Delta Air Lines, Inc. (NYSE:DAL) Shares Acquired by Armstrong Advisory Group Inc.

Armstrong Advisory Group Inc. increased its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 10.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,820 shares of the transportation company’s stock after buying an additional 175 shares during the period. Armstrong Advisory Group Inc.’s holdings in Delta Air Lines were worth $110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

DAL has been the topic of a number of recent research reports. The Goldman Sachs Group reissued a “buy” rating and issued a $83.00 target price on shares of Delta Air Lines in a report on Friday, November 15th. JPMorgan Chase & Co. boosted their price objective on shares of Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Citigroup raised 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. StockNews.com upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Monday. Finally, BNP Paribas upgraded shares of Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. Fourteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $78.22.

Delta Air Lines Stock Performance

NYSE DAL opened at $66.16 on Friday. The business has a 50 day moving average price of $62.65 and a 200 day moving average price of $52.24. The company has a market capitalization of $42.69 billion, a P/E ratio of 12.41, a PEG ratio of 1.05 and a beta of 1.35. Delta Air Lines, Inc. has a 1-year low of $36.69 and a 1-year high of $68.99. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34.

Delta Air Lines (NYSE:DAL) last announced its quarterly 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 29.93% and a net margin of 7.71%. The business had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter last year, the business posted $1.28 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. Sell-side analysts expect that Delta Air Lines, Inc. will post 7.35 EPS for the current fiscal year.

Insider Buying and Selling at Delta Air Lines

In related 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 value of $470,276.20. Following the sale, the executive vice president now owns 58,897 shares of the company’s stock, valued at approximately $3,688,130.14. This represents a 11.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Edward H. Bastian sold 68,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $24,775,004.27. The trade was a 13.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 117,319 shares of company stock valued at $6,794,748 over the last quarter. Corporate 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.