B. Riley Wealth Advisors Inc. Boosts Holdings in Delta Air Lines, Inc. (NYSE:DAL)

B. Riley Wealth Advisors Inc. lifted its stake in Delta Air Lines, Inc. (NYSE:DAL – Get Rating) by 16.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,342 shares of the transportation company’s stock after purchasing an additional 7,816 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Delta Air Lines were worth $1,581,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Delta Air Lines by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 70,356,139 shares of the transportation company’s stock worth $1,974,193,000 after purchasing an additional 917,225 shares during the period. Primecap Management Co. CA increased its stake in shares of Delta Air Lines by 5.0% in the 3rd quarter. Primecap Management Co. CA now owns 22,369,318 shares of the transportation company’s stock worth $627,683,000 after acquiring an additional 1,067,362 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Delta Air Lines by 177.5% in the 3rd quarter. Renaissance Technologies LLC now owns 8,815,900 shares of the transportation company’s stock worth $247,374,000 after acquiring an additional 5,638,800 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Delta Air Lines by 8.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,033,844 shares of the transportation company’s stock worth $113,211,000 after acquiring an additional 309,194 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Delta Air Lines by 15.8% in the 1st quarter. Invesco Ltd. now owns 3,211,503 shares of the transportation company’s stock worth $127,079,000 after acquiring an additional 437,281 shares in the last quarter. 66.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Delta Air Lines

In other news, SVP William C. Carroll sold 5,481 shares of the business’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $40.01, for a total value of $219,294.81. Following the transaction, the senior vice president now owns 8,720 shares of the company’s stock, valued at $348,887.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP William C. Carroll sold 5,481 shares of the business’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $40.01, for a total value of $219,294.81. Following the transaction, the senior vice president now owns 8,720 shares of the company’s stock, valued at $348,887.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP William C. Carroll sold 15,529 shares of the business’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $38.20, for a total transaction of $593,207.80. Following the completion of the sale, the senior vice president now owns 16,780 shares in the company, valued at approximately $640,996. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,980 shares of company stock valued at $1,696,902. 0.84% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Delta Air Lines in a research note on Friday, December 16th. They issued a “buy” rating and a $40.00 price target for the company. Redburn Partners upgraded shares of Delta Air Lines from a “neutral” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Wednesday, February 8th. Citigroup raised their price objective on shares of Delta Air Lines from $55.00 to $59.00 and gave the company a “buy” rating in a research note on Monday, December 19th. Raymond James raised their price objective on shares of Delta Air Lines from $52.00 to $53.00 and gave the company a “strong-buy” rating in a research note on Tuesday, January 17th. Finally, StockNews.com initiated coverage on shares of Delta Air Lines in a research note on Thursday. They issued a “hold” rating for the company. One investment analyst has rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and a consensus price target of $49.47.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $32.96 on Friday. The company has a debt-to-equity ratio of 3.14, a current ratio of 0.50 and a quick ratio of 0.45. Delta Air Lines, Inc. has a 1-year low of $27.20 and a 1-year high of $46.27. The company has a market capitalization of $21.14 billion, a P/E ratio of 16.16 and a beta of 1.26. The firm’s 50 day simple moving average is $38.15 and its two-hundred day simple moving average is $34.60.

Delta Air Lines (NYSE:DAL – Get Rating) last issued its quarterly earnings results on Friday, January 13th. The transportation company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.17. Delta Air Lines had a net margin of 2.61% and a return on equity of 45.69%. The business had revenue of $13.44 billion for the quarter, compared to the consensus estimate of $13.03 billion. Research analysts expect that Delta Air Lines, Inc. will post 5.16 EPS for the current fiscal year.

About Delta Air Lines

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Delta Air Lines, Inc engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment provides jet fuel to the airline segment.