10,890 Shares in Delta Air Lines, Inc. $DAL Bought by Retireful LLC

Retireful LLC bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 10,890 shares of the transportation company’s stock, valued at approximately $618,000.

Several other institutional investors and hedge funds have also modified their holdings of DAL. Savant Capital LLC raised its stake in shares of Delta Air Lines by 84.0% in the 2nd quarter. Savant Capital LLC now owns 181,995 shares of the transportation company’s stock valued at $8,951,000 after purchasing an additional 83,072 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of Delta Air Lines by 39.8% during the second quarter. Thrivent Financial for Lutherans now owns 2,407,585 shares of the transportation company’s stock worth $118,409,000 after buying an additional 685,312 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Delta Air Lines by 8.8% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 825,916 shares of the transportation company’s stock valued at $40,619,000 after buying an additional 67,002 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Delta Air Lines in the 2nd quarter valued at approximately $15,138,000. Finally, Board of the Pension Protection Fund bought a new stake in Delta Air Lines in the 3rd quarter valued at approximately $1,141,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Trading Down 0.1%

Shares of Delta Air Lines stock opened at $70.86 on Monday. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $72.34. The company has a market capitalization 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. The business has a fifty day simple moving average of $63.30 and a two-hundred day simple moving average of $58.60. 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 posted its earnings results 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 net margin of 7.36% and a return on equity of 23.83%. Research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Insider Buying and Selling at Delta Air Lines

In related news, EVP John E. Laughter sold 23,323 shares of the company’s stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total value of $1,453,722.59. Following the transaction, the executive vice president directly owned 81,109 shares in the company, valued at approximately $5,055,523.97. This represents a 22.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP William C. Carroll sold 14,010 shares of Delta Air Lines stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total transaction of $858,112.50. Following the completion of the sale, the senior vice president owned 15,816 shares of the company’s stock, valued at $968,730. This trade represents a 46.97% decrease in their position. The SEC filing for this sale provides additional information. 0.96% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. HSBC raised their price target on shares of Delta Air Lines from $69.20 to $73.70 and gave the stock a “buy” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. increased their price objective on shares of Delta Air Lines from $72.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Deutsche Bank Aktiengesellschaft raised their price objective on Delta Air Lines from $63.00 to $72.00 and gave the company a “buy” rating in a report on Friday, October 10th. BNP Paribas Exane increased their price target on Delta Air Lines from $70.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, December 8th. Finally, Cowen reiterated a “buy” rating on shares of Delta Air Lines in a research note on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $75.07.

About Delta Air Lines

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.