Delta Air Lines, Inc. (NYSE:DAL) Shares Bought by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. raised its position in Delta Air Lines, Inc. (NYSE:DAL) by 7.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,439 shares of the transportation company’s stock after purchasing an additional 318 shares during the period. Brown Brothers Harriman & Co.’s holdings in Delta Air Lines were worth $225,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DAL. BOKF NA grew its holdings in Delta Air Lines by 66.7% in the first quarter. BOKF NA now owns 2,274 shares of the transportation company’s stock valued at $110,000 after purchasing an additional 910 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Delta Air Lines by 1.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 872,836 shares of the transportation company’s stock valued at $41,784,000 after acquiring an additional 8,797 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of Delta Air Lines by 5.5% in the first quarter. B. Riley Wealth Advisors Inc. now owns 44,144 shares of the transportation company’s stock valued at $2,113,000 after acquiring an additional 2,301 shares in the last quarter. iA Global Asset Management Inc. lifted its position in shares of Delta Air Lines by 121.5% in the first quarter. iA Global Asset Management Inc. now owns 34,385 shares of the transportation company’s stock valued at $1,646,000 after acquiring an additional 18,863 shares in the last quarter. Finally, Wahed Invest LLC lifted its position in shares of Delta Air Lines by 14.0% in the first quarter. Wahed Invest LLC now owns 3,134 shares of the transportation company’s stock valued at $150,000 after acquiring an additional 386 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Price Performance

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

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The company 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 EPS. Delta Air Lines’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities analysts predict that Delta Air Lines, Inc. will post 6.07 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.94%. Delta Air Lines’s dividend payout ratio (DPR) is presently 8.33%.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines 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 transaction, the senior vice president now owns 19,756 shares of the company’s stock, valued at $1,197,608.72. This trade represents a 52.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Joanne D. Smith sold 3,431 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $50.46, for a total value of $173,128.26. Following the transaction, the executive vice president now directly owns 108,990 shares in the company, valued at approximately $5,499,635.40. This represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 140,240 shares of company stock worth $8,044,893 in the last 90 days. 0.96% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DAL. Deutsche Bank Aktiengesellschaft increased their target price on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. The Goldman Sachs Group reiterated a “buy” rating and set a $83.00 target price on shares of Delta Air Lines in a research report on Friday, November 15th. UBS Group reiterated a “buy” rating and set a $88.00 target price on shares of Delta Air Lines in a research report on Tuesday. Finally, Susquehanna increased their target price on Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and an average target price of $75.83.

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.