Delta Air Lines, Inc. $DAL Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 12.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 99,776 shares of the transportation company’s stock after acquiring an additional 11,194 shares during the quarter. Vontobel Holding Ltd.’s holdings in Delta Air Lines were worth $5,662,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DAL. GLOBALT Investments LLC GA grew its position in Delta Air Lines by 700.8% during the 3rd quarter. GLOBALT Investments LLC GA now owns 71,103 shares of the transportation company’s stock worth $4,035,000 after purchasing an additional 62,224 shares during the period. Parcion Private Wealth LLC grew its holdings in Delta Air Lines by 19.9% during the third quarter. Parcion Private Wealth LLC now owns 8,653 shares of the transportation company’s stock worth $491,000 after acquiring an additional 1,436 shares during the period. HBK Sorce Advisory LLC lifted its holdings in Delta Air Lines by 29.0% in the third quarter. HBK Sorce Advisory LLC now owns 7,339 shares of the transportation company’s stock valued at $419,000 after acquiring an additional 1,649 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of Delta Air Lines by 13.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 8,514 shares of the transportation company’s stock worth $483,000 after purchasing an additional 1,006 shares during the period. Finally, Northwest Wealth Management LLC acquired a new position in shares of Delta Air Lines in the 3rd quarter valued at $226,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Transactions at Delta Air Lines

In related news, EVP John E. Laughter sold 23,323 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $5,055,523.97. This trade represents a 22.33% 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 14,010 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total value of $858,112.50. Following the transaction, the senior vice president owned 15,816 shares in the company, valued at approximately $968,730. The trade was 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 corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wolfe Research lowered their target price on shares of Delta Air Lines from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Monday, November 17th. Jefferies Financial Group cut their price objective 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. JPMorgan Chase & Co. lifted their price target on shares of Delta Air Lines from $72.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. BMO Capital Markets raised shares of Delta Air Lines to a “strong-buy” rating in a report on Tuesday, December 9th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $80.00 price objective on shares of Delta Air Lines in a report on Friday, December 19th. Two investment analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $75.07.

Delta Air Lines Trading Up 0.7%

Shares of DAL stock opened at $71.02 on Friday. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $72.34. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40. The stock’s fifty day moving average is $63.08 and its two-hundred day moving average is $58.35. The firm has a market capitalization of $46.37 billion, a P/E ratio of 10.00, a PEG ratio of 1.55 and a beta of 1.38.

Delta Air Lines (NYSE:DAL) last released its 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 during the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. Research analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal 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.