17,920 Shares in Delta Air Lines, Inc. $DAL Bought by Inspire Investing LLC

Inspire Investing LLC acquired a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the 3rd quarter, Holdings Channel reports. The fund acquired 17,920 shares of the transportation company’s stock, valued at approximately $1,017,000.

Other large investors have also recently added to or reduced their stakes in the company. Jeppson Wealth Management LLC acquired a new position in shares of Delta Air Lines during the third quarter worth about $213,000. Norden Group LLC raised its position in Delta Air Lines by 1.8% in the 3rd quarter. Norden Group LLC now owns 19,968 shares of the transportation company’s stock valued at $1,133,000 after buying an additional 347 shares during the last quarter. ARS Investment Partners LLC bought a new stake in Delta Air Lines in the 3rd quarter valued at approximately $362,000. Private Trust Co. NA boosted its position in Delta Air Lines by 3.3% during the 3rd quarter. Private Trust Co. NA now owns 5,493 shares of the transportation company’s stock worth $312,000 after acquiring an additional 174 shares during the last quarter. Finally, Optas LLC grew its stake in shares of Delta Air Lines by 6.8% during the 3rd quarter. Optas LLC now owns 5,805 shares of the transportation company’s stock worth $329,000 after acquiring an additional 369 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Insiders Place Their Bets

In other news, 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 transaction, the senior vice president directly owned 15,816 shares of the company’s stock, valued at $968,730. This represents a 46.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John E. Laughter sold 23,323 shares of the firm’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 of the company’s stock, valued at approximately $5,055,523.97. This represents a 22.33% decrease in their position. The SEC filing for this sale provides additional information. 0.88% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

DAL has been the topic of a number of research reports. UBS Group initiated coverage on shares of 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. Dbs Bank raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Sanford C. Bernstein increased their price objective on shares of Delta Air Lines from $71.00 to $74.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Wolfe Research lowered their target price on Delta Air Lines from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, November 17th. Finally, Wall Street Zen cut Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $75.07.

Delta Air Lines Stock Down 0.1%

Delta Air Lines stock opened at $70.86 on Friday. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $72.34. The firm has a market capitalization of $46.27 billion, a PE ratio of 9.98, a P/E/G ratio of 1.55 and a beta of 1.38. The company’s 50-day moving average is $63.30 and its 200-day moving average is $58.49. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.40 and a quick ratio of 0.34.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Tuesday, March 15th. The transportation company reported $0.22 earnings per share 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 for the quarter. Sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

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.