Generali Asset Management SPA SGR Has $1.55 Million Stock Holdings in Delta Air Lines, Inc. $DAL

Generali Asset Management SPA SGR lowered its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 36.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 22,384 shares of the transportation company’s stock after selling 13,060 shares during the period. Generali Asset Management SPA SGR’s holdings in Delta Air Lines were worth $1,553,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AlphaQuest LLC lifted its holdings in shares of Delta Air Lines by 90.6% during the third quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock worth $25,000 after buying an additional 211 shares in the last quarter. Accredited Wealth Management LLC lifted its holdings in shares of Delta Air Lines by 1,983.3% during the third quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock worth $28,000 after buying an additional 476 shares in the last quarter. SWAN Capital LLC lifted its holdings in shares of Delta Air Lines by 1,016.0% during the third quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock worth $32,000 after buying an additional 508 shares in the last quarter. Camelot Portfolios LLC acquired a new stake in shares of Delta Air Lines during the fourth quarter worth $34,000. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of Delta Air Lines by 451.6% during the fourth quarter. Cornerstone Planning Group LLC now owns 524 shares of the transportation company’s stock worth $34,000 after buying an additional 429 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DAL shares. Wolfe Research dropped their target price on Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. BNP Paribas Exane dropped their target price on Delta Air Lines from $85.00 to $81.00 and set an “outperform” rating for the company in a report on Tuesday, April 21st. Zacks Research raised Delta Air Lines from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 15th. Sanford C. Bernstein reissued an “outperform” rating and set a $81.00 target price on shares of Delta Air Lines in a report on Wednesday, January 14th. Finally, Rothschild & Co Redburn dropped their price target on Delta Air Lines from $72.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $79.47.

Delta Air Lines Stock Performance

Shares of NYSE:DAL opened at $73.31 on Monday. Delta Air Lines, Inc. has a 1 year low of $45.28 and a 1 year high of $76.39. The stock has a market capitalization of $48.16 billion, a price-to-earnings ratio of 10.69, a price-to-earnings-growth ratio of 1.08 and a beta of 1.25. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.42 and a quick ratio of 0.36. The company’s 50 day simple moving average is $66.34 and its 200 day simple moving average is $66.29.

Delta Air Lines (NYSE:DAL) last released its earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.03. The firm had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.46 earnings per share. As a group, research analysts predict that Delta Air Lines, Inc. will post 5.3 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.75 annualized dividend and a yield of 1.0%. Delta Air Lines’s dividend payout ratio (DPR) is 10.93%.

Key Delta Air Lines News

Here are the key news stories impacting Delta Air Lines this week:

• Positive Sentiment: UBS raised its price target on Delta to $95, highlighting confidence in the airline’s premium-cabin strategy and potential for stronger earnings per share, which can boost investor sentiment. UBS Just Hiked Delta Air Lines Price Target to $95: Premium Cabin Strategy Targets $13 EPS
• Positive Sentiment: Delta has outperformed since its last earnings report, suggesting the market is still rewarding the company’s recent quarterly results and outlook. Why Is Delta (DAL) Up 7.8% Since Last Earnings Report?
• Positive Sentiment: Airfare pricing across the industry is rising sharply after Spirit’s liquidation, which could support Delta’s revenue per seat if demand remains firm. Airfares skyrocket as much as 218% on Spirit Airlines’ busiest routes within just 48 hours of its May 2 liquidation

Insider Activity at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 100,000 shares of Delta Air Lines stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $70.26, for a total value of $7,026,000.00. Following the transaction, the chief executive officer owned 1,363,448 shares in the company, valued at $95,795,856.48. The trade was a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John E. Laughter sold 15,000 shares of the business’s stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $71.61, for a total value of $1,074,150.00. Following the transaction, the executive vice president directly owned 54,369 shares of the company’s stock, valued at approximately $3,893,364.09. The trade was a 21.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 204,925 shares of company stock valued at $14,323,395 over the last ninety days. 0.80% of the stock is owned by corporate insiders.

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.