88,743 Shares in Delta Air Lines, Inc. (NYSE:DAL) Acquired by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC acquired a new position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 88,743 shares of the transportation company's stock, valued at approximately $5,369,000.

Other hedge funds also recently made changes to their positions in the company. Boston Partners bought a new position in Delta Air Lines during the fourth quarter valued at $328,398,000. Norges Bank bought a new position in Delta Air Lines during the fourth quarter valued at $152,342,000. Adage Capital Partners GP L.L.C. increased its position in Delta Air Lines by 405.3% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 3,054,285 shares of the transportation company's stock valued at $184,784,000 after acquiring an additional 2,449,874 shares during the last quarter. FMR LLC increased its position in Delta Air Lines by 29.3% during the fourth quarter. FMR LLC now owns 9,955,818 shares of the transportation company's stock valued at $602,327,000 after acquiring an additional 2,254,560 shares during the last quarter. Finally, Sanders Capital LLC increased its position in Delta Air Lines by 6.9% during the fourth quarter. Sanders Capital LLC now owns 29,764,524 shares of the transportation company's stock valued at $1,800,754,000 after acquiring an additional 1,922,932 shares during the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Rahul D. Samant sold 38,023 shares of the company's 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 transaction, the executive vice president now owns 52,789 shares in the company, valued at $3,425,478.21. This represents a 41.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP William C. Carroll sold 6,783 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total transaction of $447,271.02. Following the completion of the transaction, the senior vice president now owns 10,016 shares in the company, valued at approximately $660,455.04. This trade represents a 40.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 62,776 shares of company stock worth $4,155,951 over the last 90 days. 0.96% of the stock is currently owned by corporate insiders.

Delta Air Lines Stock Down 1.1 %

Shares of DAL stock traded down $0.47 during mid-day trading on Wednesday, hitting $41.61. 10,583,714 shares of the stock traded hands, compared to its average volume of 9,218,041. The stock has a market cap of $27.17 billion, a P/E ratio of 7.81, a P/E/G ratio of 0.75 and a beta of 1.23. The stock's fifty day moving average is $46.41 and its two-hundred day moving average is $56.93. Delta Air Lines, Inc. has a 52-week low of $34.74 and a 52-week high of $69.98. 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 (NYSE:DAL - Get Free Report) last released its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.38). The firm had revenue of $12.98 billion for 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%. The business's quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 earnings per share. Equities analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Bank of America cut their price objective 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. UBS Group lowered shares of Delta Air Lines from a "buy" rating to a "neutral" rating and lowered their target price for the company from $77.00 to $42.00 in a research note on Monday, April 7th. Susquehanna lowered their target price on shares of Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a research note on Monday, April 7th. TD Cowen boosted their target price on shares of Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, April 10th. Finally, The Goldman Sachs Group lowered their target price on shares of Delta Air Lines from $83.00 to $60.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. 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's stock. According to MarketBeat.com, 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.