Wolf Hill Capital Management LP Lowers Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Wolf Hill Capital Management LP reduced its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 74.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 656,219 shares of the transportation company's stock after selling 1,939,166 shares during the quarter. Delta Air Lines accounts for about 2.9% of Wolf Hill Capital Management LP's holdings, making the stock its 13th biggest holding. Wolf Hill Capital Management LP owned approximately 0.10% of Delta Air Lines worth $39,701,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of DAL. Donoghue Forlines LLC acquired a new stake in shares of Delta Air Lines in the 4th quarter valued at approximately $2,036,000. Mount Yale Investment Advisors LLC acquired a new stake in Delta Air Lines in the fourth quarter valued at approximately $3,593,000. Global Financial Private Client LLC boosted its position in Delta Air Lines by 562.0% in the fourth quarter. Global Financial Private Client LLC now owns 11,260 shares of the transportation company's stock valued at $681,000 after buying an additional 9,559 shares in the last quarter. BluePath Capital Management LLC grew its stake in shares of Delta Air Lines by 23.9% during the fourth quarter. BluePath Capital Management LLC now owns 23,657 shares of the transportation company's stock worth $1,540,000 after buying an additional 4,567 shares during the last quarter. Finally, Miracle Mile Advisors LLC acquired a new position in shares of Delta Air Lines during the fourth quarter worth $244,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DAL. Citigroup reduced their price objective on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. UBS Group downgraded Delta Air Lines from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $77.00 to $42.00 in a research note on Monday, April 7th. Bank of America cut their target price on shares of Delta Air Lines from $65.00 to $56.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Susquehanna decreased their price target on shares of 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 reiterated a "hold" rating and set a $46.00 price target (down previously from $85.00) on shares of Delta Air Lines in a 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $61.06.

Insider Buying and Selling at Delta Air Lines

In other news, SVP William C. Carroll sold 6,783 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were 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 of the company's stock, valued at $660,455.04. The trade was a 40.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Rahul D. Samant sold 17,970 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following the completion of the sale, the executive vice president now owns 35,889 shares in the company, valued at $2,479,212.12. This represents a 33.36 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,776 shares of company stock valued at $4,155,951. Company insiders own 0.96% of the company's stock.

Delta Air Lines Trading Down 0.9 %

Shares of Delta Air Lines stock traded down $0.38 on Friday, reaching $41.64. 7,190,385 shares of the company's stock were exchanged, compared to its average volume of 9,240,796. The firm's 50-day moving average is $47.30 and its two-hundred day moving average is $57.01. The company has a market capitalization of $27.19 billion, a P/E ratio of 7.81, 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 52 week low of $34.74 and a 52 week high of $69.98.

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

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $0.60 annualized dividend and a yield of 1.44%. Delta Air Lines's payout ratio is currently 10.64%.

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.