Twinbeech Capital LP Makes New Investment in Delta Air Lines, Inc. (NYSE:DAL)

Twinbeech Capital LP bought a new position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,886 shares of the transportation company's stock, valued at approximately $780,000.

Other hedge funds also recently made changes to their positions in the company. New Wave Wealth Advisors LLC purchased a new stake in shares of Delta Air Lines in the fourth quarter worth about $27,000. Hemington Wealth Management lifted its position in shares of Delta Air Lines by 48.1% in the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock worth $28,000 after buying an additional 154 shares in the last quarter. Roxbury Financial LLC purchased a new stake in shares of Delta Air Lines in the fourth quarter worth about $29,000. Crews Bank & Trust purchased a new stake in shares of Delta Air Lines in the fourth quarter worth about $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Delta Air Lines by 414.4% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company's stock worth $32,000 after buying an additional 431 shares in the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DAL shares. Susquehanna decreased 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. Bank of America lowered their price objective on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Raymond James lowered their price objective on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 2nd. Citigroup lowered their price objective on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. Finally, TD Cowen raised their price objective on Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, April 10th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Delta Air Lines has a consensus rating of "Moderate Buy" and an average price target of $62.08.

Delta Air Lines Trading Up 4.2%

Shares of NYSE DAL traded up $2.00 during midday trading on Tuesday, hitting $49.92. The company's stock had a trading volume of 4,291,095 shares, compared to its average volume of 11,304,255. 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 business's 50 day moving average is $44.30 and its two-hundred day moving average is $55.77. Delta Air Lines, Inc. has a 12-month low of $34.74 and a 12-month high of $69.98. The firm has a market cap of $32.60 billion, a P/E ratio of 9.37, a price-to-earnings-growth ratio of 0.75 and a beta of 1.46.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $12.98 billion during the quarter, compared to analysts' expectations of $13.85 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company's quarterly revenue was down 5.6% compared to the same quarter last year. As a group, equities research analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.60 annualized dividend and a yield of 1.20%. Delta Air Lines's payout ratio is currently 10.64%.

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.