.63% of the company’s stock.
About Delta Air Lines (Get Rating)
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, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.
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