Jennison Associates LLC Has $54.10 Million Position in Delta Air Lines, Inc. (NYSE:DAL)

Jennison Associates LLC boosted its stake in Delta Air Lines, Inc. (NYSE:DAL) by 0.8% during the 4th quarter, HoldingsChannel reports. The fund owned 894,143 shares of the transportation company’s stock after acquiring an additional 7,364 shares during the quarter. Jennison Associates LLC’s holdings in Delta Air Lines were worth $54,096,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new position in shares of Delta Air Lines in the third quarter valued at $25,000. New Wave Wealth Advisors LLC bought a new stake in shares of Delta Air Lines during the 4th quarter valued at $27,000. Crews Bank & Trust acquired a new stake in shares of Delta Air Lines during the 4th quarter worth approximately $30,000. Ashton Thomas Securities LLC bought a new position in Delta Air Lines in the third quarter valued at about $31,000. Finally, Modus Advisors LLC bought a new stake in shares of Delta Air Lines during the fourth quarter worth $33,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

Shares of DAL opened at $66.55 on Tuesday. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98. The firm has a market cap of $42.94 billion, a PE ratio of 12.49, a PEG ratio of 0.78 and a beta of 1.35. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. The stock’s fifty day moving average price is $63.59 and its two-hundred day moving average price is $54.09.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. The company had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. Delta Air Lines’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business earned $1.28 earnings per share. On average, equities research analysts forecast that Delta Air Lines, Inc. will post 7.67 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Bank of America increased their price objective on Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, October 11th. Barclays raised their price target 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. Citigroup boosted their price objective on Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. UBS Group restated a “buy” rating and issued a $88.00 target price on shares of Delta Air Lines in a report on Tuesday, November 26th. Finally, Susquehanna raised their price objective on Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. Fourteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $78.22.

Insider Buying and Selling at Delta Air Lines

In related news, EVP Allison C. Ausband sold 7,510 shares of Delta Air Lines stock in a transaction 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 owns 58,897 shares in the company, valued at $3,688,130.14. The trade was a 11.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP William C. Carroll sold 21,530 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $60.62, for a total value of $1,305,148.60. Following the completion of the sale, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,197,608.72. The trade was a 52.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 129,150 shares of company stock valued at $8,735,936 in the last 90 days. Corporate insiders own 0.96% 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.