Red Spruce Capital LLC Has $3 Million Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Red Spruce Capital LLC grew its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,610 shares of the transportation company’s stock after purchasing an additional 2,928 shares during the quarter. Delta Air Lines comprises about 1.3% of Red Spruce Capital LLC’s investment portfolio, making the stock its 27th biggest position. Red Spruce Capital LLC’s holdings in Delta Air Lines were worth $3,001,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of DAL. Future Financial Wealth Managment LLC acquired a new stake in shares of Delta Air Lines in the third quarter worth about $25,000. Kimelman & Baird LLC acquired a new stake in Delta Air Lines in the 2nd quarter worth approximately $31,000. Ashton Thomas Securities LLC bought a new stake in Delta Air Lines during the third quarter worth approximately $31,000. Modus Advisors LLC acquired a new position in Delta Air Lines during the fourth quarter valued at approximately $33,000. Finally, Harbor Investment Advisory LLC raised its position in shares of Delta Air Lines by 217.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 555 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 380 shares during the period. 69.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Delta Air Lines news, EVP Allison C. Ausband sold 7,510 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total value of $470,276.20. Following the transaction, the executive vice president now directly owns 58,897 shares in the company, valued at approximately $3,688,130.14. This trade represents a 11.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP William C. Carroll sold 8,400 shares of the business’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $66.02, for a total value of $554,568.00. Following the sale, the senior vice president now owns 19,756 shares of the company’s stock, valued at approximately $1,304,291.12. The trade was a 29.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 125,719 shares of company stock valued at $7,349,316 in the last 90 days. 0.96% of the stock is currently owned by insiders.

Delta Air Lines Stock Up 3.9 %

Shares of DAL opened at $68.38 on Wednesday. The business’s 50 day simple moving average is $62.91 and its 200-day simple moving average is $52.67. Delta Air Lines, Inc. has a one year low of $36.98 and a one year high of $68.99. The company has a market capitalization of $44.12 billion, a P/E ratio of 12.83, a PEG ratio of 0.77 and a beta of 1.35. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $14.20 billion. During the same quarter in the previous year, the firm earned $1.28 earnings per share. The business’s revenue was up 9.4% on a year-over-year basis. As a group, sell-side analysts predict that Delta Air Lines, Inc. will post 7.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DAL shares. Jefferies Financial Group boosted their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. raised their target price on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft upped their price target on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Bank of America boosted their target price on shares of Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Finally, Barclays increased their target price on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $78.22.

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.