Coastwise Capital Group LLC Sells 1,142 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Coastwise Capital Group LLC lessened its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 7.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,969 shares of the transportation company’s stock after selling 1,142 shares during the period. Coastwise Capital Group LLC’s holdings in Delta Air Lines were worth $906,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Creative Planning boosted its holdings in shares of Delta Air Lines by 3.1% in the 2nd quarter. Creative Planning now owns 165,474 shares of the transportation company’s stock worth $7,850,000 after purchasing an additional 4,996 shares during the period. Quarry LP bought a new stake in Delta Air Lines in the second quarter worth $41,000. EP Wealth Advisors LLC boosted its stake in Delta Air Lines by 10.6% during the second quarter. EP Wealth Advisors LLC now owns 6,684 shares of the transportation company’s stock worth $317,000 after buying an additional 643 shares during the period. Truist Financial Corp increased its position in Delta Air Lines by 20.6% during the second quarter. Truist Financial Corp now owns 179,211 shares of the transportation company’s stock valued at $8,502,000 after acquiring an additional 30,599 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Delta Air Lines by 0.9% in the second quarter. Cetera Investment Advisers now owns 220,621 shares of the transportation company’s stock valued at $10,466,000 after acquiring an additional 2,055 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DAL shares. Barclays increased their price target on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Jefferies Financial Group increased their target price on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. UBS Group reaffirmed a “buy” rating and issued a $88.00 price target on shares of Delta Air Lines in a research note on Tuesday, November 26th. 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 research note on Tuesday, November 26th. Finally, Bank of America increased their price objective on 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 research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $78.22.

Insider Activity at Delta Air Lines

In other news, EVP Allison C. Ausband sold 7,510 shares of the stock in a transaction 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 approximately $3,688,130.14. This trade represents a 11.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the business’s stock in a transaction on Wednesday, January 22nd. The stock was 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 directly owns 439,819 shares of the company’s stock, valued at $30,721,357.15. The trade was a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,150 shares of company stock worth $8,735,936. 0.96% of the stock is currently owned by company insiders.

Delta Air Lines Stock Up 0.2 %

Shares of DAL opened at $68.57 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The firm has a market cap of $44.25 billion, a P/E ratio of 12.86, a price-to-earnings-growth ratio of 0.80 and a beta of 1.35. The company’s 50-day moving average price is $63.41 and its 200 day moving average price is $53.70. 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 released its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (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 business had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. During the same period in the previous year, the firm earned $1.28 EPS. The business’s revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts forecast that Delta Air Lines, Inc. will post 7.67 earnings per share 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, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.