Delta Air Lines, Inc. $DAL Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. increased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 12.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,776 shares of the transportation company’s stock after purchasing an additional 11,194 shares during the period. Vontobel Holding Ltd.’s holdings in Delta Air Lines were worth $5,662,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Signature Resources Capital Management LLC purchased a new stake in shares of Delta Air Lines in the 2nd quarter valued at approximately $25,000. NewSquare Capital LLC lifted its holdings in Delta Air Lines by 184.6% in the second quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 371 shares during the last quarter. Activest Wealth Management lifted its holdings in Delta Air Lines by 2,280.8% in the second quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 593 shares during the last quarter. Wealth Preservation Advisors LLC purchased a new position in Delta Air Lines in the first quarter worth approximately $31,000. Finally, Kilter Group LLC acquired a new stake in Delta Air Lines during the second quarter worth $35,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP John E. Laughter sold 23,323 shares of the company’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the sale, the executive vice president owned 81,109 shares in the company, valued at $5,055,523.97. This represents a 22.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP William C. Carroll sold 14,010 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total value of $858,112.50. Following the completion of the sale, the senior vice president directly owned 15,816 shares in the company, valued at $968,730. This represents a 46.97% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is currently owned by company insiders.

Delta Air Lines Trading Up 0.7%

NYSE DAL opened at $71.02 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40. The firm has a market cap of $46.37 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 1.55 and a beta of 1.38. The firm has a 50 day simple moving average of $63.08 and a 200-day simple moving average of $58.35. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $72.34.

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

Analyst Ratings Changes

DAL has been the topic of several recent analyst reports. Bank of America upped their price target on Delta Air Lines from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Evercore ISI upped their target price on shares of Delta Air Lines from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $80.00 target price on shares of Delta Air Lines in a research note on Friday, December 19th. Sanford C. Bernstein boosted their price target on shares of Delta Air Lines from $71.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Delta Air Lines in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $75.07.

Delta Air Lines Company Profile

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.