KBC Group NV Has $4.38 Million Holdings in Delta Air Lines, Inc. (NYSE:DAL)

KBC Group NV increased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 27.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,377 shares of the transportation company’s stock after purchasing an additional 15,766 shares during the period. KBC Group NV’s holdings in Delta Air Lines were worth $4,379,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Crossmark Global Holdings Inc. increased its holdings in Delta Air Lines by 5.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 268,636 shares of the transportation company’s stock valued at $13,644,000 after buying an additional 13,802 shares during the period. Olstein Capital Management L.P. increased its stake in Delta Air Lines by 32.6% in the third quarter. Olstein Capital Management L.P. now owns 175,000 shares of the transportation company’s stock valued at $8,888,000 after acquiring an additional 43,000 shares during the period. Donoghue Forlines LLC acquired a new position in Delta Air Lines in the fourth quarter worth about $2,036,000. River Road Asset Management LLC raised its position in Delta Air Lines by 22.8% in the third quarter. River Road Asset Management LLC now owns 130,608 shares of the transportation company’s stock worth $6,634,000 after purchasing an additional 24,249 shares in the last quarter. Finally, New Millennium Group LLC lifted its stake in Delta Air Lines by 314.0% during the third quarter. New Millennium Group LLC now owns 36,460 shares of the transportation company’s stock worth $1,852,000 after purchasing an additional 27,654 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Delta Air Lines

In related news, EVP Allison C. Ausband sold 7,510 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total value of $470,276.20. Following the sale, the executive vice president now directly 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 legal filing with the SEC, which is available at this link. Also, CEO Edward H. Bastian sold 91,710 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the transaction, the chief executive officer now owns 439,819 shares of the company’s stock, valued at approximately $30,721,357.15. This represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 129,150 shares of company stock worth $8,735,936 over the last ninety days. Company insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DAL. Bank of America increased their target price on Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft lifted their price objective on Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Barclays upped their target price on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. lifted their price target on shares of Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Finally, Jefferies Financial Group upped their price objective on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Fourteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $78.22.

Delta Air Lines Trading Up 0.2 %

DAL stock opened at $68.57 on Friday. 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 twelve month low of $37.29 and a twelve month high of $69.98. The company has a market cap of $44.25 billion, a P/E ratio of 12.86, a PEG ratio of 0.79 and a beta of 1.35. The business has a fifty day moving average of $63.41 and a 200-day moving average of $53.70.

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

Delta Air Lines Company 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.