Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC decreased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 14.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 318,709 shares of the transportation company’s stock after selling 52,000 shares during the period. Calamos Advisors LLC’s holdings in Delta Air Lines were worth $19,282,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in DAL. Crossmark Global Holdings Inc. raised its holdings in shares of Delta Air Lines by 5.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 268,636 shares of the transportation company’s stock worth $13,644,000 after purchasing an additional 13,802 shares in the last quarter. KBC Group NV lifted its position in shares of Delta Air Lines by 143.7% during the 3rd quarter. KBC Group NV now owns 56,611 shares of the transportation company’s stock valued at $2,876,000 after acquiring an additional 33,378 shares during the last quarter. Olstein Capital Management L.P. boosted its stake in shares of Delta Air Lines by 32.6% during the 3rd quarter. Olstein Capital Management L.P. now owns 175,000 shares of the transportation company’s stock worth $8,888,000 after acquiring an additional 43,000 shares in the last quarter. Donoghue Forlines LLC acquired a new position in shares of Delta Air Lines in the 4th quarter worth $2,036,000. Finally, River Road Asset Management LLC raised its position in shares of Delta Air Lines by 22.8% during the third quarter. River Road Asset Management LLC now owns 130,608 shares of the transportation company’s stock worth $6,634,000 after purchasing an additional 24,249 shares during the period. 69.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of the 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 $1,197,608.72. This represents a 52.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Allison C. Ausband sold 7,510 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total transaction of $470,276.20. Following the transaction, the executive vice president now owns 58,897 shares in the company, valued at approximately $3,688,130.14. The trade was a 11.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 129,150 shares of company stock worth $8,735,936 over the last 90 days. Insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on DAL. TD Cowen boosted their price objective on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, January 13th. UBS Group restated a “buy” rating and issued a $88.00 price target on shares of Delta Air Lines in a research report on Tuesday, November 26th. The Goldman Sachs Group reiterated a “buy” rating and set a $83.00 price objective on shares of Delta Air Lines in a research report on Friday, November 15th. Susquehanna increased their target price on Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $78.22.

Delta Air Lines Stock Down 1.1 %

Delta Air Lines stock opened at $66.55 on Tuesday. The company has a market capitalization of $42.94 billion, a P/E ratio of 12.49, a P/E/G ratio of 0.78 and a beta of 1.35. Delta Air Lines, Inc. has a 1-year low of $37.29 and a 1-year high of $69.98. The firm’s fifty day simple moving average is $63.59 and its 200-day simple moving average is $54.09. 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 (NYSE:DAL) last announced its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The company had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter in the previous year, the firm earned $1.28 earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. Sell-side analysts forecast that Delta Air Lines, Inc. will post 7.67 earnings per share for the current fiscal 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.