4,650 Shares in Delta Air Lines, Inc. (NYSE:DAL) Acquired by McHugh Group LLC

McHugh Group LLC bought a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the fourth quarter, Holdings Channel.com reports. The fund bought 4,650 shares of the transportation company’s stock, valued at approximately $281,000.

Several other hedge funds have also bought and sold shares of the stock. Silver Oak Securities Incorporated bought a new stake in shares of Delta Air Lines during the 4th quarter worth $697,000. Bleakley Financial Group LLC raised its position in Delta Air Lines by 17.3% during the fourth quarter. Bleakley Financial Group LLC now owns 11,076 shares of the transportation company’s stock valued at $670,000 after purchasing an additional 1,637 shares in the last quarter. Econ Financial Services Corp bought a new stake in Delta Air Lines during the fourth quarter worth about $236,000. Choreo LLC boosted its holdings in shares of Delta Air Lines by 21.1% in the 4th quarter. Choreo LLC now owns 23,655 shares of the transportation company’s stock worth $1,436,000 after purchasing an additional 4,114 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Delta Air Lines by 42.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 65,160 shares of the transportation company’s stock valued at $3,985,000 after purchasing an additional 19,568 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DAL has been the subject of a number of recent research reports. TD Cowen boosted their target price on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Susquehanna boosted their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. The Goldman Sachs Group restated a “buy” rating and set a $83.00 price target on shares of Delta Air Lines in a research report on Friday, November 15th. Jefferies Financial Group raised their price target on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. boosted their price objective on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $78.22.

Insider Buying and Selling

In other news, CEO Edward H. Bastian sold 91,710 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the transaction, the chief executive officer now owns 439,819 shares in the company, valued at approximately $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP William C. Carroll sold 8,400 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $66.02, for a total transaction of $554,568.00. Following the sale, the senior vice president now owns 19,756 shares in the company, valued at approximately $1,304,291.12. The trade was a 29.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 128,423 shares of company stock worth $8,712,931 in the last 90 days. Insiders own 0.96% of the company’s stock.

Delta Air Lines Trading Down 0.1 %

NYSE:DAL opened at $69.01 on Thursday. The company has a 50-day moving average price of $63.84 and a 200-day moving average price of $54.51. The stock has a market cap of $44.53 billion, a price-to-earnings ratio of 12.95, a P/E/G ratio of 0.78 and a beta of 1.36. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a 12 month low of $37.29 and a 12 month high of $69.98.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.76 by $0.09. The business had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. Delta Air Lines’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business posted $1.28 earnings per share. Equities analysts predict that Delta Air Lines, Inc. will post 7.67 EPS for the current 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.