Miles Capital Inc. Sells 220 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Miles Capital Inc. decreased its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 1.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,850 shares of the transportation company’s stock after selling 220 shares during the quarter. Miles Capital Inc.’s holdings in Delta Air Lines were worth $985,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DAL. Capital Investment Advisors LLC raised its position in shares of Delta Air Lines by 45.4% in the fourth quarter. Capital Investment Advisors LLC now owns 9,364 shares of the transportation company’s stock valued at $548,000 after buying an additional 2,924 shares in the last quarter. Brave Asset Management Inc. grew its position in Delta Air Lines by 4.6% during the fourth quarter. Brave Asset Management Inc. now owns 6,775 shares of the transportation company’s stock worth $396,000 after buying an additional 300 shares in the last quarter. Inlet Private Wealth LLC grew its position in Delta Air Lines by 11.0% during the fourth quarter. Inlet Private Wealth LLC now owns 116,500 shares of the transportation company’s stock worth $6,813,000 after buying an additional 11,572 shares in the last quarter. Huntington National Bank grew its position in Delta Air Lines by 14.9% during the fourth quarter. Huntington National Bank now owns 3,911 shares of the transportation company’s stock worth $229,000 after buying an additional 507 shares in the last quarter. Finally, Altium Wealth Management LLC increased its stake in Delta Air Lines by 32.3% during the 4th quarter. Altium Wealth Management LLC now owns 5,670 shares of the transportation company’s stock worth $332,000 after acquiring an additional 1,383 shares during the period. 87.26% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on the company. Barclays set a $65.00 target price on Delta Air Lines and gave the company a “buy” rating in a research report on Thursday, October 10th. Wolfe Research lowered Delta Air Lines from an “outperform” rating to a “peer perform” rating in a report on Monday, January 13th. Macquarie set a $62.00 price target on Delta Air Lines and gave the stock a “buy” rating in a research report on Friday, October 11th. Raymond James dropped their price target on 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, Credit Suisse Group dropped their price target on Delta Air Lines from $72.00 to $71.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $66.94.

In other news, CEO Edward H. Bastian sold 30,236 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $57.55, for a total value of $1,740,081.80. Following the completion of the transaction, the chief executive officer now owns 323,955 shares of the company’s stock, valued at $18,643,610.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.47% of the stock is currently owned by insiders.

Shares of DAL traded down $1.80 during midday trading on Tuesday, hitting $60.23. The company’s stock had a trading volume of 395,834 shares, compared to its average volume of 5,391,458. The company has a quick ratio of 0.35, a current ratio of 0.41 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a one year low of $46.84 and a one year high of $63.44. The stock has a market capitalization of $40.12 billion, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 0.61 and a beta of 1.11. The company’s fifty day simple moving average is $58.50 and its two-hundred day simple moving average is $57.89.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Tuesday, January 14th. The transportation company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.30. The business had revenue of $11.44 billion during the quarter, compared to the consensus estimate of $11.37 billion. Delta Air Lines had a return on equity of 33.28% and a net margin of 10.14%. Delta Air Lines’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.30 EPS. On average, research analysts predict that Delta Air Lines, Inc. will post 7.26 earnings per share for the current year.

Delta Air Lines 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 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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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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