Westpac Banking Corp lessened its stake in Delta Air Lines, Inc. (NYSE:DAL – Get Rating) by 1.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 75,757 shares of the transportation company's stock after selling 1,303 shares during the period. Westpac Banking Corp's holdings in Delta Air Lines were worth $2,489,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Synovus Financial Corp grew its stake in shares of Delta Air Lines by 0.6% in the fourth quarter. Synovus Financial Corp now owns 53,765 shares of the transportation company's stock valued at $1,767,000 after buying an additional 334 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Delta Air Lines in the 4th quarter valued at about $6,016,000. Y.D. More Investments Ltd purchased a new stake in Delta Air Lines during the fourth quarter worth about $61,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Delta Air Lines during the fourth quarter worth about $32,000. Finally, Signature Wealth Management Partners LLC boosted its stake in shares of Delta Air Lines by 9.1% in the fourth quarter. Signature Wealth Management Partners LLC now owns 14,735 shares of the transportation company's stock valued at $484,000 after purchasing an additional 1,225 shares during the period. Hedge funds and other institutional investors own 66.47% of the company's stock.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 5,481 shares of the firm's stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $40.01, for a total transaction of $219,294.81. Following the transaction, the senior vice president now directly owns 8,720 shares of the company's stock, valued at approximately $348,887.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Delta Air Lines news, SVP William C. Carroll sold 5,481 shares of the firm's stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $40.01, for a total transaction of $219,294.81. Following the transaction, the senior vice president now directly owns 8,720 shares of the company's stock, valued at approximately $348,887.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David S. Taylor acquired 5,000 shares of the stock in a transaction on Wednesday, April 26th. The shares were acquired at an average cost of $32.83 per share, for a total transaction of $164,150.00. Following the completion of the transaction, the director now directly owns 25,360 shares in the company, valued at approximately $832,568.80. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 15,000 shares of company stock valued at $503,250 and have sold 33,451 shares valued at $1,276,344. Insiders own 0.84% of the company's stock.

Delta Air Lines Trading Up 2.9 %

NYSE DAL opened at $34.31 on Monday. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.47 and a quick ratio of 0.42. The firm's fifty day moving average price is $35.10 and its 200 day moving average price is $35.27. The company has a market capitalization of $22.05 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 0.18 and a beta of 1.25. Delta Air Lines, Inc. has a 12 month low of $27.20 and a 12 month high of $44.75.

Delta Air Lines (NYSE:DAL – Get Rating) last posted its earnings results on Thursday, April 13th. The transportation company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.04). The company had revenue of $12.76 billion during the quarter, compared to analysts' expectations of $12.25 billion. Delta Air Lines had a net margin of 3.51% and a return on equity of 56.49%. The company's quarterly revenue was up 36.5% on a year-over-year basis. During the same period last year, the business earned ($1.23) earnings per share. On average, sell-side analysts expect that Delta Air Lines, Inc. will post 5.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DAL shares. Bank of America reduced their target price on shares of Delta Air Lines from $43.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, April 14th. Jefferies Financial Group increased their target price on shares of Delta Air Lines from $40.00 to $45.00 in a report on Wednesday, January 11th. Argus upgraded shares of Delta Air Lines from a "hold" rating to a "buy" rating and set a $39.00 target price on the stock in a report on Thursday, January 5th. Raymond James increased their target price on shares of Delta Air Lines from $53.00 to $54.00 and gave the stock a "strong-buy" rating in a report on Monday, April 3rd. Finally, StockNews.com upgraded shares of Delta Air Lines from a "hold" rating to a "buy" rating in a report on Wednesday, April 26th. One analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $48.16.

Delta Air Lines Profile

(Get Rating)

Delta Air Lines, Inc engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment provides jet fuel to the airline segment.

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