Northwestern Mutual Wealth Management Co. Raises Stake in Delta Air Lines, Inc. (DAL)

Northwestern Mutual Wealth Management Co. lifted its position in Delta Air Lines, Inc. (NYSE:DAL) by 25.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,017 shares of the transportation company’s stock after purchasing an additional 3,282 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Delta Air Lines were worth $897,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in shares of Delta Air Lines by 3.3% in the third quarter. Dimensional Fund Advisors LP now owns 7,821,694 shares of the transportation company’s stock worth $377,169,000 after purchasing an additional 250,731 shares during the last quarter. APG Asset Management N.V. increased its holdings in shares of Delta Air Lines by 12.3% in the third quarter. APG Asset Management N.V. now owns 4,100,199 shares of the transportation company’s stock worth $197,712,000 after purchasing an additional 449,700 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in shares of Delta Air Lines by 35.8% in the third quarter. Alyeska Investment Group L.P. now owns 4,003,366 shares of the transportation company’s stock worth $193,042,000 after purchasing an additional 1,055,182 shares during the last quarter. Investec Asset Management LTD bought a new stake in shares of Delta Air Lines in the third quarter worth about $157,977,000. Finally, American Century Companies Inc. increased its holdings in shares of Delta Air Lines by 8.4% in the third quarter. American Century Companies Inc. now owns 3,160,741 shares of the transportation company’s stock worth $152,411,000 after purchasing an additional 245,367 shares during the last quarter. 85.09% of the stock is currently owned by hedge funds and other institutional investors.

In other Delta Air Lines news, CEO Edward H. Bastian sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $52.79, for a total transaction of $1,055,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joanne D. Smith sold 894 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $56.50, for a total value of $50,511.00. Following the transaction, the executive vice president now owns 72,393 shares of the company’s stock, valued at approximately $4,090,204.50. The disclosure for this sale can be found here. Insiders have sold 363,447 shares of company stock worth $20,591,693 over the last three months. 0.37% of the stock is currently owned by insiders.

Several brokerages have recently issued reports on DAL. Stephens reaffirmed a “buy” rating and issued a $72.00 target price on shares of Delta Air Lines in a report on Wednesday, January 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $85.00 target price (up from $75.00) on shares of Delta Air Lines in a report on Wednesday, January 10th. Imperial Capital raised Delta Air Lines from an “in-line” rating to an “outperform” rating and set a $63.00 target price on the stock in a report on Thursday, October 12th. Sanford C. Bernstein set a $67.00 target price on Delta Air Lines and gave the stock a “buy” rating in a report on Wednesday, January 10th. Finally, Cowen lifted their target price on Delta Air Lines from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Delta Air Lines presently has a consensus rating of “Buy” and a consensus target price of $65.53.

Shares of Delta Air Lines, Inc. (NYSE DAL) opened at $52.52 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.42. Delta Air Lines, Inc. has a 52 week low of $43.81 and a 52 week high of $60.79. The firm has a market capitalization of $37,450.00, a P/E ratio of 10.63, a price-to-earnings-growth ratio of 0.73 and a beta of 1.14.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, January 11th. The transportation company reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.08. Delta Air Lines had a return on equity of 26.28% and a net margin of 8.67%. The company had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. equities analysts predict that Delta Air Lines, Inc. will post 6.46 EPS for the current fiscal year.

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Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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

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