Global Financial Private Client LLC Buys 9,559 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Global Financial Private Client LLC raised its stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 562.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,260 shares of the transportation company's stock after purchasing an additional 9,559 shares during the quarter. Global Financial Private Client LLC's holdings in Delta Air Lines were worth $681,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity at Delta Air Lines

In related news, CEO Edward H. Bastian sold 68,000 shares of the company's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $56.33, for a total value of $3,830,440.00. Following the completion of the sale, the chief executive officer now owns 439,819 shares in the company, valued at $24,775,004.27. This represents a 13.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP William C. Carroll sold 21,530 shares of the firm's stock in a transaction 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 in the company, valued at $1,197,608.72. The trade was a 52.15 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 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 Up 1.6 %

Shares of DAL stock traded up $1.06 during trading hours on Tuesday, reaching $66.16. The company had a trading volume of 6,987,950 shares, compared to its average volume of 11,528,807. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34. Delta Air Lines, Inc. has a 1-year low of $36.34 and a 1-year high of $68.99. The company has a 50 day moving average of $62.59 and a 200 day moving average of $52.15. The firm has a market cap of $42.69 billion, a price-to-earnings ratio of 9.19, a P/E/G ratio of 1.17 and a beta of 1.35.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share 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 quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.28 earnings per share. On average, equities research analysts anticipate that Delta Air Lines, Inc. will post 6.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on DAL shares. TD Cowen raised their price target on Delta Air Lines from $78.00 to $90.00 and gave the company a "buy" rating in a report on Monday. JPMorgan Chase & Co. raised their target price 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. Susquehanna upped their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a "positive" rating in a research report on Tuesday, January 7th. UBS Group restated a "buy" rating and issued a $88.00 price objective on shares of Delta Air Lines in a research report on Tuesday, November 26th. Finally, Barclays upped their target price on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. Fourteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $78.22.

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.