IFM Investors Pty Ltd Has $1.38 Million Stock Holdings in Delta Air Lines, Inc. $DAL

Key Points

• IFM Investors Pty Ltd increased its stake in Delta Air Lines by 26.6%, holding a total of 28,023 shares valued at approximately $1.38 million.
• Insider trading activity included sales from EVP Steven M. Sear and Director Michael P. Huerta, with a total of 136,473 shares sold over the last ninety days, amounting to about $7.66 million.
• Analysts have raised price targets for Delta Air Lines, with Bernstein Bank setting a new target of $66.00 and UBS Group aiming for $72.00, indicating a generally positive outlook on the stock.

IFM Investors Pty Ltd boosted its stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 26.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,023 shares of the transportation company's stock after purchasing an additional 5,893 shares during the quarter. IFM Investors Pty Ltd's holdings in Delta Air Lines were worth $1,378,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wealth Preservation Advisors LLC acquired a new position in shares of Delta Air Lines during the first quarter worth about $31,000. Zions Bancorporation National Association UT acquired a new position in Delta Air Lines during the first quarter valued at approximately $33,000. Hara Capital LLC acquired a new position in Delta Air Lines during the first quarter valued at approximately $35,000. N.E.W. Advisory Services LLC acquired a new position in Delta Air Lines during the first quarter valued at approximately $40,000. Finally, Private Wealth Management Group LLC boosted its position in Delta Air Lines by 104.8% during the first quarter. Private Wealth Management Group LLC now owns 991 shares of the transportation company's stock valued at $43,000 after purchasing an additional 507 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP Steven M. Sear sold 18,000 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $55.96, for a total transaction of $1,007,280.00. Following the sale, the executive vice president owned 97,505 shares in the company, valued at $5,456,379.80. This trade represents a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael P. Huerta sold 2,500 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total value of $151,750.00. Following the sale, the director owned 33,245 shares in the company, valued at $2,017,971.50. The trade was a 6.99% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 136,473 shares of company stock valued at $7,663,496. 0.96% of the stock is currently owned by company insiders.

Delta Air Lines Trading Down 1.4%

NYSE:DAL opened at $58.93 on Tuesday. The company has a market cap of $38.48 billion, a P/E ratio of 8.54, a P/E/G ratio of 1.82 and a beta of 1.51. The stock's fifty day moving average price is $57.95 and its two-hundred day moving average price is $50.58. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.38 and a quick ratio of 0.33.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings data on Thursday, July 10th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.01 by $0.09. Delta Air Lines had a return on equity of 24.86% and a net margin of 7.24%.The company had revenue of $15.51 billion for the quarter, compared to the consensus estimate of $16.16 billion. During the same quarter last year, the business posted $2.36 earnings per share. The firm's revenue was down .1% compared to the same quarter last year. As a group, analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Wall Street Analyst Weigh In

DAL has been the subject of several recent research reports. Bernstein Bank increased their price target on Delta Air Lines from $60.00 to $66.00 and gave the company an "outperform" rating in a research report on Friday, July 11th. HSBC raised their price objective on Delta Air Lines from $64.00 to $69.20 in a research report on Friday, July 11th. TD Cowen raised their price objective on Delta Air Lines from $55.00 to $66.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Delta Air Lines in a research report on Friday, July 11th. Finally, UBS Group set a $72.00 price objective on Delta Air Lines in a research report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $66.56.

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.

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