Olstein Capital Management L.P. Sells 51,000 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Olstein Capital Management L.P. decreased its position in Delta Air Lines, Inc. (NYSE:DAL) by 29.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,000 shares of the transportation company’s stock after selling 51,000 shares during the period. Olstein Capital Management L.P.’s holdings in Delta Air Lines were worth $7,502,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DAL. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Delta Air Lines by 62.4% during 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 acquiring an additional 11,881 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Delta Air Lines in the second quarter worth $180,000. AXA S.A. bought a new position in shares of Delta Air Lines during the second quarter valued at $1,737,000. APG Asset Management N.V. purchased a new stake in shares of Delta Air Lines during the second quarter valued at $965,000. Finally, Dark Forest Capital Management LP bought a new stake in Delta Air Lines in the 2nd quarter worth about $273,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Delta Air Lines

In related news, EVP Allison C. Ausband sold 7,510 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total value of $470,276.20. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Edward H. Bastian sold 68,000 shares of the stock in a transaction 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 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. Insiders have sold 217,429 shares of company stock valued at $13,755,259 in the last ninety days. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $67.10 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The firm has a market cap of $43.30 billion, a price-to-earnings ratio of 12.59, a P/E/G ratio of 0.79 and a beta of 1.35. The firm has a fifty day moving average price of $63.17 and a 200 day moving average price of $53.18. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two week high of $69.98.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. The firm had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.28 earnings per share. As a group, sell-side analysts expect that Delta Air Lines, Inc. will post 7.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. TD Cowen boosted their target price on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, January 13th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $83.00 price target on shares of Delta Air Lines in a research report on Friday, November 15th. Jefferies Financial Group upped their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a report on Monday, November 11th. Susquehanna upped their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. Finally, Barclays raised their target price on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Fourteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $78.22.

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.