Federated Hermes Inc. grew its position in Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 7.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 358,870 shares of the transportation company’s stock after acquiring an additional 25,507 shares during the period. Federated Hermes Inc. owned 0.05% of Delta Air Lines worth $20,366,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the business. Private Trust Co. NA raised its position in Delta Air Lines by 3.3% in the 3rd quarter. Private Trust Co. NA now owns 5,493 shares of the transportation company’s stock valued at $312,000 after purchasing an additional 174 shares during the last quarter. HBK Sorce Advisory LLC increased its stake in shares of Delta Air Lines by 3.2% in the third quarter. HBK Sorce Advisory LLC now owns 5,871 shares of the transportation company’s stock valued at $362,000 after buying an additional 181 shares in the last quarter. Foundations Investment Advisors LLC raised its holdings in shares of Delta Air Lines by 2.6% in the second quarter. Foundations Investment Advisors LLC now owns 7,844 shares of the transportation company’s stock valued at $386,000 after buying an additional 196 shares during the last quarter. Valeo Financial Advisors LLC lifted its position in Delta Air Lines by 1.3% during the 3rd quarter. Valeo Financial Advisors LLC now owns 16,101 shares of the transportation company’s stock worth $914,000 after buying an additional 201 shares in the last quarter. Finally, Ethic Inc. grew its holdings in Delta Air Lines by 1.9% during the 3rd quarter. Ethic Inc. now owns 10,578 shares of the transportation company’s stock worth $600,000 after acquiring an additional 202 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors.
Delta Air Lines Stock Performance
DAL stock opened at $65.80 on Friday. The business’s fifty day moving average is $68.66 and its 200-day moving average is $61.81. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.60. The company has a market cap of $42.97 billion, a P/E ratio of 8.58, a price-to-earnings-growth ratio of 0.64 and a beta of 1.38. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $73.16.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on DAL shares. Jefferies Financial Group boosted their target price on shares of Delta Air Lines from $72.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Argus set a $80.00 price objective on shares of Delta Air Lines in a research report on Wednesday, January 14th. Evercore ISI upped their price objective on Delta Air Lines from $75.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. Deutsche Bank Aktiengesellschaft lifted their target price on Delta Air Lines from $63.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Finally, Wall Street Zen lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and a consensus target price of $80.47.
Get Our Latest Analysis on DAL
Insiders Place Their Bets
In other Delta Air Lines news, insider Peter W. Carter sold 14,300 shares of the stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $70.30, for a total value of $1,005,290.00. Following the sale, the insider directly owned 177,142 shares in the company, valued at approximately $12,453,082.60. This trade represents a 7.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 173,230 shares of the business’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $71.00, for a total transaction of $12,299,330.00. Following the completion of the transaction, the chief executive officer directly owned 632,823 shares of the company’s stock, valued at $44,930,433. This trade represents a 21.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 351,243 shares of company stock worth $24,742,087 over the last ninety days. Company insiders own 0.88% of the company’s stock.
Delta Air Lines 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.
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