RFG Advisory LLC Has $3 Million Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

RFG Advisory LLC lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 8.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,598 shares of the transportation company’s stock after purchasing an additional 3,708 shares during the quarter. RFG Advisory LLC’s holdings in Delta Air Lines were worth $3,001,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of DAL. AE Wealth Management LLC grew its holdings in shares of Delta Air Lines by 14.4% during the 2nd quarter. AE Wealth Management LLC now owns 9,033 shares of the transportation company’s stock worth $429,000 after purchasing an additional 1,138 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in Delta Air Lines by 16.1% in the second quarter. Public Sector Pension Investment Board now owns 88,241 shares of the transportation company’s stock valued at $4,186,000 after buying an additional 12,269 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Delta Air Lines by 62.4% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 30,928 shares of the transportation company’s stock valued at $1,467,000 after buying an additional 11,881 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in Delta Air Lines in the second quarter valued at about $616,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Delta Air Lines in the second quarter valued at about $180,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DAL has been the topic of several research analyst reports. StockNews.com raised Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Barclays raised their price objective on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. UBS Group reissued a “buy” rating and set a $88.00 price target on shares of Delta Air Lines in a research note on Tuesday, November 26th. Sanford C. Bernstein lifted their price target on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $83.00 price target on shares of Delta Air Lines in a research note on Friday, November 15th. Fourteen 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 a consensus rating of “Buy” and a consensus target price of $78.22.

Insiders Place Their Bets

In other news, SVP William C. Carroll sold 21,530 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the completion of the sale, the senior vice president now owns 19,756 shares in the company, valued at $1,197,608.72. The trade was a 52.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Edward H. Bastian sold 68,000 shares of the business’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 value of $3,830,440.00. Following the sale, the chief executive officer now owns 439,819 shares of the company’s stock, valued at approximately $24,775,004.27. This represents a 13.39 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 217,429 shares of company stock worth $13,755,259. 0.96% of the stock is owned by corporate insiders.

Delta Air Lines Price Performance

Shares of DAL opened at $67.10 on Friday. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98. 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 company has a market capitalization of $43.30 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 0.79 and a beta of 1.35. The business has a 50-day moving average of $63.11 and a 200-day moving average of $53.04.

Delta Air Lines (NYSE:DAL) last issued its 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. The business had revenue of $15.56 billion during 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%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.28 earnings per share. As a group, equities research analysts anticipate 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.