Delta Air Lines, Inc. (NYSE:DAL) Shares Purchased by Nebula Research & Development LLC

Nebula Research & Development LLC increased its stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 160.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,289 shares of the transportation company's stock after purchasing an additional 20,517 shares during the quarter. Nebula Research & Development LLC's holdings in Delta Air Lines were worth $2,014,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC increased its position in Delta Air Lines by 12.3% during the fourth quarter. Integrated Wealth Concepts LLC now owns 16,299 shares of the transportation company's stock valued at $986,000 after acquiring an additional 1,781 shares during the last quarter. D1 Capital Partners L.P. bought a new position in shares of Delta Air Lines in the 4th quarter worth approximately $80,223,000. Cartenna Capital LP purchased a new position in shares of Delta Air Lines in the fourth quarter worth approximately $49,403,000. Adage Capital Partners GP L.L.C. increased its stake in shares of Delta Air Lines by 405.3% in 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 purchasing an additional 2,449,874 shares in the last quarter. Finally, Coppell Advisory Solutions LLC raised its holdings in Delta Air Lines by 13.0% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,791 shares of the transportation company's stock worth $109,000 after purchasing an additional 206 shares during the period. Institutional investors own 69.93% of the company's stock.

Delta Air Lines Trading Up 0.3 %

Shares of NYSE:DAL traded up $0.12 during trading on Thursday, reaching $41.75. 4,182,551 shares of the company were exchanged, compared to its average volume of 9,198,897. 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 $27.26 billion, a PE ratio of 7.83, a P/E/G ratio of 0.75 and a beta of 1.23. The business's fifty day simple moving average is $46.04 and its 200-day simple moving average is $56.83. Delta Air Lines, Inc. has a 12-month low of $34.74 and a 12-month high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last released 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 the consensus estimate of $13.85 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business's revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 earnings per share. On average, research analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th will be issued 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 dividend yield of 1.44%. Delta Air Lines's dividend payout ratio is presently 10.64%.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of Delta Air Lines stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total value of $2,467,312.47. Following the transaction, the executive vice president now owns 52,789 shares in the company, valued at $3,425,478.21. The trade was a 41.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP William C. Carroll sold 6,783 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $65.94, for a total transaction of $447,271.02. Following the sale, the senior vice president now directly owns 10,016 shares of the company's stock, valued at approximately $660,455.04. The trade was a 40.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 62,776 shares of company stock valued at $4,155,951. Corporate insiders own 0.96% of the company's stock.

Analysts Set New Price Targets

DAL has been the subject of a number of analyst reports. Citigroup reduced their price target on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. Dbs Bank lowered shares of Delta Air Lines from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. The Goldman Sachs Group dropped their price objective on shares of Delta Air Lines from $83.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Jefferies Financial Group reiterated a "hold" rating and issued a $46.00 target price (down from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. Finally, Raymond James cut their price target on 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. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $61.06.

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.