Asset Management One Co. Ltd. Sells 60,642 Shares of Delta Air Lines, Inc. $DAL

Asset Management One Co. Ltd. lowered its position in Delta Air Lines, Inc. (NYSE:DAL) by 42.1% in the third quarter, HoldingsChannel.com reports. The fund owned 83,395 shares of the transportation company’s stock after selling 60,642 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Delta Air Lines were worth $4,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in shares of Delta Air Lines by 33.5% in the 4th quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock valued at $555,000 after purchasing an additional 2,302 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Delta Air Lines by 2.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,445 shares of the transportation company’s stock worth $3,464,000 after purchasing an additional 1,576 shares during the period. NewEdge Advisors LLC increased its position in Delta Air Lines by 10.7% during the first quarter. NewEdge Advisors LLC now owns 40,427 shares of the transportation company’s stock worth $1,763,000 after buying an additional 3,894 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its stake in Delta Air Lines by 14.6% in the first quarter. Ashton Thomas Private Wealth LLC now owns 11,550 shares of the transportation company’s stock valued at $504,000 after buying an additional 1,470 shares during the period. Finally, MBB Public Markets I LLC acquired a new stake in shares of Delta Air Lines in the first quarter valued at approximately $293,000. Institutional investors own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Seaport Global Securities boosted their target price on Delta Air Lines from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, September 11th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Delta Air Lines from $63.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Jefferies Financial Group decreased their price objective on shares of Delta Air Lines from $74.00 to $72.00 and set a “buy” rating on the stock in a report on Tuesday, December 2nd. Rothschild & Co Redburn increased their price objective on shares of Delta Air Lines from $65.00 to $72.00 in a research report on Tuesday, October 14th. Finally, Evercore ISI lifted their target price on shares of Delta Air Lines from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Two research analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $75.99.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP John E. Laughter sold 23,323 shares of Delta Air Lines stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total value of $1,453,722.59. Following the completion of the sale, the executive vice president owned 81,109 shares in the company, valued at $5,055,523.97. The trade was a 22.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP William C. Carroll sold 14,010 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total transaction of $858,112.50. Following the completion of the sale, the senior vice president directly owned 15,816 shares of the company’s stock, valued at $968,730. This 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 currently owned by company insiders.

Delta Air Lines Stock Performance

Shares of NYSE DAL opened at $71.30 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.40 and a quick ratio of 0.34. The firm has a market cap of $46.55 billion, a price-to-earnings ratio of 10.04, a P/E/G ratio of 1.17 and a beta of 1.38. The stock’s fifty day moving average price is $65.21 and its two-hundred day moving average price is $59.86. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $73.16.

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

Delta Air Lines Company 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.