Grove Bank & Trust Acquires 1,496 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Grove Bank & Trust lifted its stake in Delta Air Lines, Inc. (NYSE:DAL) by 9.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,814 shares of the transportation company’s stock after buying an additional 1,496 shares during the quarter. Grove Bank & Trust’s holdings in Delta Air Lines were worth $1,017,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Future Financial Wealth Managment LLC purchased a new stake in shares of Delta Air Lines in the third quarter worth about $25,000. Modus Advisors LLC bought a new stake in shares of Delta Air Lines in the 4th quarter worth about $33,000. Versant Capital Management Inc lifted its holdings in shares of Delta Air Lines by 829.2% in the 4th quarter. Versant Capital Management Inc now owns 604 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 539 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in Delta Air Lines in the third quarter worth about $31,000. Finally, Kimelman & Baird LLC bought a new position in shares of Delta Air Lines during the 2nd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Transactions at Delta Air Lines

In related news, EVP Allison C. Ausband sold 7,510 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total value of $470,276.20. Following the transaction, the executive vice president now directly owns 58,897 shares in the company, valued at approximately $3,688,130.14. This represents a 11.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP William C. Carroll sold 21,530 shares of Delta Air Lines 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 completion of the sale, the senior vice president now owns 19,756 shares in the company, valued at $1,197,608.72. This represents a 52.15 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 117,319 shares of company stock valued at $6,794,748. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Down 0.6 %

DAL stock opened at $65.81 on Monday. Delta Air Lines, Inc. has a 52 week low of $36.69 and a 52 week high of $68.99. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05. The firm has a 50-day simple moving average of $62.86 and a 200-day simple moving average of $52.51. The stock has a market capitalization of $42.47 billion, a P/E ratio of 12.35, a P/E/G ratio of 1.05 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last announced 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. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The business had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter in the prior year, the firm earned $1.28 earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year. Equities analysts forecast that Delta Air Lines, Inc. will post 7.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on DAL shares. Barclays boosted their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. UBS Group reaffirmed a “buy” rating and issued a $88.00 price target on shares of Delta Air Lines in a research note on Tuesday, November 26th. Sanford C. Bernstein lifted their price target on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Susquehanna increased their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. Finally, Citigroup raised their target price on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $78.22.

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.