Woodson Capital Management LP Makes New $7.26 Million Investment in Delta Air Lines, Inc. (NYSE:DAL)

Woodson Capital Management LP purchased a new stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 120,000 shares of the transportation company's stock, valued at approximately $7,260,000. Delta Air Lines accounts for about 1.2% of Woodson Capital Management LP's portfolio, making the stock its 24th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of 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 acquiring an additional 456,465 shares during the period. Sanders Capital LLC raised its stake in shares of 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 valued at $1,800,754,000 after acquiring an additional 1,922,932 shares during the period. Geode Capital Management LLC raised its stake in shares of Delta Air Lines by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 15,912,584 shares of the transportation company's stock valued at $968,234,000 after acquiring an additional 410,648 shares during the period. Capital World Investors raised its stake in shares of Delta Air Lines by 0.3% in the 4th quarter. Capital World Investors now owns 15,180,467 shares of the transportation company's stock valued at $918,419,000 after acquiring an additional 46,101 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Delta Air Lines by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,090,209 shares of the transportation company's stock valued at $670,994,000 after acquiring an additional 92,208 shares during the period. 69.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Jefferies Financial Group restated a "hold" rating and issued a $46.00 price objective (down previously from $85.00) on shares of Delta Air Lines in a report on Tuesday, April 1st. Raymond James dropped their price objective on shares of Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 2nd. Citigroup dropped their price objective on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. UBS Group upgraded shares of Delta Air Lines from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $46.00 to $66.00 in a report on Monday. Finally, Barclays dropped their price objective on shares of Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.08.

Delta Air Lines Trading Up 0.5%

Shares of Delta Air Lines stock opened at $51.15 on Tuesday. The company has a fifty day simple moving average of $44.06 and a 200-day simple moving average of $56.17. Delta Air Lines, Inc. has a 12-month low of $34.74 and a 12-month 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 stock has a market cap of $33.40 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 0.75 and a beta of 1.46.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its 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 company had revenue of $12.98 billion during the quarter, compared to analyst estimates of $13.85 billion. During the same quarter in the previous year, the company posted $0.45 EPS. The company's quarterly revenue was down 5.6% on a year-over-year basis. On average, equities analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th will be given a $0.15 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $0.60 annualized dividend and a yield of 1.17%. Delta Air Lines's dividend payout ratio (DPR) is 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.

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