Dakota Wealth Management Buys 2,069 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Dakota Wealth Management lifted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 33.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,235 shares of the transportation company’s stock after acquiring an additional 2,069 shares during the period. Dakota Wealth Management’s holdings in Delta Air Lines were worth $498,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Sanders Capital LLC lifted its holdings in shares of Delta Air Lines by 2.8% in the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock worth $1,414,074,000 after acquiring an additional 749,099 shares during the last quarter. Geode Capital Management LLC boosted its position in Delta Air Lines by 2.8% in the third quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock valued at $789,452,000 after buying an additional 416,338 shares in the last quarter. Pzena Investment Management LLC bought a new stake in shares of Delta Air Lines during the third quarter worth $281,206,000. Castle Hook Partners LP acquired a new position in shares of Delta Air Lines during the third quarter worth $189,296,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Delta Air Lines by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,497,487 shares of the transportation company’s stock worth $177,637,000 after buying an additional 10,332 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analyst Ratings Changes

DAL has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price objective on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, October 11th. UBS Group reaffirmed a “buy” rating and set a $88.00 target price on shares of Delta Air Lines in a research report on Tuesday, November 26th. TD Cowen upped their price target on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, January 13th. StockNews.com raised Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Finally, Citigroup raised their price target on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Fourteen equities research 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 stock currently has a consensus rating of “Buy” and a consensus target price of $78.22.

Delta Air Lines Price Performance

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 P/E/G ratio of 0.79 and a beta of 1.35. The firm’s fifty day moving average price is $63.17 and its two-hundred day moving average price is $53.18.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) 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 net margin of 5.61% and a return on equity of 30.43%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.28 EPS. As a group, analysts anticipate that Delta Air Lines, Inc. will post 7.67 earnings per share for the current fiscal year.

Insider Activity

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the sale, the chief executive officer now owns 439,819 shares in the company, valued at $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP William C. Carroll sold 21,530 shares of Delta Air Lines stock in a transaction on Friday, November 8th. The shares were sold at an average price of $60.62, for a total value of $1,305,148.60. Following the completion of the transaction, the senior vice president now owns 19,756 shares of the company’s stock, valued at approximately $1,197,608.72. This trade represents a 52.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 217,429 shares of company stock valued at $13,755,259 in the last three months. Company insiders own 0.96% of the company’s stock.

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.