Delta Air Lines, Inc. (NYSE:DAL) Stock Holdings Increased by Castle Hook Partners LP

Castle Hook Partners LP boosted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 27.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,746,535 shares of the transportation company's stock after purchasing an additional 1,019,498 shares during the quarter. Delta Air Lines makes up 3.6% of Castle Hook Partners LP's holdings, making the stock its 4th largest position. Castle Hook Partners LP owned about 0.74% of Delta Air Lines worth $287,165,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DAL. Boston Partners purchased a new stake in Delta Air Lines in the 4th quarter worth $328,398,000. Norges Bank purchased a new stake in shares of Delta Air Lines during the fourth quarter worth about $152,342,000. Adage Capital Partners GP L.L.C. raised its position in shares of Delta Air Lines by 405.3% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 3,054,285 shares of the transportation company's stock worth $184,784,000 after purchasing an additional 2,449,874 shares during the last quarter. FMR LLC lifted its stake in Delta Air Lines by 29.3% in the 4th quarter. FMR LLC now owns 9,955,818 shares of the transportation company's stock valued at $602,327,000 after buying an additional 2,254,560 shares in the last quarter. Finally, Sanders Capital LLC boosted its holdings in Delta Air Lines by 6.9% in the 4th quarter. Sanders Capital LLC now owns 29,764,524 shares of the transportation company's stock worth $1,800,754,000 after buying an additional 1,922,932 shares during the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Trading Up 7.5 %

Shares of NYSE DAL traded up $3.39 during mid-day trading on Thursday, reaching $48.69. 17,683,033 shares of the company's stock were exchanged, compared to its average volume of 9,330,677. The company's 50-day moving average is $44.19 and its 200-day moving average is $56.42. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The firm has a market capitalization of $31.79 billion, a price-to-earnings ratio of 9.13, 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.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). The company had revenue of $12.98 billion for the quarter, compared to analyst estimates 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 was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 earnings per share. Analysts expect 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 paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Tuesday, May 13th. Delta Air Lines's dividend payout ratio (DPR) is 10.64%.

Insider Transactions at Delta Air Lines

In related news, EVP Rahul D. Samant sold 38,023 shares of the firm's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the completion of the transaction, the executive vice president now directly owns 52,789 shares in the company, valued at $3,425,478.21. This trade represents a 41.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.96% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on DAL. Citigroup dropped their price target on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. Bank of America dropped their target price 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. Barclays decreased their price target on shares of Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. TD Cowen increased their price objective on shares of Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, April 10th. Finally, Susquehanna decreased their target price on shares of Delta Air Lines from $80.00 to $50.00 and set a "positive" rating on the stock in a research note on Monday, April 7th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $61.37.

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.