Northwest & Ethical Investments L.P. Purchases 1,644 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Northwest & Ethical Investments L.P. lifted its position in Delta Air Lines, Inc. (NYSE:DAL) by 2.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 79,770 shares of the transportation company’s stock after purchasing an additional 1,644 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Delta Air Lines were worth $4,052,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in DAL. Price T Rowe Associates Inc. MD grew its holdings in shares of Delta Air Lines by 1.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 872,836 shares of the transportation company’s stock worth $41,784,000 after purchasing an additional 8,797 shares during the last quarter. Wahed Invest LLC grew its holdings in shares of Delta Air Lines by 14.0% in the 1st quarter. Wahed Invest LLC now owns 3,134 shares of the transportation company’s stock worth $150,000 after purchasing an additional 386 shares during the last quarter. Swedbank AB bought a new stake in shares of Delta Air Lines in the 1st quarter worth about $5,646,000. Atria Investments Inc bought a new stake in shares of Delta Air Lines in the 1st quarter worth about $1,152,000. Finally, Burney Co. grew its holdings in shares of Delta Air Lines by 159.3% in the 1st quarter. Burney Co. now owns 14,946 shares of the transportation company’s stock worth $715,000 after purchasing an additional 9,183 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Insider Activity

In related news, SVP William C. Carroll sold 21,530 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the completion of the sale, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at approximately $1,197,608.72. This represents a 52.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alain Bellemare sold 19,490 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $55.26, for a total value of $1,077,017.40. Following the sale, the executive vice president now directly owns 121,961 shares of the company’s stock, valued at approximately $6,739,564.86. The trade was a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,240 shares of company stock valued at $8,044,893 in the last ninety days. 0.96% of the stock is owned by insiders.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $63.62 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34. The stock has a market cap of $41.05 billion, a PE ratio of 8.84, a price-to-earnings-growth ratio of 1.23 and a beta of 1.33. The stock has a 50-day moving average of $56.41 and a 200-day moving average of $49.47. Delta Air Lines, Inc. has a one year low of $35.46 and a one year high of $66.25.

Delta Air Lines (NYSE:DAL) last announced 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). The company had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.65 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $2.03 earnings per share. As a group, sell-side analysts expect that Delta Air Lines, Inc. will post 6.07 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid a $0.15 dividend. The ex-dividend date was Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.94%. Delta Air Lines’s dividend payout ratio (DPR) is presently 8.33%.

Wall Street Analysts Forecast Growth

DAL has been the subject of several research reports. Bank of America raised their price objective on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. raised their price target on shares of Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft upped their price objective on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Citigroup lifted their target price on Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Sanford C. Bernstein upped 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. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $75.83.

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.