Generali Asset Management SPA SGR Decreases Stock Holdings in Delta Air Lines, Inc. $DAL

Generali Asset Management SPA SGR reduced its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 48.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,269 shares of the transportation company’s stock after selling 24,980 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Delta Air Lines were worth $1,292,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Signature Resources Capital Management LLC purchased a new position in shares of Delta Air Lines in the second quarter valued at $25,000. Wealth Preservation Advisors LLC purchased a new position in shares of Delta Air Lines in the first quarter valued at $31,000. Zions Bancorporation National Association UT purchased a new position in shares of Delta Air Lines in the first quarter valued at $33,000. Hara Capital LLC purchased a new position in shares of Delta Air Lines in the first quarter valued at $35,000. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Delta Air Lines in the first quarter valued at $40,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DAL. Evercore ISI upped their target price on shares of Delta Air Lines from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Raymond James Financial upped their target price on shares of Delta Air Lines from $68.00 to $70.00 and gave the company a “strong-buy” rating in a research note on Friday, October 10th. Dbs Bank upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Barclays increased their price objective on shares of Delta Air Lines from $58.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Finally, BNP Paribas Exane increased their price objective on shares of Delta Air Lines from $58.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Delta Air Lines presently has an average rating of “Buy” and an average price target of $71.53.

Delta Air Lines Stock Down 1.2%

Shares of NYSE:DAL opened at $59.70 on Friday. The stock has a market capitalization of $38.98 billion, a price-to-earnings ratio of 8.41, a price-to-earnings-growth ratio of 1.38 and a beta of 1.50. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $69.98. The company’s fifty day moving average is $59.35 and its two-hundred day moving average is $52.07. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Tuesday, March 15th. The transportation company reported $0.22 earnings per share for the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. The company had revenue of $8.40 billion for the quarter. Equities analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 16th will be issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, October 16th. Delta Air Lines’s dividend payout ratio (DPR) is 10.56%.

Insider Buying and Selling

In related 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 sale, the senior vice president owned 15,816 shares of the company’s stock, valued at $968,730. This trade represents a 46.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael P. Huerta sold 2,500 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $60.70, for a total transaction of $151,750.00. Following the completion of the sale, the director directly owned 33,245 shares in the company, valued at approximately $2,017,971.50. This trade represents a 6.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 51,510 shares of company stock valued at $2,979,663 in the last quarter. Company insiders own 0.88% of the company’s stock.

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.