Generali Asset Management SPA SGR Purchases Shares of 48,824 Delta Air Lines, Inc. (NYSE:DAL)

Generali Asset Management SPA SGR purchased a new stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 48,824 shares of the transportation company's stock, valued at approximately $2,954,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Pzena Investment Management LLC acquired a new position in shares of Delta Air Lines during the third quarter worth approximately $281,206,000. Castle Hook Partners LP bought a new position in Delta Air Lines in the 3rd quarter valued at $189,296,000. Raymond James Financial Inc. acquired a new stake in shares of Delta Air Lines in the 4th quarter valued at $64,577,000. Sanders Capital LLC raised its position in shares of Delta Air Lines by 2.8% during the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company's stock worth $1,414,074,000 after acquiring an additional 749,099 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its stake in shares of Delta Air Lines by 325.7% during the fourth quarter. Retirement Systems of Alabama now owns 592,808 shares of the transportation company's stock valued at $35,865,000 after acquiring an additional 453,547 shares during the period. Institutional investors and hedge funds own 69.93% of the company's stock.

Insider Buying and Selling

In other news, EVP Rahul D. Samant sold 17,970 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total value of $1,241,367.60. Following the completion of the transaction, the executive vice president now owns 35,889 shares in the company, valued at $2,479,212.12. This trade represents a 33.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP William C. Carroll sold 8,400 shares of the company's stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $66.02, for a total value of $554,568.00. Following the sale, the senior vice president now owns 19,756 shares in the company, valued at $1,304,291.12. The trade was a 29.83 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is owned by corporate insiders.

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Analyst Ratings Changes

Several analysts have weighed in on DAL shares. Citigroup dropped their price objective on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. StockNews.com upgraded shares of Delta Air Lines from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Barclays lowered their target price on shares of Delta Air Lines from $90.00 to $80.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Susquehanna increased their price target on Delta Air Lines from $59.00 to $75.00 and gave the company a "positive" rating in a research note on Tuesday, January 7th. Finally, TD Cowen lifted their price objective on Delta Air Lines from $78.00 to $90.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Fourteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $76.29.

Delta Air Lines Stock Up 4.5 %

NYSE DAL traded up $2.12 during trading hours on Monday, reaching $48.89. 9,834,112 shares of the company's stock were exchanged, compared to its average volume of 8,799,866. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. Delta Air Lines, Inc. has a one year low of $37.29 and a one year high of $69.98. The company's 50-day moving average is $60.80 and its two-hundred day moving average is $58.25. The company has a market capitalization of $31.61 billion, a price-to-earnings ratio of 9.17, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.09. The business had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The firm's quarterly revenue was up 9.4% on a year-over-year basis. 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 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.23%. Delta Air Lines's payout ratio is presently 11.26%.

About Delta Air Lines

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.