Woodline Partners LP Has $14.18 Million Stake in Delta Air Lines, Inc. (NYSE:DAL)

Woodline Partners LP increased its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 65.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 234,362 shares of the transportation company's stock after acquiring an additional 92,502 shares during the period. Woodline Partners LP's holdings in Delta Air Lines were worth $14,179,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Delta Air Lines by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 72,410,242 shares of the transportation company's stock valued at $4,380,820,000 after buying an additional 456,465 shares in the last quarter. Sanders Capital LLC lifted its stake in shares of Delta Air Lines by 6.9% during the 4th quarter. Sanders Capital LLC now owns 29,764,524 shares of the transportation company's stock worth $1,800,754,000 after purchasing an additional 1,922,932 shares during the period. Geode Capital Management LLC lifted its stake in shares of Delta Air Lines by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 15,912,584 shares of the transportation company's stock worth $968,234,000 after purchasing an additional 410,648 shares during the period. Capital World Investors lifted its stake in shares of Delta Air Lines by 0.3% during the 4th quarter. Capital World Investors now owns 15,180,467 shares of the transportation company's stock worth $918,419,000 after purchasing an additional 46,101 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Delta Air Lines by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,090,209 shares of the transportation company's stock worth $670,994,000 after purchasing an additional 92,208 shares during the period. Institutional investors and hedge funds own 69.93% of the company's stock.

Delta Air Lines Stock Performance

DAL traded down $0.59 on Friday, hitting $47.91. 7,809,996 shares of the stock traded hands, compared to its average volume of 9,581,875. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98. 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 firm has a market capitalization of $31.28 billion, a PE ratio of 8.99, a P/E/G ratio of 0.75 and a beta of 1.46. The business has a fifty day moving average price of $44.30 and a two-hundred day moving average price of $55.90.

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 (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 firm had revenue of $12.98 billion for the quarter, compared to the consensus estimate of $13.85 billion. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The company's revenue was down 5.6% on a year-over-year basis. On average, research analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal 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 given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.60 dividend on an annualized basis and a yield of 1.25%. Delta Air Lines's payout ratio is 10.64%.

Analysts Set New Price Targets

A number of brokerages have weighed in on DAL. Sanford C. Bernstein reissued an "outperform" rating on shares of Delta Air Lines in a research note on Tuesday, May 13th. Wall Street Zen lowered Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Susquehanna dropped their price target on 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. The Goldman Sachs Group dropped their price target on 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. Finally, Raymond James dropped their price target 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. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $62.08.

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.