International Assets Investment Management LLC Makes New $571,000 Investment in Delta Air Lines, Inc. (NYSE:DAL)

International Assets Investment Management LLC bought a new stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 9,671 shares of the transportation company's stock, valued at approximately $571,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Sanders Capital LLC increased its position in Delta Air Lines by 2.8% in the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company's stock worth $1,414,074,000 after purchasing an additional 749,099 shares during the period. Geode Capital Management LLC grew its position in shares of Delta Air Lines by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company's stock worth $789,452,000 after buying an additional 416,338 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Delta Air Lines by 12.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company's stock worth $471,330,000 after buying an additional 1,105,674 shares during the period. Pzena Investment Management LLC bought a new stake in shares of Delta Air Lines during the third quarter worth approximately $281,206,000. Finally, Castle Hook Partners LP acquired a new position in Delta Air Lines in the third quarter valued at approximately $189,296,000. Institutional investors own 69.93% of the company's stock.

Insider Activity at Delta Air Lines

In related news, EVP Allison C. Ausband sold 7,510 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total transaction of $470,276.20. Following the completion of the transaction, the executive vice president now directly owns 58,897 shares of the company's stock, valued at approximately $3,688,130.14. This represents a 11.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP William C. Carroll sold 21,530 shares of the business's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $60.62, for a total value of $1,305,148.60. Following the transaction, the senior vice president now directly owns 19,756 shares in the company, valued at $1,197,608.72. This trade represents a 52.15 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 136,809 shares of company stock valued at $7,871,765. Corporate insiders own 0.96% of the company's stock.

Wall Street Analyst Weigh In

DAL has been the subject of a number of analyst reports. Susquehanna lifted their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a "positive" rating in a report on Tuesday. Citigroup lifted their price objective on Delta Air Lines from $65.00 to $76.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Jefferies Financial Group increased their target price on Delta Air Lines from $58.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, November 11th. TD Cowen boosted their target price on Delta Air Lines from $59.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Finally, Sanford C. Bernstein increased their price target on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an "outperform" rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Delta Air Lines has an average rating of "Buy" and an average target price of $77.06.

Delta Air Lines Stock Up 9.1 %

DAL stock traded up $5.57 during trading hours on Friday, reaching $66.99. 27,203,925 shares of the stock were exchanged, compared to its average volume of 12,139,648. The firm's 50-day moving average is $62.27 and its 200-day moving average is $51.87. Delta Air Lines, Inc. has a 12 month low of $36.34 and a 12 month high of $68.99. The company has a market cap of $43.23 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 1.21 and a beta of 1.35. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.76 by $0.09. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The business had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. During the same period last year, the company earned $1.28 earnings per share. Delta Air Lines's quarterly revenue was up 9.4% on a year-over-year basis. On average, equities research analysts expect that Delta Air Lines, Inc. will post 6.08 earnings per share for the current year.

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.