Pure Financial Advisors LLC Makes New $252,000 Investment in Delta Air Lines, Inc. (NYSE:DAL)

Pure Financial Advisors LLC purchased a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 4,168 shares of the transportation company’s stock, valued at approximately $252,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new stake in shares of Delta Air Lines in the third quarter worth about $25,000. Modus Advisors LLC acquired a new position in shares of Delta Air Lines in the 4th quarter valued at approximately $33,000. Harbor Investment Advisory LLC increased its stake in Delta Air Lines by 217.1% during 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. Versant Capital Management Inc raised its holdings in Delta Air Lines by 829.2% during the 4th quarter. Versant Capital Management Inc now owns 604 shares of the transportation company’s stock worth $37,000 after buying an additional 539 shares during the period. Finally, Ashton Thomas Securities LLC bought a new position in Delta Air Lines in the third quarter valued at approximately $31,000. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Down 0.8 %

Delta Air Lines stock opened at $67.82 on Thursday. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two week high of $69.98. The firm has a market capitalization of $43.76 billion, a PE ratio of 12.72, a P/E/G ratio of 0.77 and a beta of 1.35. The company’s 50-day moving average is $62.99 and its 200-day moving average is $52.83. 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 (NYSE:DAL) last released its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (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 business’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm posted $1.28 earnings per share. Sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.67 earnings per share for the current year.

Insider Buying and Selling at Delta Air Lines

In other news, CEO Edward H. Bastian sold 68,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $56.33, for a total transaction 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. The trade was a 13.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP William C. Carroll sold 21,530 shares of the 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 transaction, the senior vice president now owns 19,756 shares in the company, valued at approximately $1,197,608.72. This trade represents a 52.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 125,719 shares of company stock worth $7,349,316 over the last ninety days. Insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

DAL has been the topic of a number of research analyst reports. Citigroup raised their price objective on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft boosted their price target on Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. increased their price objective on Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. UBS Group restated a “buy” rating and issued a $88.00 target price on shares of Delta Air Lines in a research note on Tuesday, November 26th. Finally, StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Fourteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus 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.