Czech National Bank Has $8.41 Million Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Czech National Bank boosted its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 6.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 139,007 shares of the transportation company's stock after buying an additional 8,377 shares during the quarter. Czech National Bank's holdings in Delta Air Lines were worth $8,410,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new position in Delta Air Lines in the 3rd quarter valued at approximately $25,000. Kimelman & Baird LLC acquired a new position in shares of Delta Air Lines during the second quarter worth $31,000. Ashton Thomas Securities LLC bought a new position in shares of Delta Air Lines in the 3rd quarter valued at $31,000. Modus Advisors LLC bought a new position in shares of Delta Air Lines in the 4th quarter valued at $33,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Delta Air Lines by 829.2% during the 4th quarter. Versant Capital Management Inc now owns 604 shares of the transportation company's stock valued at $37,000 after acquiring an additional 539 shares in the last quarter. Institutional investors own 69.93% of the company's stock.

Insiders Place Their Bets

In other news, SVP William C. Carroll sold 21,530 shares of the firm's stock in a transaction dated 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 completion of the sale, the senior vice president now directly owns 19,756 shares in the company, valued at $1,197,608.72. This trade represents a 52.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 directly owns 58,897 shares of the company's stock, valued at $3,688,130.14. The trade was a 11.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 136,809 shares of company stock worth $7,871,765. 0.96% of the stock is currently owned by company insiders.

Delta Air Lines Trading Down 1.3 %

Shares of NYSE:DAL traded down $0.87 during midday trading on Wednesday, reaching $65.42. The company's stock had a trading volume of 8,804,375 shares, compared to its average volume of 11,226,304. Delta Air Lines, Inc. has a fifty-two week low of $36.34 and a fifty-two week high of $68.99. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. The firm has a 50 day moving average price of $62.59 and a two-hundred day moving average price of $52.15. The firm has a market capitalization of $42.21 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 1.17 and a beta of 1.35.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued 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. The firm had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The company's revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.28 earnings per share. As a group, analysts forecast that Delta Air Lines, Inc. will post 6.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on DAL. Deutsche Bank Aktiengesellschaft increased their target price on Delta Air Lines from $60.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Barclays raised their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. Susquehanna boosted their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a "positive" rating in a report on Tuesday, January 7th. The Goldman Sachs Group restated a "buy" rating and issued a $83.00 price target on shares of Delta Air Lines in a research report on Friday, November 15th. Finally, Jefferies Financial Group lifted their price target on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Fourteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target 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.