Nisa Investment Advisors LLC Boosts Stake in Delta Air Lines, Inc. (NYSE:DAL)

Nisa Investment Advisors LLC raised its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 18.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 126,190 shares of the transportation company’s stock after purchasing an additional 19,495 shares during the period. Nisa Investment Advisors LLC’s holdings in Delta Air Lines were worth $7,634,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Pzena Investment Management LLC bought a new stake in Delta Air Lines during the third quarter valued at about $281,206,000. Castle Hook Partners LP purchased a new stake in Delta Air Lines during the 3rd quarter valued at approximately $189,296,000. Sanders Capital LLC lifted its holdings in shares of Delta Air Lines by 2.8% in the third 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. Janney Montgomery Scott LLC boosted its position in shares of Delta Air Lines by 419.5% during the third quarter. Janney Montgomery Scott LLC now owns 562,129 shares of the transportation company’s stock worth $28,551,000 after acquiring an additional 453,926 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Delta Air Lines by 2.8% during the third quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock valued at $789,452,000 after acquiring an additional 416,338 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on DAL. UBS Group reissued a “buy” rating and set a $88.00 price objective on shares of Delta Air Lines in a report on Tuesday, November 26th. TD Cowen raised their price target on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 13th. Barclays upped their price objective on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Susquehanna boosted their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. Finally, StockNews.com upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and a consensus target price of $78.22.

Delta Air Lines Price Performance

DAL opened at $67.10 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The business has a fifty day moving average of $63.11 and a 200 day moving average of $53.04. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98. The stock has a market cap of $43.30 billion, a P/E ratio of 12.59, a PEG ratio of 0.79 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The firm had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. During the same period in the previous year, the firm earned $1.28 earnings per share. The business’s revenue was up 9.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.67 EPS for the current year.

Insider Activity

In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the transaction, the senior vice president now directly owns 19,756 shares in the company, valued at $1,197,608.72. This trade represents a 52.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Allison C. Ausband sold 7,510 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total value of $470,276.20. Following the completion of the sale, the executive vice president now owns 58,897 shares of the company’s stock, valued at $3,688,130.14. This represents a 11.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 217,429 shares of company stock valued at $13,755,259. Corporate insiders own 0.96% of the company’s stock.

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.