Delta Air Lines, Inc. (NYSE:DAL) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. grew its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 69.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,447 shares of the transportation company's stock after buying an additional 33,356 shares during the period. Pacer Advisors Inc.'s holdings in Delta Air Lines were worth $4,928,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in DAL. Pzena Investment Management LLC acquired a new stake in shares of Delta Air Lines during the third quarter valued at about $281,206,000. Castle Hook Partners LP purchased a new position in shares of Delta Air Lines during the 3rd quarter worth approximately $189,296,000. Sanders Capital LLC increased its holdings in Delta Air Lines by 2.8% in the 3rd quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company's stock valued at $1,414,074,000 after purchasing an additional 749,099 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Delta Air Lines by 419.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 562,129 shares of the transportation company's stock valued at $28,551,000 after purchasing an additional 453,926 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Delta Air Lines by 2.8% in the third quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company's stock valued at $789,452,000 after purchasing an additional 416,338 shares during the period. Institutional investors and hedge funds own 69.93% of the company's stock.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP Allison C. Ausband sold 7,510 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total transaction of $470,276.20. Following the sale, the executive vice president now owns 58,897 shares of the company's stock, valued at approximately $3,688,130.14. This trade represents a 11.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William C. Carroll sold 21,530 shares of the company's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the completion of the transaction, the senior vice president now owns 19,756 shares of the company's stock, valued at approximately $1,197,608.72. The trade was a 52.15 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 129,150 shares of company stock valued at $8,735,936. 0.96% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. The Goldman Sachs Group restated a "buy" rating and set a $83.00 price target on shares of Delta Air Lines in a research report on Friday, November 15th. Jefferies Financial Group raised their target price on Delta Air Lines from $58.00 to $72.00 and gave the company a "buy" rating in a report on Monday, November 11th. UBS Group reaffirmed a "buy" rating and issued a $88.00 target price on shares of Delta Air Lines in a research report on Tuesday, November 26th. Susquehanna increased their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a "positive" rating in a research report on Tuesday, January 7th. Finally, Sanford C. Bernstein lifted their price objective on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an "outperform" rating in a report on Tuesday, October 8th. Fourteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Delta Air Lines presently has an average rating of "Buy" and an average price target of $78.22.

Delta Air Lines Stock Down 1.9 %

Delta Air Lines stock traded down $1.33 during trading on Friday, reaching $67.24. The stock had a trading volume of 4,481,647 shares, compared to its average volume of 8,763,681. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98. The business has a 50 day moving average price of $63.51 and a 200 day moving average price of $53.80. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The stock has a market cap of $43.39 billion, a PE ratio of 12.62, a P/E/G ratio of 0.80 and a beta of 1.35.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.09. The business 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 5.61% and a return on equity of 30.43%. The company's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.28 EPS. On average, analysts predict that Delta Air Lines, Inc. will post 7.67 EPS for the current year.

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.