180 Wealth Advisors LLC Has $692,000 Holdings in Delta Air Lines, Inc. $DAL

180 Wealth Advisors LLC cut its position in Delta Air Lines, Inc. (NYSE:DAL) by 44.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,192 shares of the transportation company’s stock after selling 9,867 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Delta Air Lines were worth $692,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Burns Matteson Capital Management LLC acquired a new position in shares of Delta Air Lines during the 3rd quarter worth about $494,000. Regent Peak Wealth Advisors LLC bought a new position in Delta Air Lines during the third quarter worth about $4,005,000. HBK Sorce Advisory LLC increased its position in Delta Air Lines by 3.2% during the third quarter. HBK Sorce Advisory LLC now owns 5,871 shares of the transportation company’s stock worth $362,000 after buying an additional 181 shares during the last quarter. CWM LLC increased its position in Delta Air Lines by 8.4% during the third quarter. CWM LLC now owns 187,660 shares of the transportation company’s stock worth $10,650,000 after buying an additional 14,503 shares during the last quarter. Finally, Inspire Investing LLC bought a new stake in Delta Air Lines in the third quarter valued at approximately $1,017,000. 69.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP John E. Laughter sold 23,323 shares of the company’s stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the transaction, the executive vice president directly owned 81,109 shares of the company’s stock, valued at approximately $5,055,523.97. This represents a 22.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $858,112.50. Following the completion of the transaction, the senior vice president owned 15,816 shares in the company, valued at approximately $968,730. This represents a 46.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

DAL has been the topic of several research analyst reports. Wall Street Zen lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Cowen reissued a “buy” rating on shares of Delta Air Lines in a report on Thursday, December 4th. BNP Paribas Exane raised their price objective on shares of Delta Air Lines from $70.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, December 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Delta Air Lines in a research report on Wednesday, October 8th. Finally, UBS Group assumed coverage on Delta Air Lines in a research note on Friday, December 12th. They set a “buy” rating and a $90.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company’s stock. According to MarketBeat.com, Delta Air Lines presently has an average rating of “Buy” and a consensus target price of $75.07.

Delta Air Lines Price Performance

DAL stock opened at $70.86 on Monday. The company has a 50 day simple moving average of $63.30 and a 200 day simple moving average of $58.60. The stock has a market cap of $46.27 billion, a price-to-earnings ratio of 9.98, a P/E/G ratio of 1.55 and a beta of 1.37. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $72.34. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.40 and a quick ratio of 0.34.

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

Delta Air Lines Company Profile

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.