Donoghue Forlines LLC Acquires Shares of 33,656 Delta Air Lines, Inc. (NYSE:DAL)

Donoghue Forlines LLC bought a new position in Delta Air Lines, Inc. (NYSE:DAL) in the fourth quarter, HoldingsChannel.com reports. The fund bought 33,656 shares of the transportation company’s stock, valued at approximately $2,036,000.

Several other hedge funds and other institutional investors have also modified their holdings of DAL. Sanders Capital LLC increased its holdings in shares of Delta Air Lines by 2.8% during the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock worth $1,414,074,000 after buying an additional 749,099 shares in the last quarter. Geode Capital Management LLC increased its holdings in Delta Air Lines by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock valued at $789,452,000 after purchasing an additional 416,338 shares in the last quarter. Pzena Investment Management LLC bought a new position in Delta Air Lines in the 3rd quarter valued at $281,206,000. Castle Hook Partners LP acquired a new position in Delta Air Lines in the third quarter worth $189,296,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Delta Air Lines by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,497,487 shares of the transportation company’s stock worth $177,637,000 after purchasing an additional 10,332 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DAL shares. TD Cowen raised their target price on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Sanford C. Bernstein boosted their target price on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Bank of America increased their price target on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, October 11th. StockNews.com raised Delta Air Lines from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Finally, Jefferies Financial Group boosted their target price on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Fourteen research 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, the company has an average rating of “Buy” and an average target price of $78.22.

Insiders Place Their Bets

In other Delta Air Lines news, SVP William C. Carroll sold 8,400 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $66.02, for a total transaction of $554,568.00. Following the sale, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,304,291.12. This trade represents a 29.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Edward H. Bastian sold 68,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $56.33, for a total transaction of $3,830,440.00. Following the completion of the transaction, the chief executive officer now owns 439,819 shares of the company’s stock, valued at $24,775,004.27. This trade represents a 13.39 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 125,719 shares of company stock worth $7,349,316. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $67.92 on Thursday. The stock has a 50-day moving average of $63.06 and a 200-day moving average of $52.94. Delta Air Lines, Inc. has a one year low of $37.29 and a one year high of $69.98. The stock has a market cap of $43.83 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 0.80 and a beta of 1.35. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $14.20 billion. During the same period last year, the business posted $1.28 earnings per share. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, sell-side analysts expect that Delta Air Lines, Inc. will post 7.67 earnings per share for the current year.

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.