Brooklyn FI LLC Takes $321,000 Position in Delta Air Lines, Inc. (NYSE:DAL)

Brooklyn FI LLC bought a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 5,488 shares of the transportation company’s stock, valued at approximately $321,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Xponance Inc. boosted its stake in shares of Delta Air Lines by 37.8% during the 4th quarter. Xponance Inc. now owns 88,859 shares of the transportation company’s stock valued at $5,376,000 after buying an additional 24,372 shares during the last quarter. Boston Partners bought a new position in Delta Air Lines during the fourth quarter worth $328,398,000. Generali Asset Management SPA SGR bought a new position in Delta Air Lines during the fourth quarter worth $2,954,000. Evoke Wealth LLC lifted its stake in Delta Air Lines by 6.8% during the fourth quarter. Evoke Wealth LLC now owns 6,462 shares of the transportation company’s stock worth $391,000 after purchasing an additional 410 shares during the last quarter. Finally, Horizon Investments LLC lifted its stake in Delta Air Lines by 8.1% during the fourth quarter. Horizon Investments LLC now owns 9,501 shares of the transportation company’s stock worth $575,000 after purchasing an additional 714 shares during the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Delta Air Lines

In related news, EVP Rahul D. Samant sold 38,023 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the completion of the transaction, the executive vice president now owns 52,789 shares of the company’s stock, valued at $3,425,478.21. This trade represents a 41.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $30,721,357.15. This represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 162,886 shares of company stock valued at $11,116,463 over the last 90 days. 0.96% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Susquehanna raised their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. Citigroup reduced their price objective on Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a research note on Tuesday. StockNews.com upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Barclays reduced their price objective on Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. Finally, TD Cowen increased their target price on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Delta Air Lines has a consensus rating of “Buy” and a consensus target price of $76.29.

Delta Air Lines Price Performance

Shares of DAL opened at $47.78 on Thursday. The firm has a market capitalization of $30.89 billion, a price-to-earnings ratio of 8.96, 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 quick ratio of 0.32 and a current ratio of 0.37. Delta Air Lines, Inc. has a one year low of $37.29 and a one year high of $69.98. The stock’s fifty day moving average is $61.50 and its 200-day moving average is $58.07.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $1.28 earnings per share. Equities analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 1.26%. Delta Air Lines’s dividend payout ratio is currently 11.26%.

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.