Assenagon Asset Management S.A. Lowers Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Assenagon Asset Management S.A. lowered its stake in Delta Air Lines, Inc. (NYSE:DAL) by 90.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,548 shares of the transportation company’s stock after selling 282,723 shares during the period. Assenagon Asset Management S.A.’s holdings in Delta Air Lines were worth $1,727,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DAL. Senator Investment Group LP lifted its stake in shares of Delta Air Lines by 90.0% in the second quarter. Senator Investment Group LP now owns 475,000 shares of the transportation company’s stock worth $22,534,000 after buying an additional 225,000 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in Delta Air Lines by 5.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 268,636 shares of the transportation company’s stock worth $13,644,000 after acquiring an additional 13,802 shares during the last quarter. KBC Group NV lifted its position in 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 acquiring an additional 33,378 shares in the last quarter. Olstein Capital Management L.P. boosted its stake in Delta Air Lines by 32.6% during the 3rd quarter. Olstein Capital Management L.P. now owns 175,000 shares of the transportation company’s stock valued at $8,888,000 after purchasing an additional 43,000 shares during the last quarter. Finally, River Road Asset Management LLC increased its holdings in shares of 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 worth $6,634,000 after purchasing an additional 24,249 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Down 0.5 %

NYSE DAL opened at $67.41 on Friday. Delta Air Lines, Inc. has a 12-month low of $37.29 and a 12-month high of $69.98. The company has a fifty day simple moving average of $63.06 and a two-hundred day simple moving average of $52.94. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The stock has a market cap of $43.50 billion, a P/E ratio of 12.65, a P/E/G ratio of 0.80 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.09. The firm had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the business posted $1.28 earnings per share. On average, analysts forecast that Delta Air Lines, Inc. will post 7.67 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. 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 research report on Monday, November 11th. The Goldman Sachs Group reissued a “buy” rating and set a $83.00 price objective on shares of Delta Air Lines in a report on Friday, November 15th. JPMorgan Chase & Co. raised their target price on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. 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. Finally, Susquehanna raised their price target on Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. Fourteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $78.22.

Insiders Place Their Bets

In other Delta Air Lines news, SVP William C. Carroll sold 8,400 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $66.02, for a total value of $554,568.00. Following the completion of the sale, the senior vice president now owns 19,756 shares in the company, valued at approximately $1,304,291.12. This represents a 29.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 68,000 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $56.33, for a total value of $3,830,440.00. Following the transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at $24,775,004.27. This trade represents a 13.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 217,429 shares of company stock worth $13,755,259. 0.96% of the stock is owned by corporate insiders.

Delta Air Lines Company Profile

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.