Brookstone Capital Management Sells 4,047 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Brookstone Capital Management reduced its position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 18.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,534 shares of the transportation company's stock after selling 4,047 shares during the period. Brookstone Capital Management's holdings in Delta Air Lines were worth $1,061,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Sanders Capital LLC increased its stake in shares of Delta Air Lines by 2.8% in the 3rd quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company's stock valued at $1,414,074,000 after purchasing an additional 749,099 shares during the last quarter. Geode Capital Management LLC grew its position in Delta Air Lines by 2.8% in the third quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company's stock valued at $789,452,000 after acquiring an additional 416,338 shares during the last quarter. Pzena Investment Management LLC bought a new position in Delta Air Lines in the third quarter valued at about $281,206,000. Castle Hook Partners LP bought a new position in shares of Delta Air Lines in the third quarter worth about $189,296,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Delta Air Lines by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,497,487 shares of the transportation company's stock valued at $177,637,000 after purchasing an additional 10,332 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Trading Down 0.6 %

DAL stock traded down $0.37 during trading on Friday, hitting $65.81. The company had a trading volume of 5,974,288 shares, compared to its average volume of 10,312,834. The stock has a market cap of $42.47 billion, a PE ratio of 12.35, a PEG ratio of 1.05 and a beta of 1.35. The business has a 50-day moving average of $62.77 and a 200-day moving average of $52.34. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05. Delta Air Lines, Inc. has a one year low of $36.69 and a one year high of $68.99.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.76 by $0.09. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The company had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. During the same period in the prior year, the firm posted $1.28 EPS. The company's quarterly revenue was up 9.4% on a year-over-year basis. Research analysts predict that Delta Air Lines, Inc. will post 7.35 earnings per share 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 dated Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total transaction of $470,276.20. Following the sale, the executive vice president now owns 58,897 shares in the company, valued at $3,688,130.14. This represents a 11.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP William C. Carroll sold 21,530 shares of the firm'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 value 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 $1,197,608.72. This represents a 52.15 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 117,319 shares of company stock valued at $6,794,748. 0.96% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on DAL shares. StockNews.com upgraded shares of Delta Air Lines from a "hold" rating to a "buy" rating in a research report on Monday. BNP Paribas upgraded shares of Delta Air Lines to a "strong-buy" rating in a report on Thursday, September 19th. Bank of America increased their price target on Delta Air Lines from $55.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, October 11th. Susquehanna boosted their price objective on 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 target price on Delta Air Lines from $58.00 to $72.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $78.22.

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.