Coastwise Capital Group LLC Has $818,000 Position in Delta Air Lines, Inc. (NYSE:DAL)

Coastwise Capital Group LLC boosted its position in Delta Air Lines, Inc. (NYSE:DAL) by 16.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,111 shares of the transportation company’s stock after buying an additional 2,279 shares during the quarter. Coastwise Capital Group LLC’s holdings in Delta Air Lines were worth $818,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Benjamin Edwards Inc. lifted its position in shares of Delta Air Lines by 2,742.4% in the third quarter. Benjamin Edwards Inc. now owns 31,096 shares of the transportation company’s stock worth $1,579,000 after purchasing an additional 30,002 shares in the last quarter. Atom Investors LP acquired a new stake in Delta Air Lines in the 3rd quarter valued at $950,000. True Wealth Design LLC lifted its position in Delta Air Lines by 7,748.0% during the 3rd quarter. True Wealth Design LLC now owns 1,962 shares of the transportation company’s stock worth $100,000 after buying an additional 1,937 shares in the last quarter. Encompass More Asset Management acquired a new position in shares of Delta Air Lines during the 3rd quarter worth about $239,000. Finally, Edgestream Partners L.P. grew its holdings in shares of Delta Air Lines by 136.7% in the 3rd quarter. Edgestream Partners L.P. now owns 130,139 shares of the transportation company’s stock valued at $6,610,000 after acquiring an additional 75,165 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Up 0.3 %

Shares of Delta Air Lines stock opened at $63.82 on Monday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. The firm has a 50-day moving average of $56.75 and a 200-day moving average of $49.50. Delta Air Lines, Inc. has a 52-week low of $36.19 and a 52-week high of $66.25. The stock has a market cap of $41.18 billion, a PE ratio of 8.86, a PEG ratio of 1.21 and a beta of 1.33.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data 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 business had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.65 billion. During the same period in the prior year, the firm earned $2.03 EPS. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, sell-side analysts forecast that Delta Air Lines, Inc. will post 6.07 EPS for the current year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were given a dividend of $0.15 per share. The ex-dividend date of this dividend 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 payout ratio is 8.33%.

Analyst Upgrades and Downgrades

DAL has been the topic of several recent analyst reports. Bank of America boosted their price target on Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. UBS Group restated a “buy” rating and set a $88.00 target price on shares of Delta Air Lines in a report on Tuesday, November 26th. TD Cowen upped their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft lifted 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 report on Thursday, November 21st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $83.00 target price on shares of Delta Air Lines in a report on Friday, November 15th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $75.83.

Insider Transactions at Delta Air Lines

In related news, SVP William C. Carroll sold 21,530 shares of Delta Air Lines stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at $1,197,608.72. This trade represents a 52.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Alain Bellemare sold 19,490 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $55.26, for a total transaction of $1,077,017.40. Following the transaction, the executive vice president now owns 121,961 shares of the company’s stock, valued at approximately $6,739,564.86. This represents a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 140,240 shares of company stock valued at $8,044,893. 0.96% of the stock is owned by corporate insiders.

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.