Olstein Capital Management L.P. Trims Stock Position in Delta Air Lines, Inc. $DAL

Olstein Capital Management L.P. cut its stake in Delta Air Lines, Inc. (NYSE:DAL) by 18.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 134,000 shares of the transportation company’s stock after selling 30,000 shares during the quarter. Delta Air Lines comprises about 1.4% of Olstein Capital Management L.P.’s holdings, making the stock its 22nd biggest holding. Olstein Capital Management L.P.’s holdings in Delta Air Lines were worth $7,605,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of the stock. Private Trust Co. NA increased its position in shares of Delta Air Lines by 3.3% during the third quarter. Private Trust Co. NA now owns 5,493 shares of the transportation company’s stock valued at $312,000 after buying an additional 174 shares during the period. HBK Sorce Advisory LLC boosted its position in Delta Air Lines by 3.2% during the 3rd quarter. HBK Sorce Advisory LLC now owns 5,871 shares of the transportation company’s stock valued at $362,000 after acquiring an additional 181 shares in the last quarter. Foundations Investment Advisors LLC boosted its position in Delta Air Lines by 2.6% during the 2nd quarter. Foundations Investment Advisors LLC now owns 7,844 shares of the transportation company’s stock valued at $386,000 after acquiring an additional 196 shares in the last quarter. Ethic Inc. grew its holdings in shares of Delta Air Lines by 1.9% during the 3rd quarter. Ethic Inc. now owns 10,578 shares of the transportation company’s stock worth $600,000 after acquiring an additional 202 shares during the period. Finally, Nwam LLC raised its position in shares of Delta Air Lines by 3.1% in the 2nd quarter. Nwam LLC now owns 7,042 shares of the transportation company’s stock worth $377,000 after acquiring an additional 212 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Down 0.5%

NYSE:DAL opened at $69.05 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40. The firm has a market cap of $45.08 billion, a P/E ratio of 9.72, a P/E/G ratio of 1.24 and a beta of 1.38. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $72.34. The firm has a 50-day simple moving average of $64.16 and a two-hundred day simple moving average of $59.19.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. The firm had revenue of $8.40 billion for the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. Analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. HSBC lifted their price target on Delta Air Lines from $69.20 to $73.70 and gave the company a “buy” rating in a research report on Friday, October 10th. Deutsche Bank Aktiengesellschaft raised their price objective on Delta Air Lines from $63.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. boosted their target price on shares of Delta Air Lines from $72.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Cowen reaffirmed a “buy” rating on shares of Delta Air Lines in a research report on Thursday, December 4th. Finally, BNP Paribas Exane lifted their price target on shares of Delta Air Lines from $70.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, December 8th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $75.07.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 14,010 shares of the stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total transaction of $858,112.50. Following the sale, the senior vice president directly owned 15,816 shares in the company, valued at approximately $968,730. This trade represents a 46.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John E. Laughter sold 23,323 shares of the business’s stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $62.33, for a total value of $1,453,722.59. Following the completion of the transaction, the executive vice president owned 81,109 shares of the company’s stock, valued at $5,055,523.97. This represents a 22.33% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.88% of the company’s stock.

About Delta Air Lines

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.