2,000 Shares in Delta Air Lines, Inc. (NYSE:DAL) Purchased by Brooklyn Investment Group

Brooklyn Investment Group bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,000 shares of the transportation company’s stock, valued at approximately $102,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC bought a new position in Delta Air Lines during the third quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Delta Air Lines in the 3rd quarter worth approximately $31,000. Kimelman & Baird LLC acquired a new position in shares of Delta Air Lines in the 2nd quarter worth approximately $31,000. Unique Wealth Strategies LLC bought a new stake in shares of Delta Air Lines in the 2nd quarter worth approximately $40,000. Finally, Quarry LP acquired a new stake in Delta Air Lines during the second quarter valued at approximately $41,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP Joanne D. Smith sold 3,431 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $50.46, for a total transaction of $173,128.26. Following the completion of the sale, the executive vice president now directly owns 108,990 shares in the company, valued at $5,499,635.40. This represents a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alain Bellemare sold 19,490 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $55.26, for a total value of $1,077,017.40. Following the completion of the sale, the executive vice president now directly owns 121,961 shares in the company, valued at approximately $6,739,564.86. This represents a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 140,240 shares of company stock worth $8,044,893 over the last 90 days. Insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on DAL. TD Cowen upped their price target on Delta Air Lines from $59.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Susquehanna upped their target price on Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a report on Wednesday, October 9th. Jefferies Financial Group lifted their price target on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Citigroup upped their price objective on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Sanford C. Bernstein lifted their target price on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $75.83.

Delta Air Lines Price Performance

Shares of DAL opened at $63.60 on Thursday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. The firm has a market cap of $41.04 billion, a PE ratio of 8.83, a PEG ratio of 1.23 and a beta of 1.33. Delta Air Lines, Inc. has a twelve month low of $35.46 and a twelve month high of $66.25. The firm’s 50 day moving average price is $56.08 and its 200 day moving average price is $49.37.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.02). Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The business had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.65 billion. During the same period in the previous year, the company earned $2.03 earnings per share. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, research analysts expect that Delta Air Lines, Inc. will post 6.07 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a yield of 0.94%. Delta Air Lines’s payout ratio is currently 8.33%.

About Delta Air Lines

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.