Mason & Associates Inc Has $308,000 Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Mason & Associates Inc raised its stake in Delta Air Lines, Inc. (NYSE:DAL) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,088 shares of the transportation company’s stock after purchasing an additional 160 shares during the period. Mason & Associates Inc’s holdings in Delta Air Lines were worth $308,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new stake in Delta Air Lines during the second quarter worth $302,000. American Century Companies Inc. lifted its position in shares of Delta Air Lines by 159.8% during the second quarter. American Century Companies Inc. now owns 588,436 shares of the transportation company’s stock valued at $27,915,000 after purchasing an additional 361,942 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Delta Air Lines by 8.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 56,494 shares of the transportation company’s stock worth $2,754,000 after purchasing an additional 4,599 shares during the last quarter. Parallel Advisors LLC grew its position in Delta Air Lines by 5.8% in the 2nd quarter. Parallel Advisors LLC now owns 8,844 shares of the transportation company’s stock worth $420,000 after purchasing an additional 488 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in Delta Air Lines by 33.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 36,518 shares of the transportation company’s stock valued at $1,732,000 after buying an additional 9,164 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on DAL shares. The Goldman Sachs Group reaffirmed a “buy” rating and set a $83.00 price target on shares of Delta Air Lines in a research report on Friday, November 15th. TD Cowen raised their target price on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday. Citigroup boosted their price target 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. BNP Paribas upgraded shares of Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Fourteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Delta Air Lines presently has an average rating of “Buy” and an average target price of $78.22.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 68,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 439,819 shares of the company’s stock, valued at approximately $24,775,004.27. This trade represents a 13.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Allison C. Ausband sold 7,510 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total transaction of $470,276.20. Following the sale, the executive vice president now owns 58,897 shares in the company, valued at approximately $3,688,130.14. This trade represents a 11.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders 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 Performance

Shares of DAL stock opened at $65.45 on Thursday. The company has a market capitalization of $42.23 billion, a P/E ratio of 12.28, a PEG ratio of 1.05 and a beta of 1.35. Delta Air Lines, Inc. has a fifty-two week low of $36.69 and a fifty-two week high of $68.99. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. The stock has a 50 day moving average price of $62.59 and a two-hundred day moving average price of $52.15.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.09. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. 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 company posted $1.28 EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. Analysts expect that Delta Air Lines, Inc. will post 7.35 earnings per share for the current year.

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.