Rothschild Investment Corp IL boosted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 5.4% in the fourth quarter, HoldingsChannel reports. The firm owned 11,240 shares of the transportation company’s stock after buying an additional 575 shares during the period. Rothschild Investment Corp IL’s holdings in Delta Air Lines were worth $657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of DAL. Prime Capital Investment Advisors LLC purchased a new position in shares of Delta Air Lines during the 3rd quarter valued at about $29,000. Liberty Wealth Management LLC acquired a new position in shares of Delta Air Lines in the 3rd quarter valued at about $34,000. Reilly Financial Advisors LLC purchased a new stake in shares of Delta Air Lines in the third quarter worth about $38,000. Covington Capital Management boosted its stake in shares of Delta Air Lines by 35.4% in the second quarter. Covington Capital Management now owns 746 shares of the transportation company’s stock worth $42,000 after buying an additional 195 shares during the last quarter. Finally, Bartlett & Co. LLC purchased a new stake in shares of Delta Air Lines in the third quarter worth about $42,000. Institutional investors own 87.26% of the company’s stock.
NYSE:DAL opened at $59.37 on Friday. The stock has a 50 day moving average of $58.73 and a two-hundred day moving average of $57.91. Delta Air Lines, Inc. has a 12 month low of $46.90 and a 12 month high of $63.44. The firm has a market cap of $38.57 billion, a P/E ratio of 8.11, a price-to-earnings-growth ratio of 0.59 and a beta of 1.11. The company has a current ratio of 0.41, a quick ratio of 0.35 and a debt-to-equity ratio of 0.92.
In related news, CEO Edward H. Bastian sold 30,236 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $57.55, for a total transaction of $1,740,081.80. Following the completion of 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 filing with the SEC, which can be accessed through this hyperlink. 0.47% of the stock is currently owned by corporate insiders.
Several research analysts recently weighed in on DAL shares. Morgan Stanley lifted their price target on Delta Air Lines from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Deutsche Bank raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and raised their price objective for the stock from $61.00 to $70.00 in a research note on Wednesday, December 18th. Buckingham Research lifted their target price on shares of Delta Air Lines from $56.00 to $62.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Raymond James decreased their target price on shares of Delta Air Lines from $70.00 to $64.00 and set an “outperform” rating for the company in a research note on Friday, October 11th. They noted that the move was a valuation call. Finally, Barclays set a $65.00 price target on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $66.94.
About Delta Air Lines
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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