First Hawaiian Bank Grows Position in Delta Air Lines, Inc. (NYSE:DAL)

First Hawaiian Bank increased its position in Delta Air Lines, Inc. (NYSE:DAL) by 32.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 25,422 shares of the transportation company’s stock after purchasing an additional 6,172 shares during the period. First Hawaiian Bank’s holdings in Delta Air Lines were worth $1,538,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DAL. Senator Investment Group LP raised its stake in shares of Delta Air Lines by 90.0% during the second quarter. Senator Investment Group LP now owns 475,000 shares of the transportation company’s stock valued at $22,534,000 after acquiring an additional 225,000 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in Delta Air Lines by 5.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 268,636 shares of the transportation company’s stock valued at $13,644,000 after purchasing an additional 13,802 shares during the period. KBC Group NV raised its position in Delta Air Lines by 143.7% during the 3rd quarter. KBC Group NV now owns 56,611 shares of the transportation company’s stock valued at $2,876,000 after purchasing an additional 33,378 shares during the last quarter. Olstein Capital Management L.P. lifted its holdings in Delta Air Lines by 32.6% in the 3rd quarter. Olstein Capital Management L.P. now owns 175,000 shares of the transportation company’s stock worth $8,888,000 after buying an additional 43,000 shares during the period. Finally, River Road Asset Management LLC grew its position in shares of Delta Air Lines by 22.8% in the 3rd quarter. River Road Asset Management LLC now owns 130,608 shares of the transportation company’s stock worth $6,634,000 after buying an additional 24,249 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors.

Insider Transactions at Delta Air Lines

In other news, EVP Allison C. Ausband sold 7,510 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total transaction of $470,276.20. Following the transaction, the executive vice president now directly owns 58,897 shares of the company’s stock, valued at $3,688,130.14. This represents a 11.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Alain Bellemare sold 19,490 shares of Delta Air Lines 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 sale, the executive vice president now owns 121,961 shares of the company’s stock, valued at $6,739,564.86. The trade was a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 136,809 shares of company stock worth $7,871,765. Corporate insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Citigroup raised their price target on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Bank of America upped their price objective on shares of Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, October 11th. The Goldman Sachs Group reiterated a “buy” rating and set a $83.00 price target on shares of Delta Air Lines in a research report on Friday, November 15th. JPMorgan Chase & Co. raised their price objective on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $77.06.

Delta Air Lines Trading Up 0.6 %

Delta Air Lines stock opened at $61.52 on Friday. Delta Air Lines, Inc. has a 12 month low of $36.34 and a 12 month high of $67.50. The company has a market capitalization of $39.70 billion, a price-to-earnings ratio of 8.54, a price-to-earnings-growth ratio of 1.21 and a beta of 1.35. The business’s fifty day simple moving average is $62.10 and its two-hundred day simple moving average is $51.73. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.02). The firm had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.65 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $2.03 earnings per share. As a group, equities analysts predict that Delta Air Lines, Inc. will post 6.08 earnings per share for the current fiscal year.

Delta Air Lines 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.