Mount Yale Investment Advisors LLC Purchases Shares of 59,392 Delta Air Lines, Inc. (NYSE:DAL)

Mount Yale Investment Advisors LLC purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 59,392 shares of the transportation company’s stock, valued at approximately $3,593,000.

Several other large investors also recently modified their holdings of the stock. Mason & Associates Inc grew its stake in shares of Delta Air Lines by 3.2% in the 4th quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company’s stock valued at $308,000 after buying an additional 160 shares during the period. Armstrong Advisory Group Inc. boosted its holdings in Delta Air Lines by 10.6% in the fourth quarter. Armstrong Advisory Group Inc. now owns 1,820 shares of the transportation company’s stock worth $110,000 after acquiring an additional 175 shares in the last quarter. Ballentine Partners LLC grew its stake in Delta Air Lines by 3.7% in the fourth quarter. Ballentine Partners LLC now owns 5,267 shares of the transportation company’s stock valued at $319,000 after acquiring an additional 188 shares during the period. Huntington National Bank increased its holdings in shares of Delta Air Lines by 2.9% during the third quarter. Huntington National Bank now owns 6,679 shares of the transportation company’s stock valued at $339,000 after acquiring an additional 189 shares in the last quarter. Finally, Oakworth Capital Inc. raised its position in shares of Delta Air Lines by 16.9% during the third quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company’s stock worth $72,000 after purchasing an additional 204 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on DAL. StockNews.com upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. The Goldman Sachs Group restated a “buy” rating and issued a $83.00 target price on shares of Delta Air Lines in a report on Friday, November 15th. JPMorgan Chase & Co. lifted their price target on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. UBS Group reissued a “buy” rating and set a $88.00 price objective on shares of Delta Air Lines in a report on Tuesday, November 26th. Finally, Sanford C. Bernstein raised their target price on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Fourteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $78.22.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $67.10 on Monday. Delta Air Lines, Inc. has a 52 week low of $37.29 and a 52 week high of $69.98. The firm’s 50-day simple moving average is $63.17 and its two-hundred day simple moving average is $53.27. The firm has a market cap of $43.30 billion, a price-to-earnings ratio of 12.59, a P/E/G ratio of 0.79 and a beta of 1.35. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The business had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. During the same quarter in the prior year, the business earned $1.28 earnings per share. Delta Air Lines’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities analysts forecast that Delta Air Lines, Inc. will post 7.67 earnings per share for the current year.

Insider Buying and Selling

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now owns 439,819 shares of the company’s stock, valued at $30,721,357.15. The trade was a 17.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Allison C. Ausband sold 7,510 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 58,897 shares of the company’s stock, valued at $3,688,130.14. The trade was a 11.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 149,429 shares of company stock valued at $9,924,819. 0.96% of the stock is owned by insiders.

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.