Delta Air Lines, Inc. $DAL Shares Sold by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. trimmed its stake in Delta Air Lines, Inc. (NYSE:DAL) by 7.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 118,844 shares of the transportation company’s stock after selling 9,951 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Delta Air Lines were worth $6,744,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Delta Air Lines by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 74,572,577 shares of the transportation company’s stock valued at $3,667,479,000 after purchasing an additional 1,648,071 shares during the last quarter. State Street Corp raised its holdings in shares of Delta Air Lines by 2.6% during the second quarter. State Street Corp now owns 23,059,848 shares of the transportation company’s stock valued at $1,134,083,000 after buying an additional 581,421 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Delta Air Lines by 3.3% during the second quarter. Geode Capital Management LLC now owns 16,757,932 shares of the transportation company’s stock valued at $822,127,000 after buying an additional 527,570 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of Delta Air Lines during the second quarter worth approximately $386,364,000. Finally, Bank of New York Mellon Corp grew its holdings in Delta Air Lines by 5.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,214,853 shares of the transportation company’s stock worth $305,646,000 after buying an additional 299,308 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DAL. Wall Street Zen downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Wells Fargo & Company set a $87.00 price objective on shares of Delta Air Lines in a research note on Thursday, December 18th. Cowen reaffirmed a “buy” rating on shares of Delta Air Lines in a report on Thursday, December 4th. HSBC increased their target price on shares of Delta Air Lines from $69.20 to $73.70 and gave the company a “buy” rating in a research report on Friday, October 10th. Finally, Susquehanna boosted their price target on shares of Delta Air Lines from $68.00 to $70.00 and gave the stock a “positive” rating in a research report on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $75.07.

Insider Buying and Selling at Delta Air Lines

In related news, SVP William C. Carroll sold 14,010 shares of Delta Air Lines 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 transaction, the senior vice president directly owned 15,816 shares in the company, valued at $968,730. The trade was a 46.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 sale, the executive vice president directly owned 81,109 shares in the company, valued at $5,055,523.97. This trade represents a 22.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.96% of the stock is currently owned by corporate insiders.

Delta Air Lines Price Performance

Shares of NYSE DAL opened at $69.42 on Tuesday. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $72.34. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $45.33 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 1.55 and a beta of 1.37. The firm has a 50-day moving average of $63.46 and a two-hundred day moving average of $58.75.

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

Delta Air Lines 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.