Trust Department MB Financial Bank N A reduced its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 18.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,351 shares of the transportation company’s stock after selling 981 shares during the quarter. Trust Department MB Financial Bank N A’s holdings in Delta Air Lines were worth $243,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. IHT Wealth Management LLC grew its position in Delta Air Lines by 40.9% during the second quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock worth $146,000 after buying an additional 220 shares during the period. Mountain Capital Investment Advisors Inc acquired a new position in Delta Air Lines during the second quarter worth about $114,000. Advisory Services Network LLC grew its position in Delta Air Lines by 3.0% during the second quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock worth $137,000 after buying an additional 75 shares during the period. BB&T Investment Services Inc. acquired a new position in Delta Air Lines during the second quarter worth about $128,000. Finally, Blue Granite Capital LLC acquired a new position in Delta Air Lines during the third quarter worth about $162,000. Institutional investors own 85.07% of the company’s stock.

Delta Air Lines, Inc. (NYSE DAL) traded up $1.31 during mid-day trading on Tuesday, hitting $59.83. 12,267,801 shares of the stock traded hands, compared to its average volume of 11,044,145. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $42,450.00, a price-to-earnings ratio of 12.11 and a beta of 1.30. Delta Air Lines, Inc. has a twelve month low of $43.81 and a twelve month high of $60.50.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, January 11th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.08. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.28%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 earnings per share. sell-side analysts expect that Delta Air Lines, Inc. will post 6.18 EPS for the current year.

Several research analysts have weighed in on the stock. Stephens set a $67.00 target price on shares of Delta Air Lines and gave the stock a “buy” rating in a research report on Monday, December 18th. Stifel Nicolaus restated a “buy” rating and set a $85.00 target price (up from $75.00) on shares of Delta Air Lines in a research report on Wednesday, January 10th. UBS Group restated a “buy” rating and set a $62.00 target price (down from $65.00) on shares of Delta Air Lines in a research report on Saturday, September 30th. Zacks Investment Research upgraded shares of Delta Air Lines from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Vetr lowered shares of Delta Air Lines from a “sell” rating to a “strong sell” rating and set a $45.16 price target on the stock. in a research report on Wednesday, November 29th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $65.53.

In related news, CEO Edward H. Bastian sold 73,211 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $56.04, for a total transaction of $4,102,744.44. Following the transaction, the chief executive officer now owns 338,719 shares of the company’s stock, valued at $18,981,812.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward H. Bastian sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $52.79, for a total transaction of $1,055,800.00. The disclosure for this sale can be found here. Insiders have sold 249,197 shares of company stock worth $13,797,192 in the last three months. Insiders own 0.37% of the company’s stock.

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About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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