Versant Capital Management Inc Purchases 539 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Versant Capital Management Inc boosted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 829.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 604 shares of the transportation company’s stock after acquiring an additional 539 shares during the quarter. Versant Capital Management Inc’s holdings in Delta Air Lines were worth $37,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new stake in shares of Delta Air Lines during the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new stake in Delta Air Lines during the third quarter valued at approximately $31,000. Kimelman & Baird LLC acquired a new position in shares of Delta Air Lines in the 2nd quarter worth approximately $31,000. Quarry LP bought a new position in shares of Delta Air Lines during the 2nd quarter worth approximately $41,000. Finally, William B. Walkup & Associates Inc. acquired a new stake in Delta Air Lines in the 2nd quarter valued at $44,000. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Up 1.4 %

Shares of NYSE:DAL opened at $59.84 on Tuesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34. The stock has a market cap of $38.61 billion, a price-to-earnings ratio of 8.31, a P/E/G ratio of 1.21 and a beta of 1.35. The company has a 50 day moving average of $61.87 and a 200-day moving average of $51.51. Delta Air Lines, Inc. has a one year low of $36.34 and a one year high of $67.50.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on DAL shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, November 21st. UBS Group reissued a “buy” rating and set a $88.00 price target on shares of Delta Air Lines in a report on Tuesday, November 26th. JPMorgan Chase & Co. upped their price objective on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. BNP Paribas upgraded shares of Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, Susquehanna increased their price target on Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $75.83.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP Alain Bellemare sold 19,490 shares of the business’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $55.26, for a total value of $1,077,017.40. Following the completion of the transaction, the executive vice president now directly owns 121,961 shares of the company’s stock, valued at approximately $6,739,564.86. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Allison C. Ausband sold 7,510 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total value of $470,276.20. Following the completion of the sale, the executive vice president now owns 58,897 shares of the company’s stock, valued at $3,688,130.14. This trade represents a 11.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,240 shares of company stock worth $8,044,893. 0.96% of the stock is currently owned by company insiders.

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.