Valeo Financial Advisors LLC cut its stake in Delta Air Lines, Inc. (NYSE:DAL) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,679 shares of the transportation company’s stock after selling 362 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Delta Air Lines were worth $1,209,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Peddock Capital Advisors LLC acquired a new stake in Delta Air Lines during the 4th quarter worth $27,000. Advisor Partners LLC increased its stake in shares of Delta Air Lines by 17.1% in the fourth quarter. Advisor Partners LLC now owns 15,924 shares of the transportation company’s stock worth $981,000 after buying an additional 2,323 shares during the last quarter. Stack Financial Management Inc increased its stake in shares of Delta Air Lines by 0.3% in the fourth quarter. Stack Financial Management Inc now owns 180,710 shares of the transportation company’s stock worth $10,568,000 after buying an additional 465 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new stake in Delta Air Lines in the fourth quarter valued at $617,000. Finally, FinTrust Capital Advisors LLC raised its holdings in Delta Air Lines by 19.6% in the fourth quarter. FinTrust Capital Advisors LLC now owns 19,263 shares of the transportation company’s stock valued at $1,127,000 after acquiring an additional 3,163 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:DAL traded down $1.43 during trading on Friday, reaching $58.62. 1,313,282 shares of the company’s stock traded hands, compared to its average volume of 6,339,669. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.41 and a quick ratio of 0.35. Delta Air Lines, Inc. has a 12 month low of $46.90 and a 12 month high of $63.44. The company has a 50 day moving average of $58.73 and a 200-day moving average of $57.91. The stock has a market capitalization of $38.57 billion, a P/E ratio of 8.01, a price-to-earnings-growth ratio of 0.59 and a beta of 1.11.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Tuesday, January 14th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.30. Delta Air Lines had a net margin of 10.14% and a return on equity of 33.28%. The firm had revenue of $11.44 billion for the quarter, compared to analysts’ expectations of $11.37 billion. During the same quarter last year, the company posted $1.30 earnings per share. Delta Air Lines’s revenue was up 6.5% on a year-over-year basis. Equities research analysts predict that Delta Air Lines, Inc. will post 7.26 earnings per share for the current fiscal year.

In related news, CEO Edward H. Bastian sold 30,236 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $57.55, for a total value of $1,740,081.80. Following the sale, the chief executive officer now owns 323,955 shares of the company’s stock, valued at approximately $18,643,610.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.47% of the stock is currently owned by corporate insiders.

Several research analysts have weighed in on the stock. Wolfe Research lowered shares of Delta Air Lines from an “outperform” rating to a “peer perform” rating in a report on Monday, January 13th. Cowen cut their target price on shares of Delta Air Lines from $69.00 to $68.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. Raymond James cut their target price on shares of Delta Air Lines from $70.00 to $64.00 and set an “outperform” rating on the stock in a research note on Friday, October 11th. They noted that the move was a valuation call. Argus raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research report on Tuesday. Finally, UBS Group initiated coverage on Delta Air Lines in a research note on Tuesday, November 12th. They issued a “neutral” rating and a $62.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $66.94.

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 route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

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

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