Bremer Trust National Association Cuts Holdings in Delta Air Lines, Inc. (DAL)

Bremer Trust National Association lessened its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,604 shares of the transportation company’s stock after selling 1,545 shares during the quarter. Bremer Trust National Association’s holdings in Delta Air Lines were worth $1,882,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DAL. Mountain Capital Investment Advisors Inc bought a new position in Delta Air Lines during the second quarter worth about $114,000. BB&T Investment Services Inc. bought a new position in shares of Delta Air Lines in the second quarter valued at approximately $128,000. Advisory Services Network LLC boosted its position in shares of Delta Air Lines by 3.0% in the second quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 75 shares during the period. IHT Wealth Management LLC boosted its position in shares of Delta Air Lines by 40.9% in the second quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock valued at $146,000 after acquiring an additional 220 shares during the period. Finally, Blue Granite Capital LLC bought a new position in shares of Delta Air Lines in the third quarter valued at approximately $162,000. Hedge funds and other institutional investors own 85.01% of the company’s stock.

A number of research firms have recently commented on DAL. Sanford C. Bernstein set a $67.00 price objective on shares of Delta Air Lines and gave the company a “buy” rating in a research report on Wednesday. Imperial Capital set a $65.00 price objective on shares of Delta Air Lines and gave the company an “outperform” rating in a research report on Friday. Stephens restated a “buy” rating and issued a $72.00 price objective on shares of Delta Air Lines in a research report on Wednesday. Stifel Nicolaus restated a “buy” rating and issued a $85.00 price objective (up from $75.00) on shares of Delta Air Lines in a research report on Wednesday. Finally, Cowen cut their price objective on shares of Delta Air Lines from $60.00 to $58.00 and set an “outperform” rating for the company in a research report on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $65.53.

Shares of Delta Air Lines, Inc. (DAL) traded up $1.31 on Friday, reaching $59.83. 12,265,121 shares of the company were exchanged, compared to its average volume of 11,043,434. The stock has a market capitalization of $42,660.00, a P/E ratio of 12.11, a P/E/G ratio of 1.79 and a beta of 1.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.43 and a quick ratio of 0.36. Delta Air Lines, Inc. has a 1-year low of $43.81 and a 1-year high of $60.50.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. Delta Air Lines’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the firm posted $0.82 earnings per share. research analysts anticipate that Delta Air Lines, Inc. will post 4.89 EPS for the current year.

In related news, President Glen W. Hauenstein sold 31,600 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $55.83, for a total value of $1,764,228.00. Following the sale, the president now directly owns 204,018 shares of the company’s stock, valued at $11,390,324.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter W. Carter sold 19,809 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $50.42, for a total transaction of $998,769.78. Following the completion of the sale, the executive vice president now directly owns 67,077 shares in the company, valued at $3,382,022.34. The disclosure for this sale can be found here. Insiders sold 249,197 shares of company stock worth $13,797,192 over the last ninety days. 0.37% of the stock is currently owned by insiders.

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Delta Air Lines Profile

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.

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

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