JB Capital LLC Makes New Investment in Delta Air Lines, Inc. (NYSE:DAL)

JB Capital LLC acquired a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 4th quarter, Holdings Channel reports. The fund acquired 3,533 shares of the transportation company’s stock, valued at approximately $214,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC purchased a new stake in Delta Air Lines during the 3rd quarter valued at about $25,000. New Wave Wealth Advisors LLC acquired a new stake in Delta Air Lines during the 4th quarter worth approximately $27,000. Crews Bank & Trust purchased a new stake in shares of Delta Air Lines in the 4th quarter valued at approximately $30,000. Ashton Thomas Securities LLC purchased a new stake in shares of Delta Air Lines in the 3rd quarter valued at approximately $31,000. Finally, Modus Advisors LLC purchased a new position in shares of Delta Air Lines in the 4th quarter valued at $33,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Stock Down 1.1 %

Delta Air Lines stock opened at $66.55 on Tuesday. The stock has a fifty day simple moving average of $63.59 and a two-hundred day simple moving average of $54.09. Delta Air Lines, Inc. has a 12 month low of $37.29 and a 12 month high of $69.98. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The firm has a market cap of $42.94 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 0.78 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The business had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. During the same period in the prior year, the business posted $1.28 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities analysts predict that Delta Air Lines, Inc. will post 7.67 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on DAL. TD Cowen raised their target price on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Barclays boosted their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. UBS Group reaffirmed a “buy” rating and set a $88.00 price target on shares of Delta Air Lines in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Jefferies Financial Group boosted their price objective on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Fourteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $78.22.

Insiders Place Their Bets

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP William C. Carroll sold 21,530 shares of Delta Air Lines stock in a transaction on Friday, November 8th. The shares were sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the completion of the transaction, the senior vice president now owns 19,756 shares in the company, valued at approximately $1,197,608.72. This trade represents a 52.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 129,150 shares of company stock valued at $8,735,936 in the last ninety days. 0.96% of the stock is currently owned by corporate insiders.

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 domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.