Deltec Asset Management LLC decreased its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 65.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,000 shares of the transportation company’s stock after selling 86,082 shares during the quarter. Deltec Asset Management LLC’s holdings in Delta Air Lines were worth $2,246,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in DAL. Schroder Investment Management Group lifted its position in Delta Air Lines by 2,963.6% in the 2nd quarter. Schroder Investment Management Group now owns 352,344 shares of the transportation company’s stock valued at $17,547,000 after acquiring an additional 340,843 shares in the last quarter. Andra AP fonden lifted its position in shares of Delta Air Lines by 24.0% during the 2nd quarter. Andra AP fonden now owns 74,800 shares of the transportation company’s stock worth $3,706,000 after buying an additional 14,500 shares in the last quarter. Royal London Asset Management Ltd. bought a new position in shares of Delta Air Lines during the 2nd quarter worth approximately $3,797,000. Old Port Advisors bought a new position in shares of Delta Air Lines during the 2nd quarter worth approximately $218,000. Finally, United Services Automobile Association lifted its position in shares of Delta Air Lines by 18.2% during the 2nd quarter. United Services Automobile Association now owns 487,052 shares of the transportation company’s stock worth $24,129,000 after buying an additional 75,019 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Edward H. Bastian sold 60,000 shares of Delta Air Lines stock in a transaction that occurred on Thursday, December 27th. The shares were sold at an average price of $50.00, for a total value of $3,000,000.00. Following the completion of the transaction, the chief executive officer now directly owns 326,943 shares in the company, valued at approximately $16,347,150. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George N. Mattson acquired 4,000 shares of Delta Air Lines stock in a transaction that occurred on Thursday, December 20th. The stock was acquired at an average price of $50.91 per share, with a total value of $203,640.00. Following the completion of the purchase, the director now directly owns 72,530 shares in the company, valued at approximately $3,692,502.30. The disclosure for this purchase can be found here. 0.33% of the stock is currently owned by insiders.

Several research firms have commented on DAL. Zacks Investment Research cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Friday, January 4th. Macquarie set a $69.00 price target on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Monday, October 8th. Credit Suisse Group set a $67.00 price target on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Wednesday, January 16th. ValuEngine cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Finally, Bank of America set a $67.00 price target on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Wednesday, October 3rd. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $67.22.

Shares of NYSE:DAL traded up $0.20 during mid-day trading on Wednesday, reaching $47.30. The company had a trading volume of 579,910 shares, compared to its average volume of 7,624,303. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $32.99 billion, a PE ratio of 8.37, a price-to-earnings-growth ratio of 0.56 and a beta of 1.13. Delta Air Lines, Inc. has a one year low of $45.08 and a one year high of $61.32.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Tuesday, January 15th. The transportation company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.03. Delta Air Lines had a net margin of 8.78% and a return on equity of 29.43%. The business had revenue of $10.74 billion during the quarter, compared to analyst estimates of $10.71 billion. During the same period in the previous year, the business earned $0.96 EPS. Delta Air Lines’s revenue was up 5.0% compared to the same quarter last year. Research analysts predict that Delta Air Lines, Inc. will post 6.52 earnings per share for the current year.

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Delta Air Lines 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 route network is centered on a system of hubs, international gateways, and airports 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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