Oakbrook Investments LLC reduced its stake in Delta Air Lines, Inc. (NYSE:DAL) by 9.2% during the 4th quarter, Holdings Channel reports. The fund owned 47,750 shares of the transportation company’s stock after selling 4,850 shares during the quarter. Oakbrook Investments LLC’s holdings in Delta Air Lines were worth $2,674,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Roundview Capital LLC lifted its holdings in shares of Delta Air Lines by 0.3% in the 2nd quarter. Roundview Capital LLC now owns 5,115 shares of the transportation company’s stock worth $275,000 after acquiring an additional 15 shares during the last quarter. Advisory Services Network LLC lifted its holdings in shares of Delta Air Lines by 3.0% in the 2nd quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock worth $137,000 after acquiring an additional 75 shares during the last quarter. Miles Capital Inc. lifted its holdings in shares of Delta Air Lines by 2.6% in the 2nd quarter. Miles Capital Inc. now owns 6,138 shares of the transportation company’s stock worth $330,000 after acquiring an additional 157 shares during the last quarter. IHT Wealth Management LLC lifted its holdings in shares of Delta Air Lines by 40.9% in the 2nd quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock worth $146,000 after acquiring an additional 220 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its holdings in shares of Delta Air Lines by 5.4% in the 2nd quarter. Moors & Cabot Inc. now owns 5,880 shares of the transportation company’s stock worth $316,000 after acquiring an additional 302 shares during the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

In other news, EVP Joanne D. Smith sold 894 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $56.50, for a total value of $50,511.00. Following the sale, the executive vice president now directly owns 72,393 shares in the company, valued at approximately $4,090,204.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Edward H. Bastian sold 73,211 shares of the firm’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $56.04, for a total transaction of $4,102,744.44. Following the completion of the sale, the chief executive officer now owns 338,719 shares in the company, valued at $18,981,812.76. The disclosure for this sale can be found here. Insiders sold a total of 249,197 shares of company stock worth $13,797,192 over the last 90 days. Company insiders own 0.37% of the company’s stock.

Several brokerages have recently commented on DAL. Stephens set a $67.00 price objective on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Monday, December 18th. Stifel Nicolaus reiterated a “buy” rating and set a $85.00 target price (up from $75.00) on shares of Delta Air Lines in a report on Wednesday, January 10th. UBS Group reiterated a “buy” rating and set a $62.00 target price (down from $65.00) on shares of Delta Air Lines in a report on Saturday, September 30th. Zacks Investment Research upgraded shares of Delta Air Lines from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Finally, Vetr lowered shares of Delta Air Lines from a “sell” rating to a “strong sell” rating and set a $45.16 target price on the stock. in a report on Wednesday, November 29th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $65.53.

Delta Air Lines, Inc. (NYSE DAL) traded up $0.07 during trading on Thursday, reaching $59.79. 2,382,344 shares of the company’s stock were exchanged, compared to its average volume of 10,688,082. The firm has a market cap of $42,640.00, a price-to-earnings ratio of 12.10 and a beta of 1.30. Delta Air Lines, Inc. has a 12 month low of $43.81 and a 12 month high of $60.79. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.42.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, January 11th. The transportation company reported $0.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.08. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.28%. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the business earned $0.82 EPS. The company’s revenue was up 8.3% on a year-over-year basis. analysts predict that Delta Air Lines, Inc. will post 6.4 EPS for the current year.

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About Delta Air Lines

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.

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

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