Coastwise Capital Group LLC Reduces Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Coastwise Capital Group LLC trimmed its stake in Delta Air Lines, Inc. (NYSE:DAL) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,969 shares of the transportation company’s stock after selling 1,142 shares during the period. Coastwise Capital Group LLC’s holdings in Delta Air Lines were worth $906,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Mason & Associates Inc raised its holdings in Delta Air Lines by 3.2% in the fourth quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company’s stock worth $308,000 after purchasing an additional 160 shares in the last quarter. Armstrong Advisory Group Inc. increased its stake in shares of Delta Air Lines by 10.6% in the 4th quarter. Armstrong Advisory Group Inc. now owns 1,820 shares of the transportation company’s stock worth $110,000 after acquiring an additional 175 shares in the last quarter. Ballentine Partners LLC lifted its position in Delta Air Lines by 3.7% during the 4th quarter. Ballentine Partners LLC now owns 5,267 shares of the transportation company’s stock valued at $319,000 after acquiring an additional 188 shares during the period. Huntington National Bank boosted its stake in Delta Air Lines by 2.9% during the third quarter. Huntington National Bank now owns 6,679 shares of the transportation company’s stock worth $339,000 after acquiring an additional 189 shares in the last quarter. Finally, Oakworth Capital Inc. grew its holdings in Delta Air Lines by 16.9% in the third quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company’s stock worth $72,000 after purchasing an additional 204 shares during the period. Institutional investors own 69.93% of the company’s stock.

Insiders Place Their Bets

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 439,819 shares in the company, valued at approximately $30,721,357.15. This trade represents a 17.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Allison C. Ausband sold 7,510 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total transaction of $470,276.20. Following the completion of the sale, the executive vice president now directly owns 58,897 shares of the company’s stock, valued at approximately $3,688,130.14. This trade represents a 11.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 129,150 shares of company stock worth $8,735,936. Company insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

DAL has been the subject of several recent research reports. Barclays lifted their target price on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. StockNews.com raised Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. lifted their price target on Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Bank of America upped their price target on shares of Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Finally, UBS Group restated a “buy” rating and set a $88.00 price objective on shares of Delta Air Lines in a research note on Tuesday, November 26th. Fourteen 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 stock currently has a consensus rating of “Buy” and an average price target of $78.22.

Delta Air Lines Stock Performance

DAL stock opened at $68.57 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98. The company has a market cap of $44.25 billion, a P/E ratio of 12.86, a price-to-earnings-growth ratio of 0.80 and a beta of 1.35. The stock’s fifty day moving average price is $63.41 and its 200-day moving average price is $53.70.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $14.20 billion. During the same period last year, the firm posted $1.28 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities analysts forecast that Delta Air Lines, Inc. will post 7.67 earnings per share for the current year.

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.