Crossmark Global Holdings Inc. Sells 14,126 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Crossmark Global Holdings Inc. decreased its stake in Delta Air Lines, Inc. (NYSE:DAL) by 5.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 254,510 shares of the transportation company’s stock after selling 14,126 shares during the period. Crossmark Global Holdings Inc.’s holdings in Delta Air Lines were worth $15,398,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in shares of Delta Air Lines by 48.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 385,549 shares of the transportation company’s stock valued at $18,290,000 after purchasing an additional 125,314 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in Delta Air Lines by 10.7% during the second quarter. Mercer Global Advisors Inc. ADV now owns 36,439 shares of the transportation company’s stock valued at $1,729,000 after acquiring an additional 3,523 shares during the last quarter. Brighton Jones LLC grew its holdings in Delta Air Lines by 4.0% during the 2nd quarter. Brighton Jones LLC now owns 8,039 shares of the transportation company’s stock worth $381,000 after acquiring an additional 306 shares during the period. AE Wealth Management LLC raised its position in shares of Delta Air Lines by 14.4% in the 2nd quarter. AE Wealth Management LLC now owns 9,033 shares of the transportation company’s stock worth $429,000 after acquiring an additional 1,138 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Delta Air Lines by 3.5% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 41,935 shares of the transportation company’s stock valued at $1,989,000 after purchasing an additional 1,406 shares during the period. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Trading Down 0.6 %

NYSE:DAL opened at $65.81 on Tuesday. Delta Air Lines, Inc. has a 12 month low of $36.69 and a 12 month high of $68.99. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The company has a 50-day moving average price of $62.86 and a 200-day moving average price of $52.54. The stock has a market cap of $42.47 billion, a price-to-earnings ratio of 12.35, a P/E/G ratio of 0.77 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results 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 firm had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. During the same period in the previous year, the firm posted $1.28 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities analysts predict that Delta Air Lines, Inc. will post 7.67 EPS for the current year.

Insider Buying and Selling

In other news, CEO Edward H. Bastian sold 68,000 shares of Delta Air Lines stock in a transaction that occurred on Monday, October 28th. The shares were 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 directly owns 439,819 shares in the company, valued at $24,775,004.27. The trade was a 13.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP William C. Carroll sold 21,530 shares of Delta Air Lines stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the completion of the sale, the senior vice president now directly 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 position. The disclosure for this sale can be found here. Insiders sold a total of 117,319 shares of company stock worth $6,794,748 in the last three months. Insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DAL. UBS Group reiterated 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 lifted their price objective on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Citigroup upped their target price on Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Susquehanna lifted 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. Finally, Jefferies Financial Group increased their price target on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Fourteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Delta Air Lines has a consensus rating of “Buy” and an average target price of $78.22.

About Delta Air Lines

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.