Friedenthal Financial Acquires New Position in Delta Air Lines, Inc. (NYSE:DAL)

Friedenthal Financial bought a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 13,786 shares of the transportation company's stock, valued at approximately $834,000.

Several other institutional investors also recently bought and sold shares of DAL. Sanders Capital LLC raised its stake in shares of Delta Air Lines by 2.8% in the third 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. 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 during the period. Dimensional Fund Advisors LP raised its position in Delta Air Lines by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company's stock valued at $471,330,000 after purchasing an additional 1,105,674 shares in the last quarter. Pzena Investment Management LLC purchased a new position in shares of Delta Air Lines in the 3rd quarter valued at about $281,206,000. Finally, Castle Hook Partners LP acquired a new position in shares of Delta Air Lines during the third quarter worth about $189,296,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DAL shares. BNP Paribas upgraded shares of Delta Air Lines to a "strong-buy" rating in a research note on Thursday, September 19th. The Goldman Sachs Group reiterated a "buy" rating and set a $83.00 target price on shares of Delta Air Lines in a research note on Friday, November 15th. JPMorgan Chase & Co. raised their price target on Delta Air Lines from $68.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, October 11th. Barclays upped their price objective 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. Finally, UBS Group reissued a "buy" rating and set a $88.00 target price on shares of Delta Air Lines in a research report on Tuesday, November 26th. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $78.22.

Delta Air Lines Stock Performance

NYSE:DAL traded down $1.88 during trading hours on Monday, reaching $65.07. 12,368,441 shares of the company's stock were exchanged, compared to its average volume of 12,176,481. Delta Air Lines, Inc. has a 1-year low of $36.34 and a 1-year high of $68.99. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $41.99 billion, a price-to-earnings ratio of 9.04, a P/E/G ratio of 1.17 and a beta of 1.35. The company has a 50-day moving average of $62.43 and a 200 day moving average of $52.01.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.09. The business had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The business's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.28 earnings per share. Research analysts anticipate that Delta Air Lines, Inc. will post 6.08 EPS for the current year.

Insider Activity

In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of Delta Air Lines 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 owns 19,756 shares of the company's stock, valued at approximately $1,197,608.72. The trade was a 52.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Allison C. Ausband sold 7,510 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total value of $470,276.20. Following the transaction, the executive vice president now directly owns 58,897 shares of the company's stock, valued at approximately $3,688,130.14. This trade represents a 11.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 136,809 shares of company stock valued at $7,871,765. Company insiders own 0.96% of the company's stock.

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.