Burney Co. Sells 8,115 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Burney Co. cut its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 59.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,522 shares of the transportation company's stock after selling 8,115 shares during the period. Burney Co.'s holdings in Delta Air Lines were worth $334,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Pzena Investment Management LLC bought a new stake in Delta Air Lines during the 3rd quarter worth approximately $281,206,000. Castle Hook Partners LP acquired a new stake in shares of Delta Air Lines during the third quarter worth $189,296,000. Sanders Capital LLC lifted its position in 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 acquiring an additional 749,099 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Delta Air Lines by 419.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 562,129 shares of the transportation company's stock worth $28,551,000 after purchasing an additional 453,926 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Delta Air Lines by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company's stock worth $789,452,000 after purchasing an additional 416,338 shares in the last quarter. 69.93% of the stock is owned by institutional investors.

Insider Activity at Delta Air Lines

In other news, EVP Allison C. Ausband sold 7,510 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total value of $470,276.20. Following the completion of the sale, the executive vice president now owns 58,897 shares of the company's stock, valued at approximately $3,688,130.14. The trade was a 11.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Edward H. Bastian sold 68,000 shares of the company's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $56.33, for a total transaction of $3,830,440.00. Following the completion of the transaction, the chief executive officer now owns 439,819 shares in the company, valued at $24,775,004.27. This trade represents a 13.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,319 shares of company stock worth $6,794,748. Insiders own 0.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DAL. Sanford C. Bernstein boosted their price target on Delta Air Lines from $62.00 to $65.00 and gave the company an "outperform" rating in a report on Tuesday, October 8th. Barclays upped their price target on Delta Air Lines from $60.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. TD Cowen lifted their price objective on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a "buy" rating in a report on Monday, January 13th. Citigroup increased their target price on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. 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 company currently has an average rating of "Buy" and a consensus price target of $78.22.

Delta Air Lines Stock Performance

NYSE:DAL traded down $0.37 on Friday, hitting $65.81. The company's stock had a trading volume of 5,974,288 shares, compared to its average volume of 6,308,051. 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. The stock has a fifty day moving average of $62.86 and a two-hundred day moving average of $52.51. The firm has a market capitalization of $42.47 billion, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 1.05 and a beta of 1.35.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $14.20 billion. During the same quarter last 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 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.