Northwest & Ethical Investments L.P. Decreases Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Northwest & Ethical Investments L.P. reduced its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 11.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Brooklyn FI LLC purchased a new stake in shares of Delta Air Lines during the 4th quarter worth $321,000. Xponance Inc. lifted its position in shares of Delta Air Lines by 37.8% during the 4th quarter. Xponance Inc. now owns 88,859 shares of the transportation company’s stock worth $5,376,000 after purchasing an additional 24,372 shares during the last quarter. Boston Partners purchased a new stake in shares of Delta Air Lines during the 4th quarter worth $328,398,000. Generali Asset Management SPA SGR purchased a new stake in shares of Delta Air Lines during the 4th quarter worth $2,954,000. Finally, Evoke Wealth LLC lifted its position in shares of Delta Air Lines by 6.8% during the 4th quarter. Evoke Wealth LLC now owns 6,462 shares of the transportation company’s stock worth $391,000 after purchasing an additional 410 shares during the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 8,400 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $66.02, for a total value of $554,568.00. Following the completion of the transaction, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at approximately $1,304,291.12. This trade represents a 29.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Rahul D. Samant sold 17,970 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following the completion of the transaction, the executive vice president now directly owns 35,889 shares of the company’s stock, valued at approximately $2,479,212.12. This trade represents a 33.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 162,886 shares of company stock worth $11,116,463 over the last ninety days. 0.96% of the stock is currently owned by company insiders.

Delta Air Lines Trading Down 1.7 %

Shares of Delta Air Lines stock opened at $46.92 on Friday. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The company’s 50-day simple moving average is $61.21 and its 200-day simple moving average is $57.99. The firm has a market cap of $30.33 billion, a price-to-earnings 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 issued its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. During the same period in the previous year, the business posted $1.28 earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.28%. Delta Air Lines’s dividend payout ratio (DPR) is 11.26%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DAL shares. Susquehanna boosted 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 report on Tuesday, January 7th. UBS Group reduced their price target on shares of Delta Air Lines from $90.00 to $77.00 and set a “buy” rating for the company in a research report on Tuesday, March 11th. Citigroup reduced their price target on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating for the company in a research report on Tuesday. TD Cowen boosted 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 report on Monday, January 13th. Finally, Barclays reduced their price target on shares of Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Fourteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $76.29.

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.