MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Trims Holdings in Delta Air Lines, Inc. (NYSE:DAL)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lessened its stake in Delta Air Lines, Inc. (NYSE:DAL) by 21.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 165,207 shares of the transportation company’s stock after selling 45,209 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Delta Air Lines were worth $10,031,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Sanders Capital LLC grew its holdings in Delta Air Lines by 2.8% during the 3rd quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock worth $1,414,074,000 after acquiring an additional 749,099 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of 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 worth $789,452,000 after purchasing an additional 416,338 shares during the last quarter. Pzena Investment Management LLC acquired a new position in Delta Air Lines in the third quarter worth about $281,206,000. Castle Hook Partners LP bought a new stake in Delta Air Lines in the third quarter valued at about $189,296,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Delta Air Lines by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,497,487 shares of the transportation company’s stock valued at $177,637,000 after buying an additional 10,332 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Delta Air Lines

In related news, CEO Edward H. Bastian sold 68,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at approximately $24,775,004.27. The trade was a 13.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rahul D. Samant sold 10,000 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $58.53, for a total value of $585,300.00. Following the completion of the sale, the executive vice president now directly owns 64,163 shares of the company’s stock, valued at approximately $3,755,460.39. This represents a 13.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 217,429 shares of company stock valued at $13,755,259 in the last three months. 0.96% of the stock is currently owned by company insiders.

Delta Air Lines Price Performance

NYSE DAL opened at $67.41 on Friday. The company’s 50 day simple moving average is $63.06 and its 200 day simple moving average is $52.94. The firm has a market capitalization of $43.50 billion, a PE ratio of 12.65, a P/E/G ratio of 0.79 and a beta of 1.35. 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, Inc. has a 12 month low of $37.29 and a 12 month high of $69.98.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter last year, the business posted $1.28 EPS. Delta Air Lines’s revenue was up 9.4% on a year-over-year basis. As a group, equities research analysts forecast that Delta Air Lines, Inc. will post 7.67 EPS for the current fiscal year.

Analyst Ratings Changes

DAL has been the subject of several research reports. UBS Group reiterated a “buy” rating and issued a $88.00 target price on shares of Delta Air Lines in a research report on Tuesday, November 26th. The Goldman Sachs Group reissued a “buy” rating and set a $83.00 target price on shares of Delta Air Lines in a report on Friday, November 15th. Bank of America lifted their price target on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, October 11th. Jefferies Financial Group raised their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, TD Cowen upped their target price on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 13th. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $78.22.

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.