Delta Air Lines, Inc. (NYSE:DAL) Shares Acquired by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC increased its stake in Delta Air Lines, Inc. (NYSE:DAL – Get Rating) by 0.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,775 shares of the transportation company’s stock after acquiring an additional 254 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Delta Air Lines were worth $2,203,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. State of New Jersey Common Pension Fund D grew its holdings in shares of Delta Air Lines by 13.8% during the third quarter. State of New Jersey Common Pension Fund D now owns 122,540 shares of the transportation company’s stock valued at $5,221,000 after buying an additional 14,816 shares in the last quarter. Huntington National Bank grew its holdings in shares of Delta Air Lines by 17.1% during the third quarter. Huntington National Bank now owns 8,649 shares of the transportation company’s stock valued at $369,000 after buying an additional 1,265 shares in the last quarter. Destiny Wealth Partners LLC purchased a new position in shares of Delta Air Lines during the third quarter valued at $43,000. Illinois Municipal Retirement Fund grew its holdings in shares of Delta Air Lines by 60.4% during the third quarter. Illinois Municipal Retirement Fund now owns 9,283 shares of the transportation company’s stock valued at $396,000 after buying an additional 3,494 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Delta Air Lines by 12.0% during the third quarter. Signaturefd LLC now owns 36,319 shares of the transportation company’s stock valued at $1,548,000 after buying an additional 3,904 shares in the last quarter. Institutional investors and hedge funds own 62.86% of the company’s stock.

Shares of NYSE DAL traded up $1.45 during trading hours on Tuesday, hitting $43.58. 464,139 shares of the company’s stock were exchanged, compared to its average volume of 15,597,710. Delta Air Lines, Inc. has a 1-year low of $29.75 and a 1-year high of $48.54. The company has a debt-to-equity ratio of 8.17, a current ratio of 0.65 and a quick ratio of 0.60. The stock has a market capitalization of $27.89 billion, a price-to-earnings ratio of 53.33 and a beta of 1.20. The company’s 50-day moving average price is $38.62 and its 200-day moving average price is $39.47.

Delta Air Lines (NYSE:DAL – Get Rating) last posted its quarterly earnings data on Wednesday, April 13th. The transportation company reported ($1.23) earnings per share for the quarter, topping the consensus estimate of ($1.27) by $0.04. Delta Air Lines had a negative return on equity of 41.80% and a net margin of 1.47%. The business had revenue of $9.35 billion during the quarter, compared to analysts’ expectations of $8.99 billion. During the same quarter in the previous year, the firm earned ($3.55) EPS. The firm’s revenue was up 125.3% compared to the same quarter last year. On average, research analysts expect that Delta Air Lines, Inc. will post 1.38 earnings per share for the current year.

In other Delta Air Lines news, EVP Joanne D. Smith sold 6,098 shares of the company’s stock in a transaction on Thursday, April 14th. The stock was sold at an average price of $41.99, for a total value of $256,055.02. Following the sale, the executive vice president now directly owns 129,881 shares in the company, valued at $5,453,703.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP William C. Carroll sold 3,580 shares of the stock in a transaction on Wednesday, February 2nd. The stock was sold at an average price of $40.08, for a total value of $143,486.40. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

A number of research analysts have recently weighed in on DAL shares. TheStreet downgraded Delta Air Lines from a “c” rating to a “d+” rating in a report on Thursday, January 13th. Bank of America lifted their price objective on Delta Air Lines from $47.00 to $50.00 in a research report on Thursday, April 14th. The Goldman Sachs Group lifted their price objective on Delta Air Lines from $39.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, April 14th. Barclays raised Delta Air Lines from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $42.00 to $60.00 in a research report on Thursday, April 14th. Finally, Jefferies Financial Group lifted their price objective on Delta Air Lines from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, January 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Delta Air Lines presently has an average rating of “Buy” and an average target price of $52.47.

About Delta Air Lines (Get Rating)

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, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.

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