Strategic Blueprint LLC Sells 699 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Strategic Blueprint LLC cut its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 104,374 shares of the transportation company’s stock after selling 699 shares during the quarter. Strategic Blueprint LLC’s holdings in Delta Air Lines were worth $6,315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hantz Financial Services Inc. grew its position in Delta Air Lines by 23.5% in the fourth quarter. Hantz Financial Services Inc. now owns 1,330 shares of the transportation company’s stock worth $80,000 after acquiring an additional 253 shares in the last quarter. Forsta AP Fonden lifted its stake in Delta Air Lines by 402.1% during the fourth quarter. Forsta AP Fonden now owns 48,200 shares of the transportation company’s stock worth $2,916,000 after purchasing an additional 38,600 shares during the last quarter. R Squared Ltd purchased a new position in shares of Delta Air Lines in the 4th quarter worth about $82,000. Perigon Wealth Management LLC increased its position in shares of Delta Air Lines by 4.7% during the 4th quarter. Perigon Wealth Management LLC now owns 8,530 shares of the transportation company’s stock valued at $565,000 after purchasing an additional 382 shares during the last quarter. Finally, Foundations Investment Advisors LLC raised its holdings in shares of Delta Air Lines by 78.4% during the 4th quarter. Foundations Investment Advisors LLC now owns 7,213 shares of the transportation company’s stock valued at $436,000 after buying an additional 3,170 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the business’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total value of $6,405,943.50. Following the sale, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP William C. Carroll sold 21,530 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $60.62, for a total value of $1,305,148.60. Following the transaction, the senior vice president now owns 19,756 shares of the company’s stock, valued at $1,197,608.72. The trade was a 52.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 139,429 shares of company stock valued at $9,339,519 in the last three months. 0.96% of the stock is currently owned by company insiders.

Delta Air Lines Price Performance

DAL stock opened at $68.13 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98. The firm has a 50-day moving average of $63.32 and a 200 day moving average of $53.60. The company has a market cap of $43.96 billion, a P/E ratio of 12.82, a PEG ratio of 0.79 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last released its earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. The company had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.28 EPS. On average, sell-side analysts forecast that Delta Air Lines, Inc. will post 7.67 EPS for the current year.

Analysts Set New Price Targets

DAL has been the subject of several research reports. UBS Group reiterated a “buy” rating and set a $88.00 price target on shares of Delta Air Lines in a research report on Tuesday, November 26th. TD Cowen increased their target price 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. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Bank of America raised their price objective on Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Finally, Citigroup boosted their target price on Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Fourteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target 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.