This morning we watched Delta Air Lines drop -3.5% to a price of $43.83 per share. The Large-Cap Airlines company is now trading -27.71% below its average target price of $60.63. Analysts have set target prices ranging from $45.32 to $85.0 per share for Delta Air Lines, and have given the stock an average rating of buy.
Delta Air Lines's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 4.6%. The stock's short ratio is 3.62. The company's insiders own 0.3% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 75.4%. In conclusion, we believe there is mixed market sentiment regarding Delta Air Lines.
Institutions Invested in Delta Air Lines
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 11% | 71,549,009 | $3,135,993,195 |
| 2024-03-31 | Blackrock Inc. | 7% | 43,038,672 | $1,886,385,072 |
| 2024-03-31 | Primecap Management Company | 4% | 22,567,823 | $989,147,723 |
| 2024-03-31 | State Street Corporation | 3% | 22,187,040 | $972,458,003 |
| 2024-03-31 | Sanders Capital, LLC | 3% | 21,666,403 | $949,638,483 |
| 2024-03-31 | Capital International Investors | 3% | 20,931,791 | $917,440,437 |
| 2024-03-31 | Capital World Investors | 2% | 15,030,836 | $658,801,569 |
| 2024-03-31 | Wellington Management Group, LLP | 2% | 14,758,540 | $646,866,835 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 14,660,555 | $642,572,152 |
| 2024-03-31 | Morgan Stanley | 2% | 11,868,261 | $520,185,901 |
