World Investment Advisors LLC Takes Position in Delta Air Lines, Inc. (NYSE:DAL)

World Investment Advisors LLC acquired a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 5,918 shares of the transportation company’s stock, valued at approximately $301,000.

Several other large investors have also recently modified their holdings of DAL. Future Financial Wealth Managment LLC purchased a new position in Delta Air Lines in the third quarter worth $25,000. Kimelman & Baird LLC acquired a new stake in shares of Delta Air Lines in the 2nd quarter worth $31,000. Ashton Thomas Securities LLC acquired a new position in Delta Air Lines during the 3rd quarter valued at about $31,000. Strategic Financial Concepts LLC purchased a new stake in Delta Air Lines in the second quarter valued at about $36,000. Finally, Quarry LP purchased a new stake in Delta Air Lines in the second quarter valued at about $41,000. Institutional investors own 69.93% of the company’s stock.

Insider Activity

In other news, EVP Allison C. Ausband sold 7,510 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total transaction of $470,276.20. Following the transaction, the executive vice president now owns 58,897 shares in the company, valued at $3,688,130.14. This trade represents a 11.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP William C. Carroll sold 21,530 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the completion of the sale, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at approximately $1,197,608.72. The trade was a 52.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,240 shares of company stock worth $8,044,893 in the last ninety days. Company insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on DAL shares. Susquehanna boosted their price target on Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a research note on Wednesday, October 9th. Sanford C. Bernstein raised their price target on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. TD Cowen lifted their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. BNP Paribas raised Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. Finally, JPMorgan Chase & Co. lifted their price target on Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Delta Air Lines has an average rating of “Buy” and a consensus target price of $75.83.

Delta Air Lines Trading Down 3.2 %

Delta Air Lines stock opened at $58.88 on Thursday. The firm has a market cap of $37.99 billion, a PE ratio of 8.18, a P/E/G ratio of 1.21 and a beta of 1.35. Delta Air Lines, Inc. has a 12 month low of $36.34 and a 12 month high of $67.50. The stock’s 50 day simple moving average is $60.12 and its two-hundred day simple moving average is $50.51. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The firm had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.65 billion. During the same period last year, the company posted $2.03 earnings per share. The business’s quarterly revenue was up 1.2% on a year-over-year basis. Analysts anticipate that Delta Air Lines, Inc. will post 6.08 earnings per share 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.