Greenland Capital Management LP Takes Position in Delta Air Lines, Inc. (NYSE:DAL)

Greenland Capital Management LP acquired a new position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,000 shares of the transportation company's stock, valued at approximately $726,000.

Other large investors have also recently bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new position in Delta Air Lines during the 4th quarter worth $27,000. Roxbury Financial LLC acquired a new position in shares of Delta Air Lines during the fourth quarter valued at $29,000. 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. Crews Bank & Trust acquired a new stake in shares of Delta Air Lines in the 4th quarter worth about $30,000. Finally, Modus Advisors LLC bought a new stake in Delta Air Lines in the 4th quarter valued at about $33,000. Institutional investors own 69.93% of the company's stock.

Analysts Set New Price Targets

DAL has been the topic of several analyst reports. The Goldman Sachs Group dropped their price target on shares of Delta Air Lines from $83.00 to $60.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. TD Cowen boosted their price target on Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday. UBS Group lowered Delta Air Lines from a "buy" rating to a "neutral" rating and lowered their price target for the company from $77.00 to $42.00 in a report on Monday, April 7th. Bank of America reduced their price objective on shares of Delta Air Lines from $65.00 to $56.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Finally, Barclays reduced their price target on shares of Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.06.

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Delta Air Lines Stock Performance

Shares of NYSE:DAL traded down $0.88 during trading on Monday, reaching $40.00. The stock had a trading volume of 4,593,818 shares, compared to its average volume of 9,271,550. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The stock has a fifty day simple moving average of $52.37 and a two-hundred day simple moving average of $57.73. The firm has a market capitalization of $25.86 billion, a price-to-earnings ratio of 7.50, a P/E/G ratio of 0.75 and a beta of 1.23. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). The firm had revenue of $12.98 billion for the quarter, compared to analyst estimates of $13.85 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm's revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. As a group, analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently declared 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 1.50%. The ex-dividend date of this dividend was Thursday, February 27th. Delta Air Lines's dividend payout ratio is currently 11.26%.

Insider Transactions at Delta Air Lines

In other news, SVP William C. Carroll sold 8,400 shares of the business's stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $66.02, for a total transaction of $554,568.00. Following the transaction, the senior vice president now owns 19,756 shares in the company, valued at approximately $1,304,291.12. The trade was a 29.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the completion of the sale, the executive vice president now owns 52,789 shares of the company's stock, valued at approximately $3,425,478.21. The trade was a 41.87 % 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 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.