Brooklyn Investment Group Has $142,000 Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Brooklyn Investment Group boosted its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 17.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,346 shares of the transportation company’s stock after purchasing an additional 346 shares during the quarter. Brooklyn Investment Group’s holdings in Delta Air Lines were worth $142,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Sanders Capital LLC raised its position in shares of 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 in the last quarter. Geode Capital Management LLC raised its holdings in 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 valued at $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 during the 3rd quarter valued at $281,206,000. Castle Hook Partners LP acquired a new stake in shares of Delta Air Lines during the 3rd quarter worth $189,296,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Delta Air Lines by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,497,487 shares of the transportation company’s stock worth $177,637,000 after purchasing an additional 10,332 shares during the period. Institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling

In other news, SVP William C. Carroll sold 21,530 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $60.62, for a total value of $1,305,148.60. Following the transaction, the senior vice president now owns 19,756 shares in the company, valued at approximately $1,197,608.72. The trade was a 52.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Allison C. Ausband sold 7,510 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total transaction of $470,276.20. Following the sale, the executive vice president now owns 58,897 shares of the company’s stock, valued at approximately $3,688,130.14. This trade represents a 11.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 117,319 shares of company stock valued at $6,794,748 over the last ninety days. 0.96% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group increased their price objective on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. TD Cowen lifted 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 note on Monday, January 13th. StockNews.com upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Sanford C. Bernstein lifted their price target on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Finally, Susquehanna upped their price objective 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. Fourteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $78.22.

Delta Air Lines Trading Down 0.6 %

Shares of NYSE DAL opened at $65.81 on Friday. The stock has a market cap of $42.47 billion, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 1.05 and a beta of 1.35. The firm has a 50 day moving average price of $62.86 and a two-hundred day moving average price of $52.47. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. Delta Air Lines, Inc. has a 52-week low of $36.69 and a 52-week high of $68.99.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.09. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The business had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. During the same period last year, the company earned $1.28 EPS. Delta Air Lines’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities analysts forecast that Delta Air Lines, Inc. will post 7.35 EPS for the current year.

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.