Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 90.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,548 shares of the transportation company’s stock after selling 282,723 shares during the period. Assenagon Asset Management S.A.’s holdings in Delta Air Lines were worth $1,727,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Future Financial Wealth Managment LLC acquired a new position in Delta Air Lines during the third quarter worth $25,000. Kimelman & Baird LLC acquired a new position in Delta Air Lines during the 2nd quarter worth about $31,000. Ashton Thomas Securities LLC purchased a new position in Delta Air Lines during the 3rd quarter valued at about $31,000. Modus Advisors LLC acquired a new position in Delta Air Lines in the 4th quarter valued at about $33,000. Finally, Versant Capital Management Inc increased its stake 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 worth $37,000 after purchasing an additional 539 shares during the period. 69.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. StockNews.com upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a report on Monday, January 13th. TD Cowen lifted their price objective on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Sanford C. Bernstein boosted their price objective on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Finally, UBS Group reaffirmed a “buy” rating and issued a $88.00 target price on shares of Delta Air Lines in a report on Tuesday, November 26th. Fourteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Delta Air Lines currently has an average rating of “Buy” and a consensus price target of $78.22.

Insider Transactions at Delta Air Lines

In other news, EVP Allison C. Ausband sold 7,510 shares of Delta Air Lines stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total transaction of $470,276.20. Following the completion of the sale, the executive vice president now directly owns 58,897 shares in the company, valued at $3,688,130.14. The trade was a 11.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the 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 transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $30,721,357.15. This represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 217,429 shares of company stock valued at $13,755,259 in the last 90 days. 0.96% of the stock is currently owned by insiders.

Delta Air Lines Stock Performance

NYSE:DAL opened at $67.41 on Friday. The firm has a market cap of $43.50 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 0.80 and a beta of 1.35. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. Delta Air Lines, Inc. has a 1-year low of $37.29 and a 1-year high of $69.98. The firm’s fifty day moving average price is $63.06 and its 200 day moving average price is $52.94.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The company had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. During the same period in the previous year, the firm earned $1.28 EPS. The business’s revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts expect that Delta Air Lines, Inc. will post 7.67 EPS for the current year.

Delta Air Lines Company 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.