Delta Air Lines, Inc. (NYSE:DAL) Shares Acquired by Carolina Wealth Advisors LLC

Carolina Wealth Advisors LLC boosted its stake in Delta Air Lines, Inc. (NYSE:DAL) by 2.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 12,840 shares of the transportation company’s stock after acquiring an additional 247 shares during the quarter. Carolina Wealth Advisors LLC’s holdings in Delta Air Lines were worth $777,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DAL. Acadian Asset Management LLC purchased a new stake in shares of Delta Air Lines during the second quarter worth about $302,000. American Century Companies Inc. lifted its stake in Delta Air Lines by 159.8% in the 2nd quarter. American Century Companies Inc. now owns 588,436 shares of the transportation company’s stock worth $27,915,000 after purchasing an additional 361,942 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Delta Air Lines by 8.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 56,494 shares of the transportation company’s stock worth $2,754,000 after purchasing an additional 4,599 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Delta Air Lines by 5.8% in the second quarter. Parallel Advisors LLC now owns 8,844 shares of the transportation company’s stock valued at $420,000 after purchasing an additional 488 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of Delta Air Lines by 33.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 36,518 shares of the transportation company’s stock valued at $1,732,000 after purchasing an additional 9,164 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Down 1.3 %

Delta Air Lines stock opened at $65.42 on Thursday. The stock has a 50 day moving average of $62.59 and a two-hundred day moving average of $52.15. Delta Air Lines, Inc. has a twelve month low of $36.34 and a twelve month high of $68.99. The stock has a market capitalization of $42.21 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 1.05 and a beta of 1.35. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. The firm had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. Delta Air Lines’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm posted $1.28 EPS. As a group, research analysts expect that Delta Air Lines, Inc. will post 7.35 earnings per share for the current year.

Analysts Set New Price Targets

DAL has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price target on Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, November 21st. TD Cowen lifted their price target on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday. Susquehanna upped their price target on Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. Finally, Sanford C. Bernstein upped their target price on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Fourteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $78.22.

Insider Activity at Delta Air Lines

In related news, EVP Allison C. Ausband sold 7,510 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total value of $470,276.20. Following the sale, the executive vice president now directly owns 58,897 shares in the company, valued at $3,688,130.14. The trade was a 11.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP William C. Carroll sold 21,530 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $60.62, for a total value of $1,305,148.60. Following the completion of the sale, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at approximately $1,197,608.72. This trade represents a 52.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 117,319 shares of company stock worth $6,794,748 over the last 90 days. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Company 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, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.