Healthcare of Ontario Pension Plan Trust Fund Grows Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 5,514.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 400,000 shares of the transportation company’s stock after acquiring an additional 392,875 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.06% of Delta Air Lines worth $20,316,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Future Financial Wealth Managment LLC purchased a new position in shares of Delta Air Lines during the third quarter valued at approximately $25,000. Kimelman & Baird LLC purchased a new position in Delta Air Lines during the second quarter valued at $31,000. Ashton Thomas Securities LLC bought a new stake in Delta Air Lines in the third quarter worth $31,000. Strategic Financial Concepts LLC purchased a new stake in shares of Delta Air Lines in the second quarter worth $36,000. Finally, Unique Wealth Strategies LLC bought a new position in shares of Delta Air Lines during the second quarter valued at $40,000. Institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, 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 directly owns 439,819 shares of the company’s stock, valued at $24,775,004.27. This trade represents a 13.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joanne D. Smith sold 3,431 shares of the company’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $50.46, for a total value of $173,128.26. Following the completion of the transaction, the executive vice president now directly owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. This trade represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,240 shares of company stock valued at $8,044,893 over the last 90 days. 0.96% of the stock is currently owned by corporate insiders.

Delta Air Lines Trading Down 0.8 %

Shares of DAL stock opened at $63.62 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34. The company has a market cap of $41.05 billion, a price-to-earnings ratio of 8.84, a PEG ratio of 1.23 and a beta of 1.33. Delta Air Lines, Inc. has a 1 year low of $35.46 and a 1 year high of $66.25. The firm has a fifty day moving average price of $56.41 and a 200-day moving average price of $49.47.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $14.65 billion. During the same period in the prior year, the firm posted $2.03 EPS. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities analysts predict that Delta Air Lines, Inc. will post 6.07 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The company also recently announced 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. This represents a $0.60 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Thursday, October 10th. Delta Air Lines’s payout ratio is 8.33%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DAL. The Goldman Sachs Group reiterated a “buy” rating and issued a $83.00 price target on shares of Delta Air Lines in a research note on Friday, November 15th. Sanford C. Bernstein increased their price target on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. UBS Group reiterated a “buy” rating and set a $88.00 target price on shares of Delta Air Lines in a research note on Tuesday. Finally, BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently 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.