Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. cut its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 11.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 modified their holdings of the business. Brooklyn FI LLC acquired a new stake in shares of Delta Air Lines during the 4th quarter valued at about $321,000. Xponance Inc. lifted its stake in Delta Air Lines by 37.8% in 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 in the last quarter. Boston Partners purchased a new position in Delta Air Lines in the 4th quarter valued at about $328,398,000. Generali Asset Management SPA SGR purchased a new position in Delta Air Lines in the 4th quarter valued at about $2,954,000. Finally, Evoke Wealth LLC lifted its stake in Delta Air Lines by 6.8% in the 4th quarter. Evoke Wealth LLC now owns 6,462 shares of the transportation company’s stock valued at $391,000 after buying an additional 410 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on DAL shares. Citigroup decreased their price target on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a research note on Tuesday. Susquehanna raised their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. TD Cowen raised 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. Barclays decreased their target price on shares of 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, Deutsche Bank Aktiengesellschaft raised their target price on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $76.29.

Delta Air Lines Stock Down 1.7 %

Delta Air Lines stock opened at $46.92 on Friday. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two week high of $69.98. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The firm has a 50 day moving average price of $61.21 and a 200 day moving average price of $57.99. The company has a market capitalization of $30.33 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $14.20 billion. During the same quarter last year, the firm earned $1.28 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. Research analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 1.28%. Delta Air Lines’s dividend payout ratio (DPR) is presently 11.26%.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total value of $2,467,312.47. Following the completion of the transaction, the executive vice president now owns 52,789 shares in the company, valued at $3,425,478.21. The trade was a 41.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the business’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the completion of the transaction, the chief executive officer now owns 439,819 shares of the company’s stock, valued at approximately $30,721,357.15. This trade represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 162,886 shares of company stock worth $11,116,463. Insiders own 0.96% of the company’s stock.

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.