Glaxis Capital Management LLC Makes New $605,000 Investment in Delta Air Lines, Inc. (NYSE:DAL)

Glaxis Capital Management LLC purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,000 shares of the transportation company's stock, valued at approximately $605,000. Delta Air Lines comprises approximately 1.7% of Glaxis Capital Management LLC's investment portfolio, making the stock its 19th largest holding.

Other hedge funds also recently modified their holdings of the company. New Wave Wealth Advisors LLC purchased a new position in Delta Air Lines in the fourth quarter valued at approximately $27,000. Hemington Wealth Management grew its position in shares of Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock worth $28,000 after acquiring an additional 154 shares during the last quarter. Roxbury Financial LLC bought a new position in shares of Delta Air Lines during the fourth quarter worth about $29,000. Crews Bank & Trust bought a new position in Delta Air Lines in the 4th quarter valued at about $30,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Delta Air Lines in the 3rd quarter valued at about $31,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DAL shares. StockNews.com upgraded Delta Air Lines from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. The Goldman Sachs Group reiterated a "buy" rating and set a $83.00 price target on shares of Delta Air Lines in a report on Friday, November 15th. Susquehanna increased their price objective on Delta Air Lines from $59.00 to $75.00 and gave the company a "positive" rating in a research report on Tuesday, January 7th. Barclays reduced their price objective on Delta Air Lines from $90.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Delta Air Lines from $60.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Fourteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $76.60.

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Delta Air Lines Stock Performance

Shares of NYSE:DAL opened at $46.65 on Wednesday. Delta Air Lines, Inc. has a twelve month low of $37.29 and a twelve month high of $69.98. The firm has a market cap of $30.15 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34. 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 business has a fifty day moving average of $63.19 and a 200-day moving average of $57.99.

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. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. During the same period last year, the company earned $1.28 earnings per share. The company's revenue was up 9.4% on a year-over-year basis. On average, equities research analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, February 27th. Delta Air Lines's dividend payout ratio (DPR) is 11.26%.

Insiders Place Their Bets

In other news, SVP William C. Carroll sold 6,783 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total transaction of $447,271.02. Following the completion of the sale, the senior vice president now directly owns 10,016 shares in the company, valued at approximately $660,455.04. This represents a 40.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Rahul D. Samant sold 38,023 shares of the company's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total value of $2,467,312.47. Following the sale, the executive vice president now owns 52,789 shares of the company's stock, valued at approximately $3,425,478.21. This represents a 41.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 162,886 shares of company stock valued at $11,116,463 in the last 90 days. 0.96% of the stock is currently owned by insiders.

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.

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