Janney Montgomery Scott LLC Trims Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Janney Montgomery Scott LLC trimmed its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 72.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 152,361 shares of the transportation company's stock after selling 409,768 shares during the period. Janney Montgomery Scott LLC's holdings in Delta Air Lines were worth $9,218,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Magnus Financial Group LLC grew its stake in shares of Delta Air Lines by 11.4% in the fourth quarter. Magnus Financial Group LLC now owns 5,903 shares of the transportation company's stock worth $357,000 after acquiring an additional 602 shares during the last quarter. Dakota Wealth Management boosted its stake in Delta Air Lines by 33.6% in the 4th quarter. Dakota Wealth Management now owns 8,235 shares of the transportation company's stock worth $498,000 after purchasing an additional 2,069 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Delta Air Lines by 18.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 126,190 shares of the transportation company's stock valued at $7,634,000 after purchasing an additional 19,495 shares during the last quarter. Red Spruce Capital LLC increased its stake in Delta Air Lines by 6.3% during the 4th quarter. Red Spruce Capital LLC now owns 49,610 shares of the transportation company's stock valued at $3,001,000 after purchasing an additional 2,928 shares in the last quarter. Finally, Aspire Private Capital LLC lifted its stake in shares of Delta Air Lines by 3.5% in the fourth quarter. Aspire Private Capital LLC now owns 19,159 shares of the transportation company's stock worth $1,159,000 after buying an additional 641 shares in the last quarter. Institutional investors own 69.93% of the company's stock.

Delta Air Lines Price Performance

Shares of NYSE:DAL traded down $0.19 on Tuesday, reaching $67.58. The company's stock had a trading volume of 5,028,762 shares, compared to its average volume of 9,377,830. The company has a 50-day simple moving average of $63.26 and a 200 day simple moving average of $53.43. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The company has a market cap of $43.61 billion, a P/E ratio of 12.68, a PEG ratio of 0.79 and a beta of 1.35. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98.

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, topping analysts' consensus estimates of $1.76 by $0.09. The company had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. Delta Air Lines's revenue was up 9.4% on a year-over-year basis. During the same period last year, the company earned $1.28 earnings per share. As a group, equities research analysts anticipate that Delta Air Lines, Inc. will post 7.67 EPS for the current fiscal year.

Insiders Place Their Bets

In other Delta Air Lines news, EVP Steven M. Sear sold 10,279 shares of Delta Air Lines stock in a transaction on Friday, November 1st. The shares were sold at an average price of $58.72, for a total value of $603,582.88. Following the transaction, the executive vice president now directly owns 78,459 shares of the company's stock, valued at approximately $4,607,112.48. The trade was a 11.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rahul D. Samant sold 10,000 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $58.53, for a total value of $585,300.00. Following the sale, the executive vice president now owns 64,163 shares of the company's stock, valued at approximately $3,755,460.39. This represents a 13.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 149,429 shares of company stock worth $9,924,819 in the last three months. Corporate insiders own 0.96% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on DAL. Citigroup lifted their target price on Delta Air Lines from $65.00 to $76.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Sanford C. Bernstein boosted their target price on Delta Air Lines from $62.00 to $65.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 8th. UBS Group restated a "buy" rating and set a $88.00 target price on shares of Delta Air Lines in a research note on Tuesday, November 26th. StockNews.com upgraded shares of Delta Air Lines from a "hold" rating to a "buy" rating in a research note on Monday, January 13th. Finally, Jefferies Financial Group increased their price objective on shares of 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, Delta Air Lines has an average rating of "Buy" and an average 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.