Douglas Lane & Associates LLC Has $129.62 Million Stake in Delta Air Lines, Inc. (NYSE:DAL)

Douglas Lane & Associates LLC cut its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,142,462 shares of the transportation company’s stock after selling 98,909 shares during the period. Delta Air Lines makes up approximately 1.8% of Douglas Lane & Associates LLC’s holdings, making the stock its 8th biggest position. Douglas Lane & Associates LLC’s holdings in Delta Air Lines were worth $129,619,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Future Financial Wealth Managment LLC bought a new position in shares of Delta Air Lines during the 3rd quarter valued at $25,000. Kimelman & Baird LLC acquired a new position in shares of Delta Air Lines in the 2nd quarter worth approximately $31,000. Ashton Thomas Securities LLC bought a new position in shares of Delta Air Lines in the third quarter valued at about $31,000. Modus Advisors LLC acquired a new position in shares of Delta Air Lines during the fourth quarter worth approximately $33,000. Finally, Strategic Financial Concepts LLC bought a new position in Delta Air Lines in the 2nd quarter valued at $36,000. 69.93% of the stock is owned by institutional investors.

Insider Activity at Delta Air Lines

In other news, CEO Edward H. Bastian sold 68,000 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $56.33, for a total value of $3,830,440.00. Following the completion of the transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at approximately $24,775,004.27. The trade was a 13.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Allison C. Ausband sold 7,510 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total transaction of $470,276.20. Following the sale, the executive vice president now directly owns 58,897 shares of the company’s stock, valued at approximately $3,688,130.14. The trade was a 11.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 140,240 shares of company stock valued at $8,044,893. 0.96% of the stock is owned by corporate insiders.

Delta Air Lines Stock Up 0.8 %

Shares of DAL traded up $0.48 on Wednesday, reaching $61.66. The stock had a trading volume of 4,650,602 shares, compared to its average volume of 8,138,154. Delta Air Lines, Inc. has a 12-month low of $36.34 and a 12-month high of $67.50. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. The company has a 50-day simple moving average of $61.95 and a 200-day simple moving average of $51.59. The firm has a market capitalization of $39.79 billion, a price-to-earnings ratio of 8.56, a price-to-earnings-growth ratio of 1.21 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.02). The business had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. Delta Air Lines’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.03 earnings per share. Sell-side analysts predict that Delta Air Lines, Inc. will post 6.08 EPS for the current year.

Analysts Set New Price Targets

DAL has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. UBS Group reaffirmed a “buy” rating and issued a $88.00 target price on shares of Delta Air Lines in a research report on Tuesday, November 26th. Citigroup increased their target price on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group reissued a “buy” rating and issued a $83.00 price objective on shares of Delta Air Lines in a report on Friday, November 15th. Finally, Sanford C. Bernstein raised their target price on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. One 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. Based on data from MarketBeat.com, Delta Air Lines presently has a consensus rating of “Buy” and an average price target of $77.06.

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.