Fifth Third Bancorp Has $4.67 Million Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Fifth Third Bancorp lessened its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 12.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,246 shares of the transportation company’s stock after selling 11,128 shares during the quarter. Fifth Third Bancorp’s holdings in Delta Air Lines were worth $4,673,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Delta Air Lines by 62.4% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 30,928 shares of the transportation company’s stock worth $1,467,000 after purchasing an additional 11,881 shares during the last quarter. AXA S.A. acquired a new position in Delta Air Lines during the second quarter worth approximately $1,737,000. APG Asset Management N.V. acquired a new position in Delta Air Lines during the second quarter worth approximately $965,000. Dark Forest Capital Management LP acquired a new stake in Delta Air Lines during the 2nd quarter valued at $273,000. Finally, MBB Public Markets I LLC acquired a new position in shares of Delta Air Lines in the second quarter valued at $564,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $83.00 target price on shares of Delta Air Lines in a report on Friday, November 15th. TD Cowen boosted their price objective on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft increased their target price on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Jefferies Financial Group boosted their price target on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, UBS Group reiterated a “buy” rating and set a $88.00 price objective on shares of Delta Air Lines in a research report on Tuesday, November 26th. Fourteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $78.22.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $67.10 on Monday. The firm has a 50 day simple moving average of $63.17 and a 200 day simple moving average of $53.22. The company has a market cap of $43.30 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 0.79 and a beta of 1.35. Delta Air Lines, Inc. has a one year low of $37.29 and a one year high of $69.98. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The company had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. During the same quarter last year, the business posted $1.28 EPS. Delta Air Lines’s revenue for the quarter was up 9.4% on a year-over-year basis. Research analysts predict that Delta Air Lines, Inc. will post 7.67 earnings per share for the current fiscal year.

Insider Activity

In other Delta Air Lines news, EVP Allison C. Ausband sold 7,510 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total value of $470,276.20. Following the sale, the executive vice president now owns 58,897 shares in the company, valued at approximately $3,688,130.14. The trade was a 11.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP William C. Carroll sold 21,530 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $60.62, for a total value of $1,305,148.60. Following the transaction, the senior vice president now owns 19,756 shares of the company’s stock, valued at $1,197,608.72. This trade represents a 52.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 149,429 shares of company stock valued at $9,924,819 over the last quarter. 0.96% of the stock is owned by company insiders.

Delta Air Lines Company 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.