Arrow Capital Pty Ltd Purchases New Position in Delta Air Lines, Inc. (NYSE:DAL)

Arrow Capital Pty Ltd purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 70,521 shares of the transportation company's stock, valued at approximately $4,267,000. Delta Air Lines comprises about 3.9% of Arrow Capital Pty Ltd's holdings, making the stock its 7th biggest holding.

Other large investors have also made changes to their positions in the company. New Wave Wealth Advisors LLC purchased a new stake in Delta Air Lines in the 4th quarter worth approximately $27,000. Hemington Wealth Management increased its holdings in Delta Air Lines by 48.1% in the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock valued at $28,000 after buying an additional 154 shares in the last quarter. Roxbury Financial LLC purchased a new stake in shares of Delta Air Lines during the 4th quarter worth about $29,000. Crews Bank & Trust acquired a new stake in shares of Delta Air Lines during the 4th quarter valued at about $30,000. Finally, Modus Advisors LLC acquired a new position in Delta Air Lines in the 4th quarter worth about $33,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Delta Air Lines Trading Up 0.5 %

Shares of Delta Air Lines stock traded up $0.22 during trading hours on Friday, hitting $40.81. The company's stock had a trading volume of 8,109,884 shares, compared to its average volume of 9,273,830. The firm has a fifty day moving average of $49.72 and a 200-day moving average of $57.35. 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 stock has a market cap of $26.65 billion, a price-to-earnings ratio of 7.66, a P/E/G ratio of 0.75 and a beta of 1.23. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.38). The company had revenue of $12.98 billion for the quarter, compared to analysts' expectations of $13.85 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The company's quarterly revenue was down 5.6% compared to the same quarter last year. During the same period last year, the business earned $0.45 EPS. Research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Thursday, February 27th. Delta Air Lines's dividend payout ratio is currently 10.64%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on DAL shares. Dbs Bank downgraded Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Susquehanna decreased their price objective on shares of Delta Air Lines from $80.00 to $50.00 and set a "positive" rating on the stock in a report on Monday, April 7th. The Goldman Sachs Group reduced their price target on shares of Delta Air Lines from $83.00 to $60.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Barclays reduced their target price on Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, StockNews.com cut Delta Air Lines from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $61.06.

Insiders Place Their Bets

In related news, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the completion of the transaction, the chief executive officer now owns 439,819 shares in the company, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the sale, the executive vice president now owns 52,789 shares in the company, valued at approximately $3,425,478.21. This trade represents a 41.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 154,486 shares of company stock worth $10,561,895 over the last three months. Company insiders own 0.96% of the company's stock.

Delta Air Lines Company 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.