140 Summer Partners LP Takes Position in Delta Air Lines, Inc. (NYSE:DAL)

140 Summer Partners LP bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,101,268 shares of the transportation company's stock, valued at approximately $66,627,000. Delta Air Lines accounts for about 8.0% of 140 Summer Partners LP's holdings, making the stock its 6th largest holding. 140 Summer Partners LP owned about 0.17% of Delta Air Lines at the end of the most recent reporting period.

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

Delta Air Lines Price Performance

Shares of NYSE:DAL traded up $1.29 on Monday, hitting $45.49. The company had a trading volume of 18,726,599 shares, compared to its average volume of 9,270,820. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The company has a market cap of $29.70 billion, a PE ratio of 8.53, a PEG ratio of 0.75 and a beta of 1.46. Delta Air Lines, Inc. has a 52-week low of $34.74 and a 52-week high of $69.98. The business has a 50 day moving average of $45.29 and a 200 day moving average of $56.70.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). The firm had revenue of $12.98 billion during the quarter, compared to analysts' expectations of $13.85 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. Delta Air Lines's revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter last year, the company posted $0.45 earnings per share. As a group, equities analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors 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 dividend on an annualized basis and a yield of 1.32%. Delta Air Lines's payout ratio is 10.64%.

Insider Buying and Selling

In other news, EVP Rahul D. Samant sold 17,970 shares of Delta Air Lines stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total value of $1,241,367.60. Following the transaction, the executive vice president now directly owns 35,889 shares of the company's stock, valued at $2,479,212.12. The trade was a 33.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.96% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group reaffirmed a "hold" rating and issued a $46.00 target price (down from $85.00) on shares of Delta Air Lines in a report on Tuesday, April 1st. UBS Group cut Delta Air Lines from a "buy" rating to a "neutral" rating and cut their price target for the stock from $77.00 to $42.00 in a research note on Monday, April 7th. StockNews.com downgraded shares of Delta Air Lines from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Bank of America cut their price target 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, Susquehanna dropped their target price on Delta Air Lines from $80.00 to $50.00 and set a "positive" rating on the stock in a research report on Monday, April 7th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Delta Air Lines currently has an average rating of "Moderate Buy" and a consensus target price 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.