Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. trimmed its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 82.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,650 shares of the transportation company’s stock after selling 129,521 shares during the quarter. Wesbanco Bank Inc.’s holdings in Delta Air Lines were worth $1,612,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Sanders Capital LLC raised its stake in shares of Delta Air Lines by 2.8% during the 3rd quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock worth $1,414,074,000 after buying an additional 749,099 shares during the last quarter. Geode Capital Management LLC raised its position in Delta Air Lines by 2.8% during the third quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock worth $789,452,000 after acquiring an additional 416,338 shares during the last quarter. Pzena Investment Management LLC purchased a new stake in shares of Delta Air Lines in the third quarter valued at about $281,206,000. Castle Hook Partners LP acquired a new stake in shares of Delta Air Lines in the third quarter valued at approximately $189,296,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Delta Air Lines by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,497,487 shares of the transportation company’s stock worth $177,637,000 after purchasing an additional 10,332 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Buying and Selling

In related news, EVP Steven M. Sear sold 10,279 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $58.72, for a total value of $603,582.88. Following the sale, the executive vice president now owns 78,459 shares of the company’s stock, valued at $4,607,112.48. This trade represents a 11.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction dated Wednesday, January 22nd. The shares were 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 owns 439,819 shares in the company, valued at approximately $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 217,429 shares of company stock worth $13,755,259 over the last quarter. 0.96% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on DAL shares. Bank of America increased their target price on Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, October 11th. Jefferies Financial Group lifted their price objective on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Sanford C. Bernstein upped their target price on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. UBS Group reiterated a “buy” rating and set a $88.00 price target on shares of Delta Air Lines in a report 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 analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Delta Air Lines currently has a consensus rating of “Buy” and an average price target of $78.22.

Delta Air Lines Stock Down 0.5 %

Shares of Delta Air Lines stock opened at $67.41 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The business has a 50-day moving average price of $63.06 and a 200 day moving average price of $52.94. 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 cap of $43.50 billion, a P/E ratio of 12.65, a P/E/G ratio of 0.80 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating 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 revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.28 EPS. On average, sell-side analysts forecast that Delta Air Lines, Inc. will post 7.67 earnings per share for the current fiscal year.

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.