World Asset Management Inc reduced its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 0.8% during the third quarter, Holdings Channel reports. The institutional investor owned 74,126 shares of the company’s stock after selling 586 shares during the period. World Asset Management Inc’s holdings in Delta Air Lines were worth $2,918,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP boosted its position in Delta Air Lines by 24.5% in the second quarter. Quantbot Technologies LP now owns 81,836 shares of the company’s stock worth $2,981,000 after buying an additional 16,097 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in Delta Air Lines by 0.9% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 374,504 shares of the company’s stock worth $13,643,000 after buying an additional 3,509 shares in the last quarter. General Electric Co. boosted its position in Delta Air Lines by 7.2% in the second quarter. General Electric Co. now owns 2,566,916 shares of the company’s stock worth $93,513,000 after buying an additional 173,037 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its position in Delta Air Lines by 30.0% in the second quarter. Public Employees Retirement Association of Colorado now owns 1,217,335 shares of the company’s stock worth $44,348,000 after buying an additional 281,253 shares in the last quarter. Finally, Strs Ohio boosted its position in Delta Air Lines by 38.8% in the second quarter. Strs Ohio now owns 1,975,080 shares of the company’s stock worth $71,952,000 after buying an additional 551,720 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Delta Air Lines, Inc. (NYSE:DAL) traded up 0.39% during midday trading on Friday, hitting $51.09. 4,087,785 shares of the company traded hands. The stock has a market capitalization of $37.81 billion, a P/E ratio of 8.28 and a beta of 0.92. Delta Air Lines, Inc. has a 52 week low of $32.60 and a 52 week high of $52.76. The company has a 50-day moving average price of $49.84 and a 200-day moving average price of $41.99.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, January 12th. The company reported $0.82 EPS for the quarter, meeting the consensus estimate of $0.82. The company had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.40 billion. Delta Air Lines had a net margin of 11.92% and a return on equity of 37.39%. The firm’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.18 EPS. Analysts anticipate that Delta Air Lines, Inc. will post $5.31 earnings per share for the current fiscal year.

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A number of brokerages have recently issued reports on DAL. Vetr cut Delta Air Lines from a “hold” rating to a “sell” rating and set a $47.62 price objective on the stock. in a research note on Tuesday, December 6th. Bank of America set a $60.00 price objective on Delta Air Lines and gave the company a “buy” rating in a research note on Tuesday, October 4th. Imperial Capital raised their price objective on Delta Air Lines from $44.00 to $52.00 and gave the company a “line” rating in a research note on Tuesday, November 22nd. Zacks Investment Research raised Delta Air Lines from a “sell” rating to a “hold” rating in a research note on Friday, October 28th. Finally, Citigroup Inc. began coverage on Delta Air Lines in a research note on Friday, November 18th. They set a “buy” rating and a $61.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the stock. Delta Air Lines currently has an average rating of “Buy” and an average price target of $55.57.

In other Delta Air Lines news, CEO Edward H. Bastian sold 50,000 shares of the company’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $41.25, for a total value of $2,062,500.00. Following the transaction, the chief executive officer now directly owns 232,302 shares in the company, valued at approximately $9,582,457.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Joanne D. Smith sold 1,853 shares of the company’s stock in a transaction dated Wednesday, October 19th. The stock was sold at an average price of $40.50, for a total transaction of $75,046.50. Following the completion of the transaction, the executive vice president now owns 72,156 shares in the company, valued at $2,922,318. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s operates through segments, including Airline Segment and Refinery Segment. The Airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the United States and around the world and other ancillary airline services.

5 Day Chart for NYSE:DAL

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