Jump Financial LLC Takes Position in Delta Air Lines, Inc. (NYSE:DAL)

Jump Financial LLC bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 335,529 shares of the transportation company's stock, valued at approximately $20,300,000. Jump Financial LLC owned 0.05% of Delta Air Lines at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. WASHINGTON TRUST Co lifted its holdings in Delta Air Lines by 7.5% in the fourth quarter. WASHINGTON TRUST Co now owns 2,150 shares of the transportation company's stock valued at $130,000 after acquiring an additional 150 shares during the period. Hemington Wealth Management lifted its position in Delta Air Lines by 48.1% during 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. HighPoint Advisor Group LLC raised its holdings in shares of Delta Air Lines by 1.8% during the 4th quarter. HighPoint Advisor Group LLC now owns 8,555 shares of the transportation company's stock valued at $554,000 after buying an additional 155 shares during the period. Mason & Associates Inc boosted its position in Delta Air Lines by 3.2% in the 4th quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company's stock valued at $308,000 after buying an additional 160 shares during the last quarter. Finally, DAVENPORT & Co LLC grew its stake in Delta Air Lines by 1.2% during the 4th quarter. DAVENPORT & Co LLC now owns 14,298 shares of the transportation company's stock valued at $865,000 after purchasing an additional 173 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company's stock.

Delta Air Lines Stock Up 0.5 %

NYSE:DAL traded up $0.22 during midday trading on Friday, reaching $40.81. 8,109,884 shares of the stock traded hands, compared to its average volume of 9,273,822. The business has a 50-day moving average of $49.72 and a two-hundred day moving average of $57.29. The stock has a market capitalization of $26.38 billion, a PE ratio of 7.66, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. Delta Air Lines, Inc. has a 12-month low of $34.74 and a 12-month high of $69.98.

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

Delta Air Lines Announces Dividend

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

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the firm's stock in a transaction on 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 sale, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $30,721,357.15. This trade represents a 17.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Rahul D. Samant sold 38,023 shares of Delta Air Lines stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total value of $2,467,312.47. Following the transaction, 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 sold a total of 154,486 shares of company stock valued at $10,561,895 over the last three months. 0.96% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have weighed in on DAL shares. Barclays lowered their target price 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. UBS Group lowered shares of Delta Air Lines from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $77.00 to $42.00 in a research report on Monday, April 7th. Citigroup dropped their price target on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. Susquehanna reduced their price objective on Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a research report on Monday, April 7th. Finally, Jefferies Financial Group restated a "hold" rating and issued a $46.00 price target (down from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Delta Air Lines has a consensus rating of "Moderate Buy" and an average price target of $61.06.

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.