Westpac Banking Corp raised its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 16.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 134,522 shares of the transportation company’s stock after buying an additional 19,031 shares during the quarter. Westpac Banking Corp’s holdings in Delta Air Lines were worth $7,533,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in Delta Air Lines by 3.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,821,694 shares of the transportation company’s stock valued at $377,169,000 after buying an additional 250,731 shares in the last quarter. APG Asset Management N.V. grew its holdings in Delta Air Lines by 12.3% during the 3rd quarter. APG Asset Management N.V. now owns 4,100,199 shares of the transportation company’s stock valued at $197,712,000 after buying an additional 449,700 shares in the last quarter. Alyeska Investment Group L.P. grew its holdings in Delta Air Lines by 35.8% during the 3rd quarter. Alyeska Investment Group L.P. now owns 4,003,366 shares of the transportation company’s stock valued at $193,042,000 after buying an additional 1,055,182 shares in the last quarter. Carmignac Gestion grew its holdings in Delta Air Lines by 0.3% during the 2nd quarter. Carmignac Gestion now owns 3,936,189 shares of the transportation company’s stock valued at $211,531,000 after buying an additional 12,800 shares in the last quarter. Finally, Investec Asset Management LTD purchased a new position in Delta Air Lines during the 3rd quarter valued at about $157,977,000. 85.07% of the stock is owned by institutional investors and hedge funds.

Shares of Delta Air Lines, Inc. (NYSE:DAL) opened at $60.01 on Friday. The firm has a market capitalization of $42,790.00, a P/E ratio of 12.15, a P/E/G ratio of 0.80 and a beta of 1.30. Delta Air Lines, Inc. has a 12-month low of $43.81 and a 12-month high of $60.79. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.42 and a quick ratio of 0.35.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, January 11th. The transportation company reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.08. Delta Air Lines had a return on equity of 26.28% and a net margin of 8.67%. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. analysts expect that Delta Air Lines, Inc. will post 6.42 earnings per share for the current fiscal year.

In other Delta Air Lines news, CEO Edward H. Bastian sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $52.79, for a total value of $1,055,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joanne D. Smith sold 894 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $56.50, for a total value of $50,511.00. Following the completion of the sale, the executive vice president now owns 72,393 shares of the company’s stock, valued at approximately $4,090,204.50. The disclosure for this sale can be found here. Insiders sold 322,809 shares of company stock valued at $18,200,262 in the last quarter. Corporate insiders own 0.37% of the company’s stock.

A number of research analysts have weighed in on the company. Imperial Capital reaffirmed an “outperform” rating and set a $65.00 target price (up previously from $63.00) on shares of Delta Air Lines in a report on Friday, January 12th. Stephens set a $67.00 price target on Delta Air Lines and gave the company a “buy” rating in a research report on Monday, December 18th. Sanford C. Bernstein set a $67.00 price target on Delta Air Lines and gave the company a “buy” rating in a research report on Wednesday, January 10th. Vetr upgraded Delta Air Lines from a “strong sell” rating to a “sell” rating and set a $49.97 price target for the company in a research report on Wednesday, January 3rd. Finally, Cowen lifted their price target on Delta Air Lines from $62.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday, December 15th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $65.53.

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About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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