Montgomery Investment Management Inc. lessened its position in Delta Air Lines, Inc. (NYSE:DAL – Get Rating) by 9.4% during the fourth quarter, Holdings Channel reports. The fund owned 23,165 shares of the transportation company’s stock after selling 2,400 shares during the quarter. Montgomery Investment Management Inc.’s holdings in Delta Air Lines were worth $905,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Anderson Hoagland & Co. acquired a new stake in shares of Delta Air Lines in the 4th quarter worth about $2,355,000. Douglas Lane & Associates LLC increased its holdings in shares of Delta Air Lines by 4.0% in the 4th quarter. Douglas Lane & Associates LLC now owns 2,233,000 shares of the transportation company’s stock worth $87,266,000 after acquiring an additional 86,608 shares during the period. Old North State Trust LLC increased its holdings in shares of Delta Air Lines by 790.7% in the 4th quarter. Old North State Trust LLC now owns 668 shares of the transportation company’s stock worth $26,000 after acquiring an additional 593 shares during the period. Deltec Asset Management LLC increased its holdings in shares of Delta Air Lines by 9.3% in the 4th quarter. Deltec Asset Management LLC now owns 270,950 shares of the transportation company’s stock worth $10,589,000 after acquiring an additional 23,000 shares during the period. Finally, Secure Asset Management LLC increased its holdings in shares of Delta Air Lines by 8.7% in the 4th quarter. Secure Asset Management LLC now owns 14,475 shares of the transportation company’s stock worth $566,000 after acquiring an additional 1,158 shares during the period. 62.86% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:DAL traded up $0.65 during trading hours on Friday, hitting $37.91. 11,312,763 shares of the company’s stock traded hands, compared to its average volume of 20,003,618. Delta Air Lines, Inc. has a 52 week low of $29.75 and a 52 week high of $51.82. The company’s fifty day simple moving average is $38.62 and its two-hundred day simple moving average is $39.73. The company has a market cap of $24.26 billion, a price-to-earnings ratio of 90.26 and a beta of 1.22. The company has a debt-to-equity ratio of 6.47, a quick ratio of 0.74 and a current ratio of 0.76.
Delta Air Lines (NYSE:DAL – Get Rating) last announced its earnings results on Wednesday, January 12th. The transportation company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.15 by $0.07. Delta Air Lines had a net margin of 0.93% and a negative return on equity of 125.82%. The company had revenue of $9.47 billion during the quarter, compared to analysts’ expectations of $9.29 billion. During the same period last year, the company posted ($2.53) earnings per share. The business’s revenue for the quarter was up 138.4% on a year-over-year basis. On average, analysts anticipate that Delta Air Lines, Inc. will post 1.63 EPS for the current fiscal year.
A number of analysts recently weighed in on DAL shares. Argus raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Tuesday, January 18th. The Goldman Sachs Group raised their target price on shares of Delta Air Lines from $39.00 to $40.00 in a research note on Thursday, January 13th. UBS Group raised shares of Delta Air Lines to a “buy” rating in a research note on Friday, January 7th. Citigroup lowered their target price on shares of Delta Air Lines from $56.00 to $54.00 in a research note on Tuesday, January 18th. Finally, Berenberg Bank raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and raised their target price for the company from $48.00 to $50.00 in a research note on Tuesday, January 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Delta Air Lines has a consensus rating of “Buy” and an average target price of $50.81.
In other Delta Air Lines news, SVP William C. Carroll sold 3,580 shares of the firm’s stock in a transaction dated Wednesday, February 2nd. The shares were sold at an average price of $40.08, for a total value of $143,486.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.63% of the company’s stock.
Delta Air Lines Company Profile (Get Rating)
Delta Air Lines, Inc engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment consists of jet fuel and non-jet fuel products.
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