SOA Wealth Advisors LLC. bought a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,032 shares of the transportation company’s stock, valued at approximately $130,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in DAL. Oder Investment Management LLC purchased a new stake in shares of Delta Air Lines during the fourth quarter valued at $25,000. Reby Advisors LLC acquired a new position in Delta Air Lines during the fourth quarter valued at $25,000. Dimension Capital Management LLC acquired a new position in Delta Air Lines during the third quarter valued at $27,000. South State CORP. acquired a new position in Delta Air Lines during the fourth quarter valued at $27,000. Finally, Albion Financial Group UT acquired a new position in Delta Air Lines during the fourth quarter valued at $28,000. 59.48% of the stock is owned by institutional investors and hedge funds.
In related news, President Glen W. Hauenstein sold 60,586 shares of the firm’s stock in a transaction that occurred on Friday, February 12th. The stock was sold at an average price of $43.46, for a total transaction of $2,633,067.56. 0.63% of the stock is owned by company insiders.
Several research analysts recently weighed in on DAL shares. Vertical Research raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Friday, January 15th. Evercore ISI upped their price target on Delta Air Lines from $51.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, January 15th. Zacks Investment Research raised Delta Air Lines from a “sell” rating to a “hold” rating and set a $45.00 target price on the stock in a research report on Wednesday, February 10th. Deutsche Bank Aktiengesellschaft raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Monday, March 1st. Finally, Argus raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Wednesday, January 20th. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $46.65.
Shares of NYSE:DAL opened at $50.20 on Thursday. The business has a 50 day moving average price of $47.95 and a 200 day moving average price of $39.91. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 8.88. Delta Air Lines, Inc. has a twelve month low of $17.51 and a twelve month high of $52.28. The company has a market cap of $32.03 billion, a price-to-earnings ratio of -2.57 and a beta of 1.45.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Wednesday, January 13th. The transportation company reported ($2.53) EPS for the quarter, missing the Zacks’ consensus estimate of ($2.50) by ($0.03). Delta Air Lines had a negative return on equity of 39.69% and a negative net margin of 42.88%. The firm had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the prior year, the business posted $1.70 EPS. Delta Air Lines’s revenue was down 65.3% compared to the same quarter last year. Analysts anticipate that Delta Air Lines, Inc. will post -0.58 EPS for the current 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, London-Heathrow, Mexico City, Paris-Charles de Gaulle, and Seoul-Incheon.
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