Miracle Mile Advisors LLC Buys New Position in Delta Air Lines, Inc. (NYSE:DAL)

Miracle Mile Advisors LLC purchased a new stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,030 shares of the transportation company's stock, valued at approximately $244,000.

Several other large investors also recently made changes to their positions in the business. Future Financial Wealth Managment LLC bought a new stake in Delta Air Lines during the third quarter worth approximately $25,000. Modus Advisors LLC bought a new stake in shares of Delta Air Lines during the 4th quarter worth $33,000. Versant Capital Management Inc grew its holdings in shares of Delta Air Lines by 829.2% in the 4th quarter. Versant Capital Management Inc now owns 604 shares of the transportation company's stock worth $37,000 after acquiring an additional 539 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Delta Air Lines during the third quarter worth $31,000. Finally, Kimelman & Baird LLC purchased a new stake in shares of Delta Air Lines during the second quarter valued at $31,000. Institutional investors own 69.93% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on DAL. Barclays boosted their price objective on Delta Air Lines from $60.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. Susquehanna upped their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a "positive" rating in a research report on Tuesday, January 7th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $83.00 price objective on shares of Delta Air Lines in a research note on Friday, November 15th. UBS Group reissued a "buy" rating and set a $88.00 target price on shares of Delta Air Lines in a research note on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Fourteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Delta Air Lines has an average rating of "Buy" and an average price target of $78.22.

Insiders Place Their Bets

In other news, CEO Edward H. Bastian sold 68,000 shares of the company's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $56.33, for a total transaction 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 approximately $24,775,004.27. This represents a 13.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP William C. Carroll sold 21,530 shares of the company's 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 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 have sold a total of 117,319 shares of company stock valued at $6,794,748 over the last 90 days. 0.96% of the stock is currently owned by insiders.

Delta Air Lines Price Performance

DAL stock traded down $0.37 during midday trading on Friday, reaching $65.81. 5,966,770 shares of the company's stock traded hands, compared to its average volume of 10,308,223. The company has a 50-day simple moving average of $62.77 and a two-hundred day simple moving average of $52.34. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05. Delta Air Lines, Inc. has a 1-year low of $36.69 and a 1-year high of $68.99. The company has a market cap of $42.47 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 1.05 and a beta of 1.35.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) 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 firm had revenue of $15.56 billion during the quarter, compared to analysts' expectations of $14.20 billion. During the same period in the previous year, the firm earned $1.28 earnings per share. The company's revenue was up 9.4% on a year-over-year basis. On average, analysts anticipate that Delta Air Lines, Inc. will post 7.35 earnings per share 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.