Two Sigma Advisers LP Acquires New Stake in Delta Air Lines, Inc. (NYSE:DAL)

Two Sigma Advisers LP bought a new stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,137,600 shares of the transportation company's stock, valued at approximately $68,825,000. Two Sigma Advisers LP owned about 0.18% of Delta Air Lines at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DAL. Two Sigma Investments LP purchased a new position in shares of Delta Air Lines during the fourth quarter valued at approximately $93,747,000. Teewinot Capital Advisers L.L.C. acquired a new position in Delta Air Lines in the 4th quarter valued at $51,380,000. Teza Capital Management LLC acquired a new stake in shares of Delta Air Lines during the fourth quarter worth $239,000. Steamboat Capital Partners LLC purchased a new stake in shares of Delta Air Lines in the fourth quarter valued at $3,019,000. Finally, Shellback Capital LP purchased a new position in Delta Air Lines during the fourth quarter worth about $7,562,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DAL has been the subject of a number of research analyst reports. Susquehanna dropped their price objective 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. Bank of America dropped 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 research report on Thursday, April 3rd. StockNews.com lowered shares of Delta Air Lines from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. Barclays cut their target price on Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group reduced their target price on Delta Air Lines from $83.00 to $60.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Three 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 company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $62.08.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $51.15 on Tuesday. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98. The company's fifty day moving average price is $44.06 and its two-hundred day moving average price is $56.17. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. The firm has a market capitalization of $33.40 billion, a P/E ratio of 9.60, a P/E/G ratio of 0.75 and a beta of 1.46.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.38). The company had revenue of $12.98 billion during 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%. The company's revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 earnings per share. On average, research analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm 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 $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Tuesday, May 13th. Delta Air Lines's dividend payout ratio is presently 10.64%.

About Delta Air Lines

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.

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