Great Waters Wealth Management Sells 3,088 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Great Waters Wealth Management decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 19.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,935 shares of the transportation company’s stock after selling 3,088 shares during the quarter. Great Waters Wealth Management’s holdings in Delta Air Lines were worth $783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new stake in shares of Delta Air Lines during the 3rd quarter valued at $25,000. Kimelman & Baird LLC purchased a new position in Delta Air Lines during the 2nd quarter valued at about $31,000. Ashton Thomas Securities LLC bought a new stake in shares of Delta Air Lines during the third quarter valued at about $31,000. Modus Advisors LLC bought a new position in shares of Delta Air Lines in the fourth quarter valued at approximately $33,000. Finally, Harbor Investment Advisory LLC grew its stake in Delta Air Lines by 217.1% during the fourth quarter. Harbor Investment Advisory LLC now owns 555 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 380 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP Allison C. Ausband sold 7,510 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 58,897 shares of the company’s stock, valued at $3,688,130.14. This represents a 11.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Edward H. Bastian sold 68,000 shares of Delta Air Lines stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $56.33, for a total value of $3,830,440.00. Following the completion of the sale, the chief executive officer now owns 439,819 shares in the company, valued at approximately $24,775,004.27. This represents a 13.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 117,319 shares of company stock worth $6,794,748. Insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DAL shares. Citigroup increased their target price on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Jefferies Financial Group lifted their price objective on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. upped their target price on Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. UBS Group reiterated a “buy” rating and set a $88.00 price target on shares of Delta Air Lines in a research report on Tuesday, November 26th. Finally, Susquehanna upped their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Delta Air Lines presently has a consensus rating of “Buy” and a consensus target price of $78.22.

Delta Air Lines Stock Performance

Delta Air Lines stock opened at $65.81 on Tuesday. The firm has a fifty day simple moving average of $62.91 and a two-hundred day simple moving average of $52.67. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a twelve month low of $36.69 and a twelve month high of $68.99. The company has a market capitalization of $42.47 billion, a PE ratio of 12.35, a P/E/G ratio of 0.77 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last released its earnings results 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. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The company had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. During the same quarter in the previous year, the company posted $1.28 EPS. Delta Air Lines’s revenue for the quarter was up 9.4% on a year-over-year basis. Research analysts expect that Delta Air Lines, Inc. will post 7.67 EPS 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.