World Investment Advisors LLC Takes $301,000 Position in Delta Air Lines, Inc. (NYSE:DAL)

World Investment Advisors LLC bought a new position in Delta Air Lines, Inc. (NYSE:DAL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,918 shares of the transportation company’s stock, valued at approximately $301,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pzena Investment Management LLC bought a new stake in Delta Air Lines in the 3rd quarter worth approximately $281,206,000. Castle Hook Partners LP bought a new stake in Delta Air Lines in the third quarter worth $189,296,000. Jupiter Asset Management Ltd. purchased a new stake in Delta Air Lines during the second quarter valued at $60,217,000. Dimensional Fund Advisors LP lifted its position in Delta Air Lines by 12.5% during the second quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock valued at $471,330,000 after purchasing an additional 1,105,674 shares during the last quarter. Finally, Sanders Capital LLC grew its stake in shares of Delta Air Lines by 2.8% in the 3rd quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock worth $1,414,074,000 after buying an additional 749,099 shares in the last quarter. 69.93% of the stock is owned by institutional investors.

Insider Activity at Delta Air Lines

In related news, EVP Joanne D. Smith sold 3,431 shares of Delta Air Lines stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $50.46, for a total transaction of $173,128.26. Following the transaction, the executive vice president now directly owns 108,990 shares of the company’s stock, valued at $5,499,635.40. This trade represents a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Edward H. Bastian sold 68,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $56.33, for a total transaction of $3,830,440.00. Following the completion of the transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $24,775,004.27. This trade represents a 13.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,240 shares of company stock worth $8,044,893 over the last three months. 0.96% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on DAL shares. JPMorgan Chase & Co. upped their target price on shares of Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $83.00 price objective on shares of Delta Air Lines in a research note on Friday, November 15th. Barclays lifted their target price on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Citigroup increased their price target on Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, UBS Group reaffirmed a “buy” rating and set a $88.00 price objective on shares of Delta Air Lines in a research note on Tuesday, November 26th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Delta Air Lines currently has a consensus rating of “Buy” and an average price target of $75.83.

Delta Air Lines Price Performance

Shares of DAL stock opened at $58.88 on Thursday. The company has a market capitalization of $37.99 billion, a P/E ratio of 8.18, a P/E/G ratio of 1.21 and a beta of 1.35. The company’s 50-day simple moving average is $60.12 and its two-hundred day simple moving average is $50.51. Delta Air Lines, Inc. has a one year low of $36.34 and a one year high of $67.50. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.02). The firm had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $2.03 EPS. As a group, equities analysts anticipate that Delta Air Lines, Inc. will post 6.08 EPS for the current year.

Delta Air Lines 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.