New England Research & Management Inc. Sells 2,450 Shares of Delta Air Lines, Inc. (NYSE:DAL)

New England Research & Management Inc. decreased its stake in Delta Air Lines, Inc. (NYSE:DAL) by 13.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,391 shares of the transportation company’s stock after selling 2,450 shares during the period. New England Research & Management Inc.’s holdings in Delta Air Lines were worth $918,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of DAL. Mountain Capital Investment Advisors Inc bought a new position in Delta Air Lines in the second quarter worth approximately $114,000. BB&T Investment Services Inc. bought a new position in Delta Air Lines in the second quarter worth approximately $128,000. Advisory Services Network LLC boosted its holdings in Delta Air Lines by 3.0% in the second quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock worth $137,000 after acquiring an additional 75 shares in the last quarter. IHT Wealth Management LLC boosted its holdings in Delta Air Lines by 40.9% in the second quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock worth $146,000 after acquiring an additional 220 shares in the last quarter. Finally, Blue Granite Capital LLC bought a new position in Delta Air Lines in the third quarter worth approximately $162,000. 85.07% of the stock is owned by institutional investors.

DAL has been the topic of several recent research reports. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $63.00 price target (down previously from $67.00) on shares of Delta Air Lines in a report on Wednesday, September 27th. Imperial Capital restated an “outperform” rating and issued a $65.00 target price (up previously from $63.00) on shares of Delta Air Lines in a report on Friday. ValuEngine upgraded Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Cowen raised their target price on Delta Air Lines from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, October 12th. Finally, Sanford C. Bernstein set a $67.00 target price on Delta Air Lines and gave the company a “buy” rating in a report on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Delta Air Lines has a consensus rating of “Buy” and an average price target of $65.53.

In related news, EVP Peter W. Carter sold 19,809 shares of Delta Air Lines stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $50.42, for a total transaction of $998,769.78. Following the completion of the sale, the executive vice president now owns 67,077 shares of the company’s stock, valued at $3,382,022.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Joanne D. Smith sold 894 shares of Delta Air Lines stock in a transaction on Monday, December 18th. The shares were sold at an average price of $56.50, for a total value of $50,511.00. Following the sale, the executive vice president now directly owns 72,393 shares of the company’s stock, valued at approximately $4,090,204.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 249,197 shares of company stock valued at $13,797,192. 0.37% of the stock is owned by company insiders.

Delta Air Lines, Inc. (NYSE:DAL) traded down $0.02 during trading hours on Tuesday, reaching $59.81. The company’s stock had a trading volume of 4,985,535 shares, compared to its average volume of 11,044,145. The stock has a market capitalization of $42,670.00, a P/E 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. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.47.

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

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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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