Zweig DiMenna Associates LLC Acquires 68,939 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Zweig DiMenna Associates LLC grew its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 34.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 268,810 shares of the transportation company’s stock after acquiring an additional 68,939 shares during the period. Delta Air Lines comprises 1.2% of Zweig DiMenna Associates LLC’s holdings, making the stock its 23rd largest holding. Zweig DiMenna Associates LLC’s holdings in Delta Air Lines were worth $16,263,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of DAL. Future Financial Wealth Managment LLC acquired a new stake in shares of Delta Air Lines during the third quarter worth $25,000. Kimelman & Baird LLC acquired a new stake in shares of Delta Air Lines during the second quarter worth $31,000. Ashton Thomas Securities LLC acquired a new stake in shares of Delta Air Lines during the third quarter worth $31,000. Modus Advisors LLC acquired a new stake in shares of Delta Air Lines during the fourth quarter worth $33,000. Finally, Harbor Investment Advisory LLC increased its position in shares of Delta Air Lines by 217.1% during the fourth quarter. Harbor Investment Advisory LLC now owns 555 shares of the transportation company’s stock worth $34,000 after buying an additional 380 shares during the period. Institutional investors own 69.93% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price objective 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. Sanford C. Bernstein raised their price target on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Bank of America raised their price target on shares of Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Susquehanna raised their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Finally, StockNews.com upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $78.22.

Delta Air Lines Stock Down 0.3 %

DAL opened at $67.27 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. The company’s 50-day moving average is $63.06 and its 200 day moving average is $52.94. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two week high of $69.98. The firm has a market capitalization of $43.41 billion, a P/E ratio of 12.55, a PEG ratio of 0.79 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The company had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. During the same period last year, the firm earned $1.28 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. Research analysts expect that Delta Air Lines, Inc. will post 7.67 earnings per share for the current fiscal year.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the sale, the chief executive officer now owns 439,819 shares of the company’s stock, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 directly owns 19,756 shares in the company, valued at approximately $1,197,608.72. This represents a 52.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 217,429 shares of company stock valued at $13,755,259 over the last ninety days. Corporate insiders own 0.96% of the company’s stock.

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.