Delta Air Lines, Inc. $DAL Shares Sold by Generate Investment Management Ltd

Generate Investment Management Ltd trimmed its position in Delta Air Lines, Inc. (NYSE:DAL) by 53.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 260,000 shares of the transportation company’s stock after selling 300,467 shares during the quarter. Generate Investment Management Ltd’s holdings in Delta Air Lines were worth $14,755,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Savant Capital LLC boosted its stake in Delta Air Lines by 84.0% in the second quarter. Savant Capital LLC now owns 181,995 shares of the transportation company’s stock valued at $8,951,000 after acquiring an additional 83,072 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Delta Air Lines by 39.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,407,585 shares of the transportation company’s stock worth $118,409,000 after purchasing an additional 685,312 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Delta Air Lines by 8.8% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 825,916 shares of the transportation company’s stock valued at $40,619,000 after purchasing an additional 67,002 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Delta Air Lines during the 2nd quarter valued at approximately $15,138,000. Finally, Board of the Pension Protection Fund bought a new position in Delta Air Lines during the 3rd quarter worth $1,141,000. 69.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP John E. Laughter sold 23,323 shares of the company’s stock in a transaction on Tuesday, October 21st. The stock was 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. This 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 firm’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total value of $858,112.50. Following the transaction, 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. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Down 0.3%

Delta Air Lines stock opened at $69.34 on Wednesday. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $72.34. The stock has a market cap of $45.28 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 1.52 and a beta of 1.38. The company’s 50-day moving average price is $63.60 and its two-hundred day moving average price is $58.91. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.68.

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Rothschild & Co Redburn raised their target price on Delta Air Lines from $65.00 to $72.00 in a research note on Tuesday, October 14th. Wolfe Research cut their price objective on shares of Delta Air Lines from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, November 17th. Evercore ISI boosted their target price on shares of Delta Air Lines from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. TD Cowen raised their price target on shares of Delta Air Lines from $72.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Finally, BMO Capital Markets raised Delta Air Lines to a “strong-buy” rating in a report on Tuesday, December 9th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $75.07.

About Delta Air Lines

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.