Generali Asset Management SPA SGR Raises Position in Delta Air Lines, Inc. $DAL

Generali Asset Management SPA SGR grew its stake in Delta Air Lines, Inc. (NYSE:DAL) by 34.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,444 shares of the transportation company’s stock after purchasing an additional 9,175 shares during the period. Generali Asset Management SPA SGR’s holdings in Delta Air Lines were worth $2,011,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DAL. Signature Resources Capital Management LLC bought a new stake in Delta Air Lines in the second quarter worth $25,000. NewSquare Capital LLC raised its stake in shares of Delta Air Lines by 184.6% in the second quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 371 shares during the period. Activest Wealth Management lifted its holdings in shares of Delta Air Lines by 2,280.8% in the 2nd quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock worth $30,000 after acquiring an additional 593 shares during the last quarter. Kilter Group LLC purchased a new position in shares of Delta Air Lines during the 2nd quarter worth about $35,000. Finally, Chung Wu Investment Group LLC purchased a new position in shares of Delta Air Lines during the 2nd quarter worth about $49,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Down 0.5%

DAL opened at $69.05 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.68. The stock’s fifty day moving average is $64.16 and its two-hundred day moving average is $59.27. The company has a market capitalization of $45.08 billion, a P/E ratio of 9.72, a PEG ratio of 1.24 and a beta of 1.38. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $72.34.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Tuesday, March 15th. The transportation company reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $8.40 billion for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%. Analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on DAL. UBS Group initiated coverage on shares of Delta Air Lines in a research note on Friday, December 12th. They issued a “buy” rating and a $90.00 price objective for the company. Citigroup started coverage on Delta Air Lines in a report on Thursday, December 4th. They issued a “buy” rating and a $77.00 price target on the stock. JPMorgan Chase & Co. raised their price target on Delta Air Lines from $72.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Rothschild & Co Redburn upped their price objective on Delta Air Lines from $65.00 to $72.00 in a research report on Tuesday, October 14th. Finally, Jefferies Financial Group decreased their target price on Delta Air Lines from $74.00 to $72.00 and set a “buy” rating for the company in a research report on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $75.07.

Insider Activity

In related news, EVP John E. Laughter sold 23,323 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the transaction, the executive vice president directly owned 81,109 shares of the company’s stock, valued at $5,055,523.97. This trade represents a 22.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP William C. Carroll sold 14,010 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total transaction of $858,112.50. Following the completion of the transaction, the senior vice president directly owned 15,816 shares of the company’s stock, valued at $968,730. This trade represents a 46.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is owned by corporate insiders.

Delta Air Lines Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.