Coastwise Capital Group LLC Buys 2,279 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Coastwise Capital Group LLC raised its stake in Delta Air Lines, Inc. (NYSE:DAL) by 16.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 16,111 shares of the transportation company’s stock after buying an additional 2,279 shares during the period. Coastwise Capital Group LLC’s holdings in Delta Air Lines were worth $818,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Future Financial Wealth Managment LLC bought a new stake in Delta Air Lines during the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Delta Air Lines during the third quarter worth $31,000. Kimelman & Baird LLC bought a new stake in shares of Delta Air Lines in the second quarter worth $31,000. Unique Wealth Strategies LLC acquired a new stake in Delta Air Lines in the second quarter valued at $40,000. Finally, Quarry LP bought a new position in Delta Air Lines during the 2nd quarter worth $41,000. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Up 0.3 %

NYSE:DAL opened at $63.82 on Monday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34. Delta Air Lines, Inc. has a one year low of $36.19 and a one year high of $66.25. The company 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. The firm has a 50-day moving average of $56.75 and a 200-day moving average of $49.50.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.03 earnings per share. As a group, equities research analysts expect that Delta Air Lines, Inc. will post 6.07 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Thursday, October 10th. Delta Air Lines’s payout ratio is currently 8.33%.

Insider Buying and Selling

In other news, SVP William C. Carroll sold 21,530 shares of Delta Air Lines stock in a transaction 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 sale, the senior vice president now directly owns 19,756 shares in the company, valued at $1,197,608.72. The trade was a 52.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Edward H. Bastian sold 68,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $56.33, for a total transaction of $3,830,440.00. Following the sale, the chief executive officer now owns 439,819 shares of the company’s stock, valued at $24,775,004.27. This trade represents a 13.39 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 140,240 shares of company stock worth $8,044,893. 0.96% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. 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 report on Tuesday, October 8th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $83.00 price objective on shares of Delta Air Lines in a research note on Friday, November 15th. Susquehanna lifted their target price on shares of Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a research note on Wednesday, October 9th. Jefferies Financial Group upped their target price on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. One 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 stock. Based on data from MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and a consensus price target 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.