Swedbank AB lowered its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 13.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,420 shares of the transportation company's stock after selling 16,017 shares during the period. Swedbank AB's holdings in Delta Air Lines were worth $6,075,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. increased its stake in Delta Air Lines by 5.4% in the third quarter. Crossmark Global Holdings Inc. now owns 268,636 shares of the transportation company's stock valued at $13,644,000 after acquiring an additional 13,802 shares during the period. KBC Group NV grew its stake in shares of Delta Air Lines by 143.7% in the 3rd quarter. KBC Group NV now owns 56,611 shares of the transportation company's stock valued at $2,876,000 after purchasing an additional 33,378 shares during the period. Olstein Capital Management L.P. raised its holdings in shares of Delta Air Lines by 32.6% in the 3rd quarter. Olstein Capital Management L.P. now owns 175,000 shares of the transportation company's stock worth $8,888,000 after buying an additional 43,000 shares in the last quarter. Donoghue Forlines LLC bought a new position in shares of Delta Air Lines during the 4th quarter worth approximately $2,036,000. Finally, River Road Asset Management LLC boosted its stake in Delta Air Lines by 22.8% in the 3rd quarter. River Road Asset Management LLC now owns 130,608 shares of the transportation company's stock valued at $6,634,000 after buying an additional 24,249 shares in the last quarter. Institutional investors own 69.93% of the company's stock.
Several equities research analysts have recently commented on the stock. Bank of America boosted their target price on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, October 11th. TD Cowen boosted their price target on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a "buy" rating in a research report on Monday, January 13th. StockNews.com raised shares of Delta Air Lines from a "hold" rating to a "buy" rating in a report on Monday, January 13th. Jefferies Financial Group boosted their target price on Delta Air Lines from $58.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Delta Air Lines from $60.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Delta Air Lines currently has an average rating of "Buy" and a consensus price target of $78.22.
Get Our Latest Analysis on Delta Air Lines
In related news, SVP William C. Carroll sold 8,400 shares of the business's stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $66.02, for a total transaction of $554,568.00. Following the completion of the transaction, the senior vice president now owns 19,756 shares in the company, valued at approximately $1,304,291.12. The trade was a 29.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Edward H. Bastian sold 91,710 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the completion of the sale, the chief executive officer now owns 439,819 shares in the company, valued at approximately $30,721,357.15. This trade represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 129,150 shares of company stock worth $8,735,936. 0.96% of the stock is owned by insiders.
Delta Air Lines stock opened at $67.24 on Friday. The company has a market cap of $43.39 billion, a PE ratio of 12.62, a PEG ratio of 0.80 and a beta of 1.35. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98. The company's 50-day moving average is $63.59 and its two-hundred day moving average is $53.97.
Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.76 by $0.09. The firm had revenue of $15.56 billion for the quarter, compared to analysts' expectations of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The business's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $1.28 earnings per share. Equities analysts anticipate that Delta Air Lines, Inc. will post 7.67 earnings per share for the current year.
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.
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