Generate Investment Management Ltd Lowers Stock Position in Delta Air Lines, Inc. $DAL

Generate Investment Management Ltd reduced its position in Delta Air Lines, Inc. (NYSE:DAL) by 53.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 260,000 shares of the transportation company’s stock after selling 300,467 shares during the quarter. Generate Investment Management Ltd’s holdings in Delta Air Lines were worth $14,755,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Ascent Group LLC purchased a new position in shares of Delta Air Lines in the 3rd quarter worth about $484,000. Sivia Capital Partners LLC grew its holdings in shares of Delta Air Lines by 26.4% during the 3rd quarter. Sivia Capital Partners LLC now owns 14,267 shares of the transportation company’s stock worth $810,000 after purchasing an additional 2,977 shares during the period. Diversified Trust Co acquired a new stake in Delta Air Lines during the 3rd quarter worth approximately $239,000. waypoint wealth counsel raised its holdings in Delta Air Lines by 6.1% in the third quarter. waypoint wealth counsel now owns 9,217 shares of the transportation company’s stock valued at $523,000 after buying an additional 528 shares during the period. Finally, Retireful LLC acquired a new position in Delta Air Lines during the third quarter valued at approximately $618,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Down 0.3%

Shares of Delta Air Lines stock opened at $69.34 on Wednesday. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $72.34. The company has a market capitalization of $45.28 billion, a PE ratio of 9.77, a P/E/G ratio of 1.52 and a beta of 1.38. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.40 and a quick ratio of 0.34. The business has a 50-day moving average of $63.60 and a 200-day moving average of $58.91.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%.The firm had revenue of $8.40 billion during the quarter. As a group, equities analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets raised shares of Delta Air Lines to a “strong-buy” rating in a research report on Tuesday, December 9th. Seaport Global Securities increased their price target on Delta Air Lines from $69.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, September 11th. UBS Group began coverage on Delta Air Lines in a research report on Friday, December 12th. They issued a “buy” rating and a $90.00 price objective on the stock. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $80.00 target price on shares of Delta Air Lines in a research report on Friday, December 19th. Finally, Dbs Bank upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $75.07.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, EVP John E. Laughter sold 23,323 shares of the stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the transaction, the executive vice president directly owned 81,109 shares in the company, valued at $5,055,523.97. This represents a 22.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP William C. Carroll sold 14,010 shares of the business’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total transaction of $858,112.50. Following the completion of the sale, the senior vice president directly owned 15,816 shares of the company’s stock, valued at $968,730. The trade was a 46.97% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.96% of the company’s stock.

About Delta Air Lines

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.