First National Trust Co Reduces Position in Delta Air Lines, Inc. (DAL)

First National Trust Co lowered its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 21.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 23,782 shares of the transportation company’s stock after selling 6,566 shares during the quarter. First National Trust Co’s holdings in Delta Air Lines were worth $1,331,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in DAL. Mountain Capital Investment Advisors Inc bought a new position in Delta Air Lines during the second quarter worth $114,000. BB&T Investment Services Inc. bought a new position in Delta Air Lines during the second quarter worth $128,000. Advisory Services Network LLC increased its position in Delta Air Lines by 3.0% during the second quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock worth $137,000 after acquiring an additional 75 shares during the period. IHT Wealth Management LLC increased its position in Delta Air Lines by 40.9% during the second quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock worth $146,000 after acquiring an additional 220 shares during the period. Finally, Blue Granite Capital LLC bought a new position in Delta Air Lines during the third quarter worth $162,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have issued reports on DAL. Imperial Capital reissued an “outperform” rating and issued a $65.00 price target (up previously from $63.00) on shares of Delta Air Lines in a report on Friday, January 12th. Sanford C. Bernstein set a $67.00 price target on shares of Delta Air Lines and gave the company a “buy” rating in a report on Wednesday, January 10th. Stephens reissued a “buy” rating and issued a $72.00 price target on shares of Delta Air Lines in a report on Wednesday, January 10th. Stifel Nicolaus reissued a “buy” rating and issued a $85.00 price target (up previously from $75.00) on shares of Delta Air Lines in a report on Wednesday, January 10th. Finally, Vetr raised shares of Delta Air Lines from a “strong sell” rating to a “sell” rating and set a $49.97 price target on the stock in a report on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $65.53.

Shares of Delta Air Lines, Inc. (NYSE DAL) opened at $59.45 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.47. Delta Air Lines, Inc. has a fifty-two week low of $43.81 and a fifty-two week high of $60.79. The firm has a market cap of $42,390.00, a PE ratio of 12.03, a PEG ratio of 0.80 and a beta of 1.30.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.08. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.28%. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. research analysts expect that Delta Air Lines, Inc. will post 6.42 earnings per share for the current year.

In related news, EVP Joanne D. Smith sold 894 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $56.50, for a total transaction of $50,511.00. Following the transaction, the executive vice president now owns 72,393 shares in the company, valued at approximately $4,090,204.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Joanne D. Smith sold 24,250 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $59.03, for a total transaction of $1,431,477.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 322,809 shares of company stock worth $18,200,262. 0.37% of the stock is owned by insiders.

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About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DAL).

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

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