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

Brooklyn Investment Group raised its stake in Delta Air Lines, Inc. (NYSE:DAL) by 17.3% in the 4th quarter, HoldingsChannel reports. The firm owned 2,346 shares of the transportation company’s stock after acquiring an additional 346 shares during the quarter. Brooklyn Investment Group’s holdings in Delta Air Lines were worth $142,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Future Financial Wealth Managment LLC bought a new stake in Delta Air Lines in the 3rd quarter valued at about $25,000. Modus Advisors LLC bought a new stake in shares of Delta Air Lines during the fourth quarter valued at approximately $33,000. Versant Capital Management Inc increased its holdings in shares of Delta Air Lines by 829.2% during the fourth quarter. Versant Capital Management Inc now owns 604 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 539 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Delta Air Lines in the 3rd quarter worth $31,000. Finally, Kimelman & Baird LLC acquired a new stake in Delta Air Lines in the 2nd quarter valued at $31,000. Institutional investors own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. The Goldman Sachs Group restated a “buy” rating and set a $83.00 price objective on shares of Delta Air Lines in a report on Friday, November 15th. Sanford C. Bernstein raised their price target on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Susquehanna boosted their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Bank of America raised their target price on Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, October 11th. Finally, Citigroup upped their price target on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Fourteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Delta Air Lines presently has an average rating of “Buy” and an average price target of $78.22.

Delta Air Lines Price Performance

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

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

Insider Activity

In other news, EVP Allison C. Ausband sold 7,510 shares of Delta Air Lines stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total transaction of $470,276.20. Following the completion of the sale, the executive vice president now directly owns 58,897 shares of the company’s stock, valued at approximately $3,688,130.14. The trade was a 11.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP William C. Carroll sold 21,530 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now owns 19,756 shares in the company, valued at $1,197,608.72. The trade was a 52.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,319 shares of company stock worth $6,794,748 in the last three months. Corporate insiders own 0.96% of the company’s stock.

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.