Delta Air Lines, Inc. (NYSE:DAL) Shares Purchased by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. boosted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 206.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,006 shares of the transportation company’s stock after buying an additional 4,718 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Delta Air Lines were worth $424,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DAL. Future Financial Wealth Managment LLC acquired a new stake in shares of Delta Air Lines in the 3rd quarter worth approximately $25,000. Kimelman & Baird LLC purchased a new stake in Delta Air Lines during the second quarter worth $31,000. Ashton Thomas Securities LLC acquired a new stake in Delta Air Lines in the third quarter valued at $31,000. Modus Advisors LLC acquired a new position in shares of Delta Air Lines during the 4th quarter worth $33,000. Finally, Harbor Investment Advisory LLC boosted its position in shares of 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 buying an additional 380 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $67.82 on Thursday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The firm has a market capitalization of $43.76 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 0.80 and a beta of 1.35. Delta Air Lines, Inc. has a one year low of $37.29 and a one year high of $69.98. The company has a 50 day moving average price of $63.06 and a 200 day moving average price of $52.94.

Delta Air Lines (NYSE:DAL) last issued 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 for the quarter, compared to analyst estimates 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 quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company posted $1.28 EPS. Sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.67 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DAL. Susquehanna raised their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. UBS Group reissued a “buy” rating and issued a $88.00 price target on shares of Delta Air Lines in a report on Tuesday, November 26th. Bank of America increased 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. StockNews.com upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Finally, Jefferies Financial Group upped their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a report on Monday, November 11th. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $78.22.

Insider Activity at Delta Air Lines

In related news, SVP William C. Carroll sold 8,400 shares of the firm’s 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 sale, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,304,291.12. This trade represents a 29.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Edward H. Bastian sold 68,000 shares of the company’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 value of $3,830,440.00. Following the completion of the transaction, the chief executive officer now owns 439,819 shares of the company’s stock, valued at approximately $24,775,004.27. This represents a 13.39 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 125,719 shares of company stock worth $7,349,316. Company insiders own 0.96% of the company’s stock.

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.