Picton Mahoney Asset Management Boosts Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Picton Mahoney Asset Management raised its stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 534.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 34,280 shares of the transportation company's stock after purchasing an additional 28,880 shares during the quarter. Picton Mahoney Asset Management's holdings in Delta Air Lines were worth $2,074,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DAL. Assetmark Inc. lifted its position in Delta Air Lines by 68.1% in the third quarter. Assetmark Inc. now owns 3,006 shares of the transportation company's stock valued at $153,000 after purchasing an additional 1,218 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Delta Air Lines in the third quarter valued at approximately $517,000. Aptus Capital Advisors LLC lifted its position in Delta Air Lines by 18.1% in the third quarter. Aptus Capital Advisors LLC now owns 9,631 shares of the transportation company's stock valued at $489,000 after purchasing an additional 1,478 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Delta Air Lines by 12.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 40,965 shares of the transportation company's stock valued at $2,081,000 after acquiring an additional 4,447 shares in the last quarter. Finally, Huntington National Bank raised its holdings in shares of Delta Air Lines by 2.9% during the third quarter. Huntington National Bank now owns 6,679 shares of the transportation company's stock valued at $339,000 after acquiring an additional 189 shares in the last quarter. Institutional investors own 69.93% of the company's stock.

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Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the 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 of the company's stock, valued at approximately $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP William C. Carroll sold 6,783 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $65.94, for a total value of $447,271.02. Following the completion of the transaction, 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 162,886 shares of company stock valued at $11,116,463. 0.96% of the stock is owned by company insiders.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock traded down $0.83 during trading on Thursday, hitting $46.92. 6,809,502 shares of the company's stock traded hands, compared to its average volume of 8,767,594. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98. The stock has a market capitalization of $30.33 billion, a P/E ratio of 8.80, a PEG ratio of 0.75 and a beta of 1.34. The business has a 50-day simple moving average of $61.50 and a 200-day simple moving average of $58.07.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating the consensus estimate 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 company had revenue of $15.56 billion for the quarter, compared to analysts' expectations of $14.20 billion. During the same period last year, the firm posted $1.28 earnings per share. Delta Air Lines's revenue was up 9.4% compared to the same quarter last year. As a group, analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Thursday, February 27th. Delta Air Lines's dividend payout ratio is 11.26%.

Wall Street Analysts Forecast Growth

DAL has been the subject of a number of recent analyst reports. StockNews.com upgraded Delta Air Lines from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Barclays decreased their target price on Delta Air Lines from $90.00 to $80.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Susquehanna upped their target price on Delta Air Lines from $59.00 to $75.00 and gave the company a "positive" rating in a report on Tuesday, January 7th. TD Cowen upped their target price on Delta Air Lines from $78.00 to $90.00 and gave the company a "buy" rating in a report on Monday, January 13th. Finally, UBS Group decreased their price objective on Delta Air Lines from $90.00 to $77.00 and set a "buy" rating for the company in a report on Tuesday, March 11th. Fourteen 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, Delta Air Lines presently has a consensus rating of "Buy" and an average price target of $76.29.

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.