Zimmer Partners LP Takes Position in Delta Air Lines, Inc. (NYSE:DAL)

Zimmer Partners LP acquired a new position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 210,200 shares of the transportation company's stock, valued at approximately $12,717,000.

A number of other institutional investors have also recently added to or reduced their stakes in DAL. Boston Partners bought a new position in Delta Air Lines during the 4th quarter worth $328,398,000. Norges Bank bought a new position in Delta Air Lines during the 4th quarter worth $152,342,000. Adage Capital Partners GP L.L.C. grew its stake in Delta Air Lines by 405.3% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 3,054,285 shares of the transportation company's stock worth $184,784,000 after buying an additional 2,449,874 shares during the last quarter. FMR LLC grew its stake in Delta Air Lines by 29.3% during the 4th quarter. FMR LLC now owns 9,955,818 shares of the transportation company's stock worth $602,327,000 after buying an additional 2,254,560 shares during the last quarter. Finally, Sanders Capital LLC grew its stake in 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 buying an additional 1,922,932 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. TD Cowen upped their price objective on Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, April 10th. Barclays reduced their price target on Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Dbs Bank lowered Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Jefferies Financial Group reiterated a "hold" rating and set a $46.00 price target (down previously from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. Finally, Raymond James reduced 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 report on Wednesday, April 2nd. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average 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 quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The firm has a market cap of $33.40 billion, a price-to-earnings ratio of 9.60, a price-to-earnings-growth ratio of 0.75 and a beta of 1.46. The business 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 fifty-two week low of $34.74 and a fifty-two week high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings data 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). The firm 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 quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 EPS. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Tuesday, May 13th. Delta Air Lines's dividend payout ratio is 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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