KBC Group NV Grows Holdings in Delta Air Lines, Inc. (NYSE:DAL)

KBC Group NV lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 27.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,377 shares of the transportation company's stock after purchasing an additional 15,766 shares during the quarter. KBC Group NV's holdings in Delta Air Lines were worth $4,379,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of DAL. Creative Planning lifted its stake in shares of Delta Air Lines by 3.1% in the 2nd quarter. Creative Planning now owns 165,474 shares of the transportation company's stock worth $7,850,000 after acquiring an additional 4,996 shares during the period. Quarry LP acquired a new stake in Delta Air Lines in the second quarter valued at about $41,000. EP Wealth Advisors LLC boosted its holdings in Delta Air Lines by 10.6% in the 2nd quarter. EP Wealth Advisors LLC now owns 6,684 shares of the transportation company's stock valued at $317,000 after purchasing an additional 643 shares in the last quarter. Truist Financial Corp boosted its holdings in Delta Air Lines by 20.6% in the 2nd quarter. Truist Financial Corp now owns 179,211 shares of the transportation company's stock valued at $8,502,000 after purchasing an additional 30,599 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in Delta Air Lines by 0.9% during the 2nd quarter. Cetera Investment Advisers now owns 220,621 shares of the transportation company's stock worth $10,466,000 after purchasing an additional 2,055 shares during the period. 69.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DAL. Citigroup raised their price target on Delta Air Lines from $65.00 to $76.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. TD Cowen boosted their target price on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. UBS Group reaffirmed a "buy" rating and set a $88.00 price target on shares of Delta Air Lines in a research note on Tuesday, November 26th. The Goldman Sachs Group reiterated a "buy" rating and issued a $83.00 price objective on shares of Delta Air Lines in a research note on Friday, November 15th. Finally, Barclays upped their target price on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. Fourteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Delta Air Lines presently has a consensus rating of "Buy" and an average price target of $78.22.

Delta Air Lines Price Performance

Shares of DAL traded down $1.33 during trading hours on Friday, reaching $67.24. 4,481,647 shares of the company traded hands, compared to its average volume of 8,763,681. The stock has a fifty day simple moving average of $63.51 and a 200 day simple moving average of $53.80. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two week high of $69.98. The stock has a market capitalization of $43.39 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 0.80 and a beta of 1.35. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The company's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.28 earnings per share. As a group, research analysts predict that Delta Air Lines, Inc. will post 7.67 EPS for the current fiscal year.

Insiders Place Their Bets

In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of Delta Air Lines stock in a transaction on Friday, November 8th. The shares were 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 owns 19,756 shares in the company, valued at $1,197,608.72. This trade represents a 52.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Edward H. Bastian sold 91,710 shares of the company's stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total value of $6,405,943.50. Following the sale, the chief executive officer now owns 439,819 shares of the company's stock, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 129,150 shares of company stock valued at $8,735,936. Company insiders own 0.96% of the company's stock.

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.