Nordea Investment Management AB Has $1.05 Million Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Nordea Investment Management AB lessened its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 37.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,349 shares of the transportation company's stock after selling 10,312 shares during the quarter. Nordea Investment Management AB's holdings in Delta Air Lines were worth $1,054,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Everence Capital Management Inc. increased its stake in Delta Air Lines by 22.9% in the 4th quarter. Everence Capital Management Inc. now owns 23,530 shares of the transportation company's stock valued at $1,424,000 after buying an additional 4,380 shares during the period. Modus Advisors LLC purchased a new position in shares of Delta Air Lines during the 4th quarter valued at $33,000. GAMMA Investing LLC increased its stake in shares of Delta Air Lines by 22.3% in the fourth quarter. GAMMA Investing LLC now owns 9,241 shares of the transportation company's stock worth $559,000 after acquiring an additional 1,683 shares during the last quarter. Versant Capital Management Inc boosted its position in Delta Air Lines by 829.2% during the fourth quarter. Versant Capital Management Inc now owns 604 shares of the transportation company's stock valued at $37,000 after purchasing an additional 539 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in Delta Air Lines by 2.6% in the third quarter. Principal Financial Group Inc. now owns 742,773 shares of the transportation company's stock valued at $37,725,000 after purchasing an additional 19,124 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company's stock.

Delta Air Lines Stock Performance

Shares of NYSE DAL opened at $66.99 on Monday. Delta Air Lines, Inc. has a 12 month low of $36.34 and a 12 month high of $68.99. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05. The company has a market cap of $43.23 billion, a P/E ratio of 9.30, a P/E/G ratio of 1.21 and a beta of 1.35. The business's 50 day moving average is $62.27 and its two-hundred day moving average is $51.90.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Bank of America raised their price target on Delta Air Lines from $55.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, October 11th. Jefferies Financial Group lifted their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. TD Cowen lifted their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Finally, Barclays increased 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. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $77.06.

Insider Activity at Delta Air Lines

In other news, CEO Edward H. Bastian sold 68,000 shares of Delta Air Lines stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $56.33, for a total transaction of $3,830,440.00. Following the sale, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $24,775,004.27. The trade was a 13.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alain Bellemare sold 19,490 shares of the stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $55.26, for a total transaction of $1,077,017.40. Following the completion of the transaction, the executive vice president now directly owns 121,961 shares of the company's stock, valued at $6,739,564.86. This trade represents a 13.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 136,809 shares of company stock worth $7,871,765 over the last three months. Company insiders own 0.96% of the company's stock.

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 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.