5,488 Shares in Delta Air Lines, Inc. (NYSE:DAL) Acquired by Brooklyn FI LLC

Brooklyn FI LLC acquired a new position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,488 shares of the transportation company's stock, valued at approximately $321,000.

Several other hedge funds and other institutional investors also recently modified their holdings of DAL. Sanders Capital LLC increased its holdings in Delta Air Lines by 2.8% in the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company's stock valued at $1,414,074,000 after buying an additional 749,099 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Delta Air Lines by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company's stock worth $789,452,000 after acquiring an additional 416,338 shares in the last quarter. Pzena Investment Management LLC bought a new stake in shares of Delta Air Lines in the 3rd quarter valued at approximately $281,206,000. Boston Partners acquired a new stake in shares of Delta Air Lines during the 4th quarter valued at approximately $328,398,000. Finally, Castle Hook Partners LP acquired a new position in Delta Air Lines in the third quarter worth $189,296,000. Institutional investors own 69.93% of the company's stock.

Delta Air Lines Price Performance

Shares of NYSE DAL traded up $2.12 during mid-day trading on Monday, reaching $48.89. 9,834,112 shares of the company traded hands, compared to its average volume of 8,799,891. The firm has a market cap of $31.61 billion, a PE ratio of 9.17, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two week high of $69.98. The stock has a fifty day simple moving average of $60.80 and a 200-day simple moving average of $58.25.

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Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The company had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. During the same quarter in the previous year, the business earned $1.28 EPS. The company's quarterly revenue was up 9.4% compared to the same quarter last year. Equities research analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.23%. Delta Air Lines's dividend payout ratio (DPR) is 11.26%.

Insider Transactions at Delta Air Lines

In related news, EVP Rahul D. Samant sold 17,970 shares of Delta Air Lines stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total value of $1,241,367.60. Following the transaction, the executive vice president now directly owns 35,889 shares in the company, valued at $2,479,212.12. The trade was a 33.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Edward H. Bastian sold 91,710 shares of the company's stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the sale, the chief executive officer now directly owns 439,819 shares of the company's stock, valued at approximately $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 162,886 shares of company stock valued at $11,116,463 in the last quarter. Insiders own 0.96% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DAL shares. TD Cowen boosted their price objective on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a "buy" rating in a research report on Monday, January 13th. StockNews.com upgraded Delta Air Lines from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Susquehanna increased their target price on Delta Air Lines from $59.00 to $75.00 and gave the stock a "positive" rating in a research report on Tuesday, January 7th. Citigroup reduced their price target on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. Finally, UBS Group dropped their price objective on shares of Delta Air Lines from $90.00 to $77.00 and set a "buy" rating on the stock in a report on Tuesday, March 11th. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $76.29.

Delta Air Lines Company 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.