Delta Air Lines, Inc. (NYSE:DAL) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 69.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 81,447 shares of the transportation company’s stock after purchasing an additional 33,356 shares during the period. Pacer Advisors Inc.’s holdings in Delta Air Lines were worth $4,928,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DAL. Future Financial Wealth Managment LLC acquired a new stake in Delta Air Lines during the third quarter worth about $25,000. Ashton Thomas Securities LLC purchased a new stake in Delta Air Lines in the 3rd quarter worth approximately $31,000. Modus Advisors LLC acquired a new stake in shares of Delta Air Lines during the 4th quarter worth approximately $33,000. Harbor Investment Advisory LLC increased its holdings in shares of Delta Air Lines by 217.1% during the 4th quarter. Harbor Investment Advisory LLC now owns 555 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 380 shares in the last quarter. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of Delta Air Lines in the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on DAL shares. TD Cowen raised their price target on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Barclays lifted their price target on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Sanford C. Bernstein upped their price target on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Bank of America raised their price objective on Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, October 11th. Finally, StockNews.com raised Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and a consensus price target of $78.22.

Delta Air Lines Price Performance

Delta Air Lines stock opened at $68.57 on Friday. The company has a fifty day simple moving average of $63.41 and a 200-day simple moving average of $53.70. The firm has a market capitalization of $44.25 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 0.79 and a beta of 1.35. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The company had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter in the prior year, the company earned $1.28 EPS. Delta Air Lines’s revenue was up 9.4% compared to the same quarter last year. On average, equities analysts anticipate that Delta Air Lines, Inc. will post 7.67 EPS for the current fiscal year.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $60.62, for a total value of $1,305,148.60. Following the completion of the sale, the senior vice president now directly owns 19,756 shares in the company, valued at $1,197,608.72. This represents a 52.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Allison C. Ausband sold 7,510 shares of Delta Air Lines stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total value of $470,276.20. Following the transaction, the executive vice president now owns 58,897 shares in the company, valued at approximately $3,688,130.14. This represents a 11.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 129,150 shares of company stock valued at $8,735,936. 0.96% of the stock is currently owned by insiders.

About Delta Air Lines

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.