Two Sigma Investments LP Makes New $93.75 Million Investment in Delta Air Lines, Inc. (NYSE:DAL)

Two Sigma Investments LP acquired a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,549,530 shares of the transportation company's stock, valued at approximately $93,747,000. Two Sigma Investments LP owned approximately 0.24% of Delta Air Lines at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in DAL. New Wave Wealth Advisors LLC acquired a new position in shares of Delta Air Lines in the fourth quarter worth about $27,000. Hemington Wealth Management raised its stake in Delta Air Lines by 48.1% during the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock valued at $28,000 after purchasing an additional 154 shares during the period. Roxbury Financial LLC acquired a new stake in Delta Air Lines during the 4th quarter valued at $29,000. Crews Bank & Trust acquired a new position in Delta Air Lines during the fourth quarter valued at $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its position in Delta Air Lines by 414.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company's stock worth $32,000 after acquiring an additional 431 shares during the period. Institutional investors and hedge funds own 69.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DAL. 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 report on Monday, April 7th. TD Cowen upped their price objective 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. Bank of America decreased 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 research note on Thursday, April 3rd. Citigroup dropped their price target on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. Finally, Jefferies Financial Group reissued a "hold" rating and set a $46.00 price objective (down previously from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. Three equities 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 data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $62.08.

Delta Air Lines Stock Performance

Shares of NYSE DAL opened at $51.15 on Tuesday. The business's 50-day simple moving average is $44.06 and its 200-day simple moving average is $56.17. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98. The firm has a market cap of $33.40 billion, a price-to-earnings 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 announced 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). Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company had revenue of $12.98 billion for the quarter, compared to analyst estimates of $13.85 billion. During the same quarter last year, the business earned $0.45 EPS. The company's revenue for the quarter was down 5.6% on a year-over-year basis. As a group, equities research analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Tuesday, May 13th. Delta Air Lines's dividend payout ratio is 10.64%.

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.

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