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

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lowered its position in Delta Air Lines, Inc. (NYSE:DAL) by 21.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 165,207 shares of the transportation company’s stock after selling 45,209 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Delta Air Lines were worth $10,031,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in DAL. Pzena Investment Management LLC purchased a new stake in shares of Delta Air Lines in the third quarter valued at approximately $281,206,000. Castle Hook Partners LP purchased a new stake in shares of Delta Air Lines during the 3rd quarter worth $189,296,000. Sanders Capital LLC grew its stake in shares of 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 purchasing an additional 749,099 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Delta Air Lines by 419.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 562,129 shares of the transportation company’s stock valued at $28,551,000 after purchasing an additional 453,926 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Delta Air Lines by 2.8% in 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 purchasing an additional 416,338 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DAL. The Goldman Sachs Group restated a “buy” rating and set a $83.00 target price on shares of Delta Air Lines in a research report on Friday, November 15th. Susquehanna lifted their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft boosted their target price on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Sanford C. Bernstein raised their price target on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Finally, Jefferies Financial Group boosted their price objective on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Fourteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $78.22.

Insiders Place Their Bets

In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of the business’s stock in a transaction on Friday, November 8th. The shares were 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 in the company, valued at $1,197,608.72. The trade was a 52.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the sale, the chief executive officer now owns 439,819 shares of the company’s stock, valued at $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 217,429 shares of company stock worth $13,755,259 in the last 90 days. 0.96% of the stock is owned by company insiders.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $67.41 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The company has a market cap 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’s fifty day simple moving average is $63.06 and its 200-day simple moving average is $52.94. Delta Air Lines, Inc. has a 52 week low of $37.29 and a 52 week high of $69.98.

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