Inspire Investing LLC Purchases Shares of 17,920 Delta Air Lines, Inc. $DAL

Inspire Investing LLC acquired a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 17,920 shares of the transportation company’s stock, valued at approximately $1,017,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Savant Capital LLC grew its holdings in Delta Air Lines by 84.0% during the 2nd quarter. Savant Capital LLC now owns 181,995 shares of the transportation company’s stock worth $8,951,000 after acquiring an additional 83,072 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Delta Air Lines by 39.8% during the second 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 in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Delta Air Lines by 8.8% during the second 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 last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Delta Air Lines in the second quarter valued at approximately $15,138,000. Finally, Board of the Pension Protection Fund bought a new position in Delta Air Lines in the 3rd quarter worth approximately $1,141,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on DAL shares. UBS Group began coverage on Delta Air Lines in a research report on Friday, December 12th. They issued a “buy” rating and a $90.00 price objective on the stock. Wall Street Zen lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Delta Air Lines from $63.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, October 10th. HSBC raised their target price on shares of Delta Air Lines from $69.20 to $73.70 and gave the company a “buy” rating in a research note on Friday, October 10th. Finally, Jefferies Financial Group dropped their price target on shares of Delta Air Lines from $74.00 to $72.00 and set a “buy” rating for the company in a research note on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the stock. Based on data from MarketBeat, Delta Air Lines has a consensus rating of “Buy” and a consensus target price of $75.07.

Insider Buying and Selling at Delta Air Lines

In other news, SVP William C. Carroll sold 14,010 shares of Delta Air Lines stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total transaction of $858,112.50. Following the transaction, the senior vice president owned 15,816 shares in the company, valued at $968,730. The trade was a 46.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John E. Laughter sold 23,323 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 81,109 shares of the company’s stock, valued at $5,055,523.97. This represents a 22.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.88% of the company’s stock.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $70.86 on Friday. The stock has a market cap of $46.27 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38. The stock has a 50-day moving average of $63.30 and a 200-day moving average of $58.49. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.40 and a quick ratio of 0.34. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $72.34.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 earnings per share (EPS) for the quarter. The firm 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%. As a group, sell-side analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines 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.