Northwest & Ethical Investments L.P. Decreases Stake in Delta Air Lines, Inc. (NYSE:DAL)

Northwest & Ethical Investments L.P. lowered its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 11.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,797 shares of the transportation company's stock after selling 8,973 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Delta Air Lines were worth $4,283,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Natixis Advisors LLC grew its position in Delta Air Lines by 12.9% during the third quarter. Natixis Advisors LLC now owns 169,056 shares of the transportation company's stock valued at $8,587,000 after buying an additional 19,350 shares during the period. Swiss National Bank boosted its stake in Delta Air Lines by 0.7% in the third quarter. Swiss National Bank now owns 478,900 shares of the transportation company's stock valued at $24,323,000 after acquiring an additional 3,400 shares during the last quarter. Quest Partners LLC bought a new position in shares of Delta Air Lines during the 3rd quarter valued at approximately $453,000. Pathstone Holdings LLC increased its stake in shares of Delta Air Lines by 8.4% during the 3rd quarter. Pathstone Holdings LLC now owns 56,926 shares of the transportation company's stock worth $2,891,000 after purchasing an additional 4,413 shares during the last quarter. Finally, Caprock Group LLC raised its holdings in shares of Delta Air Lines by 15.0% in the 3rd quarter. Caprock Group LLC now owns 11,956 shares of the transportation company's stock worth $607,000 after purchasing an additional 1,559 shares during the period. Institutional investors own 69.93% of the company's stock.

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Delta Air Lines Price Performance

Shares of DAL stock traded down $0.21 during trading on Tuesday, hitting $48.67. The company had a trading volume of 8,225,843 shares, compared to its average volume of 8,798,769. Delta Air Lines, Inc. has a 52 week low of $37.29 and a 52 week high of $69.98. The stock has a market capitalization of $31.46 billion, a price-to-earnings ratio of 9.13, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The stock's 50-day moving average is $60.48 and its two-hundred day moving average is $58.29.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings results 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 net margin of 5.61% and a return on equity of 30.41%. The firm had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. During the same quarter in the prior year, the firm earned $1.28 EPS. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Thursday, February 27th. Delta Air Lines's payout ratio is currently 11.26%.

Insider Activity

In other news, SVP William C. Carroll sold 8,400 shares of the business's stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $66.02, for a total value of $554,568.00. Following the completion of the sale, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,304,291.12. The trade was a 29.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $30,721,357.15. This represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on DAL shares. UBS Group decreased their target price on Delta Air Lines from $90.00 to $77.00 and set a "buy" rating for the company in a research report on Tuesday, March 11th. TD Cowen upped their price target on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Citigroup lowered their target price on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Barclays cut their price target on Delta Air Lines from $90.00 to $80.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Finally, Susquehanna boosted 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 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 currently has a consensus rating of "Buy" and an average price target of $76.29.

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.