McHugh Group LLC Purchases Shares of 4,650 Delta Air Lines, Inc. (NYSE:DAL)

McHugh Group LLC acquired a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,650 shares of the transportation company’s stock, valued at approximately $281,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DAL. New Wave Wealth Advisors LLC acquired a new position in Delta Air Lines in the 4th quarter valued at $27,000. Future Financial Wealth Managment LLC acquired a new position in shares of Delta Air Lines in the third quarter valued at about $25,000. Crews Bank & Trust bought a new position in Delta Air Lines during the fourth quarter worth about $30,000. Modus Advisors LLC bought a new position in Delta Air Lines during the fourth quarter worth about $33,000. Finally, Harbor Investment Advisory LLC raised its stake in Delta Air Lines by 217.1% in the 4th quarter. Harbor Investment Advisory LLC now owns 555 shares of the transportation company’s stock worth $34,000 after purchasing an additional 380 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Buying and Selling at Delta Air Lines

In other news, CEO Edward H. Bastian sold 91,710 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the completion of the sale, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $30,721,357.15. This trade represents a 17.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP William C. Carroll sold 8,400 shares of Delta Air Lines stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $66.02, for a total transaction of $554,568.00. Following the completion of the sale, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,304,291.12. This represents a 29.83 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 128,423 shares of company stock worth $8,712,931. Corporate insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DAL. TD Cowen raised their price target on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. The Goldman Sachs Group restated a “buy” rating and issued a $83.00 target price on shares of Delta Air Lines in a research report on Friday, November 15th. Bank of America lifted their price objective on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Citigroup upped their target price on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Delta Air Lines has a consensus rating of “Buy” and an average target price of $78.22.

Delta Air Lines Trading Down 0.1 %

Shares of DAL stock opened at $69.01 on Thursday. The company has a market cap of $44.53 billion, a P/E ratio of 12.95, a PEG ratio of 0.78 and a beta of 1.36. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two week high of $69.98. The stock has a 50 day simple moving average of $63.84 and a two-hundred day simple moving average of $54.51. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. The business had revenue of $15.56 billion for 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%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.28 EPS. Research analysts forecast that Delta Air Lines, Inc. will post 7.67 earnings per share for the current year.

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.