IFP Advisors Inc Sells 14,845 Shares of Delta Air Lines, Inc. (NYSE:DAL)

IFP Advisors Inc lowered its stake in shares of Delta Air Lines, Inc. (NYSE:DAL – Get Rating) by 40.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 21,443 shares of the transportation company’s stock after selling 14,845 shares during the quarter. IFP Advisors Inc’s holdings in Delta Air Lines were worth $244,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC grew its stake in shares of Delta Air Lines by 177.5% during 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 during the period. GMT Capital Corp grew its stake in shares of Delta Air Lines by 41.5% during the 4th quarter. GMT Capital Corp now owns 5,399,600 shares of the transportation company’s stock worth $177,431,000 after acquiring an additional 1,584,000 shares during the period. Jupiter Asset Management Ltd. bought a new position in shares of Delta Air Lines during the 3rd quarter worth $38,925,000. Twinbeech Capital LP bought a new position in shares of Delta Air Lines during the 3rd quarter worth $35,681,000. Finally, Vanguard Group Inc. grew its stake in shares of Delta Air Lines by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 68,234,306 shares of the transportation company’s stock worth $2,700,032,000 after acquiring an additional 1,267,578 shares during the period. Institutional investors own 66.47% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on DAL. Bank of America cut their price target on Delta Air Lines from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, April 14th. JPMorgan Chase & Co. dropped their price objective on Delta Air Lines from $81.00 to $69.00 in a report on Monday. Jefferies Financial Group increased their price objective on Delta Air Lines from $40.00 to $45.00 in a report on Wednesday, January 11th. Redburn Partners raised Delta Air Lines from a “neutral” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Wednesday, February 8th. Finally, Barclays increased their price objective on Delta Air Lines from $44.00 to $48.00 in a report on Friday, March 10th. One investment analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $49.38.

Insider Buying and Selling

In related news, Director David S. Taylor purchased 5,000 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, April 26th. The shares were acquired at an average cost of $32.83 per share, for a total transaction of $164,150.00. Following the transaction, the director now directly owns 25,360 shares in the company, valued at $832,568.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Rahul D. Samant sold 13,124 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of $38.77, for a total value of $508,817.48. Following the sale, the executive vice president now directly owns 57,383 shares in the company, valued at approximately $2,224,738.91. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director David S. Taylor acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, April 26th. The stock was acquired at an average price of $32.83 per share, for a total transaction of $164,150.00. Following the completion of the transaction, the director now owns 25,360 shares in the company, valued at approximately $832,568.80. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 15,000 shares of company stock worth $503,250 and have sold 27,970 shares worth $1,057,049. 0.84% of the stock is owned by corporate insiders.

Delta Air Lines Price Performance

DAL opened at $33.80 on Thursday. The stock’s 50 day simple moving average is $34.51 and its 200 day simple moving average is $35.38. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.47 and a quick ratio of 0.42. Delta Air Lines, Inc. has a 1 year low of $27.20 and a 1 year high of $42.45. The firm has a market cap of $21.72 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 0.18 and a beta of 1.25.

Delta Air Lines (NYSE:DAL – Get Rating) last posted its quarterly earnings results on Thursday, April 13th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.04). Delta Air Lines had a return on equity of 56.49% and a net margin of 3.51%. The company had revenue of $12.76 billion for the quarter, compared to the consensus estimate of $12.25 billion. During the same quarter in the previous year, the business earned ($1.23) earnings per share. Delta Air Lines’s revenue was up 36.5% compared to the same quarter last year. As a group, analysts predict that Delta Air Lines, Inc. will post 5.39 earnings per share for the current 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.