Entropy Technologies LP Makes New Investment in Delta Air Lines, Inc. (NYSE:DAL)

Entropy Technologies LP acquired a new stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 22,356 shares of the transportation company's stock, valued at approximately $1,353,000.

Other hedge funds also recently modified their holdings of the company. Pzena Investment Management LLC bought a new position in Delta Air Lines in the third quarter worth $281,206,000. Castle Hook Partners LP bought a new position in Delta Air Lines in the third quarter worth $189,296,000. Sanders Capital LLC lifted its position in Delta Air Lines by 2.8% in the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company's stock worth $1,414,074,000 after purchasing an additional 749,099 shares during the period. Janney Montgomery Scott LLC lifted its position in Delta Air Lines by 419.5% in the third quarter. Janney Montgomery Scott LLC now owns 562,129 shares of the transportation company's stock worth $28,551,000 after purchasing an additional 453,926 shares during the period. Finally, Retirement Systems of Alabama lifted its position in Delta Air Lines by 325.7% in the fourth quarter. Retirement Systems of Alabama now owns 592,808 shares of the transportation company's stock worth $35,865,000 after purchasing an additional 453,547 shares during the period. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Price Performance

Shares of NYSE:DAL traded up $1.35 during midday trading on Friday, reaching $65.41. The company's stock had a trading volume of 6,046,263 shares, compared to its average volume of 8,219,538. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two week high of $69.98. The company has a market capitalization of $42.21 billion, a P/E ratio of 12.27, a P/E/G ratio of 0.80 and a beta of 1.36. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. The business's fifty day simple moving average is $64.12 and its 200-day simple moving average is $55.38.

Remove Ads

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.09. The firm had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The company's revenue was up 9.4% on a year-over-year basis. During the same period last year, the company earned $1.28 earnings per share. As a group, equities research analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.92%. Delta Air Lines's payout ratio is 11.26%.

Insider Buying and Selling

In other Delta Air Lines news, SVP William C. Carroll sold 6,783 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.94, for a total transaction of $447,271.02. Following the transaction, the senior vice president now owns 10,016 shares in the company, valued at approximately $660,455.04. This trade represents a 40.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the firm's stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total value of $6,405,943.50. Following the transaction, the chief executive officer now owns 439,819 shares in the company, valued at approximately $30,721,357.15. This trade represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 162,886 shares of company stock worth $11,116,463 over the last three months. 0.96% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on DAL. TD Cowen raised their target price on Delta Air Lines from $78.00 to $90.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft increased their price objective on Delta Air Lines from $60.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Susquehanna increased their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a "positive" rating in a research note on Tuesday, January 7th. The Goldman Sachs Group reiterated a "buy" rating and set a $83.00 price objective on shares of Delta Air Lines in a research note on Friday, November 15th. Finally, Citigroup increased their price objective on Delta Air Lines from $65.00 to $76.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Fourteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $78.22.

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.