Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Traynor Capital Management Inc.

Traynor Capital Management Inc. lessened its stake in Delta Air Lines, Inc. (NYSE:DAL) by 12.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,937 shares of the transportation company’s stock after selling 541 shares during the period. Traynor Capital Management Inc.’s holdings in Delta Air Lines were worth $238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new stake in shares of Delta Air Lines in the 3rd quarter valued at about $25,000. Kimelman & Baird LLC purchased a new stake in Delta Air Lines in the second quarter valued at approximately $31,000. Ashton Thomas Securities LLC acquired a new stake in shares of Delta Air Lines in the third quarter valued at approximately $31,000. Modus Advisors LLC purchased a new position in shares of Delta Air Lines during the fourth quarter worth approximately $33,000. Finally, Harbor Investment Advisory LLC grew its position in shares of Delta Air Lines by 217.1% during the fourth quarter. Harbor Investment Advisory LLC now owns 555 shares of the transportation company’s stock worth $34,000 after acquiring an additional 380 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. StockNews.com upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Bank of America boosted their price target on Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. increased their price objective on Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft boosted their target price on Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $83.00 price target on shares of Delta Air Lines in a report on Friday, November 15th. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $78.22.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $67.41 on Friday. The firm has a market capitalization of $43.50 billion, a price-to-earnings ratio of 12.65, 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. The business’s 50 day simple moving average is $63.06 and its 200-day simple moving average is $52.94. 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 posted its earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. The company had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. Delta Air Lines’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.28 earnings per share. As a group, equities analysts forecast that Delta Air Lines, Inc. will post 7.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP William C. Carroll sold 8,400 shares of the business’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 value of $554,568.00. Following the completion of the transaction, the senior vice president now owns 19,756 shares of the company’s stock, valued at $1,304,291.12. The trade was a 29.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Edward H. Bastian sold 68,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $56.33, for a total transaction of $3,830,440.00. Following the sale, the chief executive officer now owns 439,819 shares in the company, valued at approximately $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 quarter, insiders sold 217,429 shares of company stock worth $13,755,259. 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.