one8zero8 LLC acquired a new position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 21,180 shares of the transportation company's stock, valued at approximately $1,281,000.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Natixis Advisors LLC grew its holdings in Delta Air Lines by 4.4% during the 4th quarter. Natixis Advisors LLC now owns 176,560 shares of the transportation company's stock worth $10,682,000 after acquiring an additional 7,504 shares during the last quarter. Picton Mahoney Asset Management grew its holdings in Delta Air Lines by 534.8% during the 4th quarter. Picton Mahoney Asset Management now owns 34,280 shares of the transportation company's stock worth $2,074,000 after acquiring an additional 28,880 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in Delta Air Lines by 4.3% during the 4th quarter. First Eagle Investment Management LLC now owns 14,505 shares of the transportation company's stock worth $878,000 after acquiring an additional 600 shares during the last quarter. Sienna Gestion grew its holdings in Delta Air Lines by 21.9% during the 4th quarter. Sienna Gestion now owns 118,580 shares of the transportation company's stock worth $7,173,000 after acquiring an additional 21,291 shares during the last quarter. Finally, Impact Capital Partners LLC acquired a new position in Delta Air Lines during the 4th quarter valued at about $227,000. Institutional investors own 69.93% of the company's stock.
Insider Transactions at Delta Air Lines
In related news, EVP Rahul D. Samant sold 17,970 shares of the firm's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $69.08, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP William C. Carroll sold 8,400 shares of the firm's stock in a transaction on Friday, January 17th. The shares were sold at an average price of $66.02, for a total transaction 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 $1,304,291.12. This represents a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 162,886 shares of company stock valued at $11,116,463 in the last ninety days. 0.96% of the stock is currently owned by corporate insiders.
Delta Air Lines Stock Down 1.7 %
DAL stock traded down $0.83 during mid-day trading on Thursday, hitting $46.92. 6,810,003 shares of the company were exchanged, compared to its average volume of 8,767,597. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The firm has a market cap of $30.33 billion, a P/E ratio of 8.80, a P/E/G ratio of 0.75 and a beta of 1.34. The firm's 50 day simple moving average is $61.50 and its 200 day simple moving average is $58.07. Delta Air Lines, Inc. has a 1-year low of $37.29 and a 1-year high of $69.98.
Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.09. The company had revenue of $15.56 billion during the quarter, compared to analysts' expectations of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business's quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the business earned $1.28 EPS. On average, sell-side analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.
Delta Air Lines Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.28%. Delta Air Lines's dividend payout ratio is currently 11.26%.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. Barclays cut their target price on shares of Delta Air Lines from $90.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Citigroup cut their target price on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a research report on Tuesday. StockNews.com upgraded shares of Delta Air Lines from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft upped their target price 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, Susquehanna upped their target price 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. Fourteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $76.29.
Read Our Latest Stock Analysis on Delta Air Lines
About Delta Air Lines
(
Free Report)
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.
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