Brooklyn Investment Group Makes New $102,000 Investment in Delta Air Lines, Inc. (NYSE:DAL)

Brooklyn Investment Group purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,000 shares of the transportation company’s stock, valued at approximately $102,000.

A number of other large investors have also recently added to or reduced their stakes in DAL. Pzena Investment Management LLC purchased a new stake in Delta Air Lines in the 3rd quarter valued at approximately $281,206,000. Jupiter Asset Management Ltd. purchased a new position in Delta Air Lines in the 2nd quarter valued at about $60,217,000. Dimensional Fund Advisors LP boosted its stake in shares of Delta Air Lines by 12.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock worth $471,330,000 after purchasing an additional 1,105,674 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Delta Air Lines by 419.5% in the third quarter. Janney Montgomery Scott LLC now owns 562,129 shares of the transportation company’s stock valued at $28,551,000 after buying an additional 453,926 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Delta Air Lines by 159.8% during the second quarter. American Century Companies Inc. now owns 588,436 shares of the transportation company’s stock worth $27,915,000 after acquiring an additional 361,942 shares during the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Delta Air Lines news, CEO Edward H. Bastian sold 68,000 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $56.33, for a total value of $3,830,440.00. Following the sale, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $24,775,004.27. This trade represents a 13.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Joanne D. Smith sold 3,431 shares of the company’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $50.46, for a total transaction of $173,128.26. Following the transaction, the executive vice president now owns 108,990 shares of the company’s stock, valued at $5,499,635.40. This represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,240 shares of company stock valued at $8,044,893. Company insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Citigroup lifted their price objective on Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday. Susquehanna boosted their target price on shares of Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a report on Wednesday, October 9th. Bank of America increased their price target on shares of Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, UBS Group reiterated a “buy” rating and issued a $88.00 target price on shares of Delta Air Lines in a report on Tuesday. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Delta Air Lines currently has a consensus rating of “Buy” and a consensus target price of $75.83.

Delta Air Lines Stock Down 0.8 %

Shares of Delta Air Lines stock opened at $63.60 on Thursday. The company has a market capitalization of $41.04 billion, a PE ratio of 8.83, a P/E/G ratio of 1.23 and a beta of 1.33. The business has a 50-day moving average of $56.08 and a 200-day moving average of $49.37. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34. Delta Air Lines, Inc. has a 1-year low of $35.46 and a 1-year high of $66.25.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The firm had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.65 billion. During the same quarter last year, the business posted $2.03 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities analysts forecast that Delta Air Lines, Inc. will post 6.07 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.60 annualized dividend and a yield of 0.94%. Delta Air Lines’s payout ratio is 8.33%.

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.