BTC Capital Management Inc. Decreases Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

BTC Capital Management Inc. lessened its stake in Delta Air Lines, Inc. (NYSE:DAL) by 1.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,302 shares of the transportation company’s stock after selling 247 shares during the quarter. BTC Capital Management Inc.’s holdings in Delta Air Lines were worth $805,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DAL. Future Financial Wealth Managment LLC purchased a new stake in shares of Delta Air Lines during the third quarter worth about $25,000. Crews Bank & Trust purchased a new position in Delta Air Lines in the 4th quarter valued at about $30,000. Ashton Thomas Securities LLC acquired a new stake in Delta Air Lines in the 3rd quarter worth about $31,000. Modus Advisors LLC purchased a new stake in Delta Air Lines during the 4th quarter worth approximately $33,000. Finally, Harbor Investment Advisory LLC raised its holdings in shares of Delta Air Lines by 217.1% during the fourth quarter. Harbor Investment Advisory LLC now owns 555 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 380 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Price Performance

NYSE:DAL opened at $68.57 on Friday. The stock’s fifty day moving average is $63.51 and its two-hundred day moving average is $53.80. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $44.25 billion, a P/E ratio of 12.86, a P/E/G ratio of 0.80 and a beta of 1.35. Delta Air Lines, Inc. has a 52 week low of $37.29 and a 52 week high of $69.98.

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

Insider Activity at Delta Air Lines

In other news, EVP Allison C. Ausband sold 7,510 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 58,897 shares of the company’s stock, valued at approximately $3,688,130.14. This trade represents a 11.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the completion of the transaction, the chief executive officer now owns 439,819 shares of the company’s stock, valued at $30,721,357.15. This trade represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 129,150 shares of company stock worth $8,735,936. Insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DAL shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $83.00 price target on shares of Delta Air Lines in a research note on Friday, November 15th. Citigroup upped their target price on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Jefferies Financial Group raised their price target on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Sanford C. Bernstein upped their price objective on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Finally, Bank of America raised 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 note on Friday, October 11th. Fourteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price 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.