Carolina Wealth Advisors LLC Purchases 247 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Carolina Wealth Advisors LLC boosted its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,840 shares of the transportation company’s stock after acquiring an additional 247 shares during the quarter. Carolina Wealth Advisors LLC’s holdings in Delta Air Lines were worth $777,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Future Financial Wealth Managment LLC bought a new stake in shares of Delta Air Lines during the 3rd quarter valued at about $25,000. Kimelman & Baird LLC bought a new stake in Delta Air Lines during the second quarter valued at approximately $31,000. Ashton Thomas Securities LLC purchased a new stake in Delta Air Lines during the third quarter valued at approximately $31,000. Modus Advisors LLC bought a new position in Delta Air Lines in the fourth quarter worth approximately $33,000. Finally, Versant Capital Management Inc grew its position in shares of Delta Air Lines by 829.2% during the 4th quarter. Versant Capital Management Inc now owns 604 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 539 shares during the period. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines Trading Down 1.3 %

Shares of NYSE:DAL opened at $65.42 on Thursday. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $42.21 billion, a PE ratio of 12.27, a P/E/G ratio of 1.05 and a beta of 1.35. Delta Air Lines, Inc. has a 12-month low of $36.34 and a 12-month high of $68.99. The business’s fifty day simple moving average is $62.59 and its 200-day simple moving average is $52.15.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. The business had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.28 earnings per share. As a group, equities research analysts predict that Delta Air Lines, Inc. will post 7.35 earnings per share for the current fiscal year.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of Delta Air Lines stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the completion of the sale, the senior vice president now owns 19,756 shares of the company’s stock, valued at approximately $1,197,608.72. The trade was a 52.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Edward H. Bastian sold 68,000 shares of Delta Air Lines stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $56.33, for a total value of $3,830,440.00. Following the sale, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $24,775,004.27. This trade represents a 13.39 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 117,319 shares of company stock valued at $6,794,748. Corporate insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on DAL shares. The Goldman Sachs Group reiterated a “buy” rating and set a $83.00 target price on shares of Delta Air Lines in a research report on Friday, November 15th. BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. Jefferies Financial Group boosted their target price on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. TD Cowen increased their price objective on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday. Finally, JPMorgan Chase & Co. lifted their target price on Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $78.22.

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 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.