Islay Capital Management LLC acquired a new position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 28,442 shares of the transportation company's stock, valued at approximately $1,144,000.
Other hedge funds have also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA grew its position in Delta Air Lines by 12.6% in the third quarter. Compagnie Lombard Odier SCmA now owns 18,809 shares of the transportation company's stock valued at $696,000 after acquiring an additional 2,100 shares in the last quarter. Sweet Financial Partners LLC grew its position in shares of Delta Air Lines by 10.2% during the third quarter. Sweet Financial Partners LLC now owns 26,991 shares of the transportation company's stock worth $999,000 after buying an additional 2,501 shares in the last quarter. Balboa Wealth Partners grew its position in shares of Delta Air Lines by 52.0% during the third quarter. Balboa Wealth Partners now owns 7,885 shares of the transportation company's stock worth $292,000 after buying an additional 2,697 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Delta Air Lines by 1,302.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,318 shares of the transportation company's stock worth $49,000 after buying an additional 1,224 shares in the last quarter. Finally, Xponance Inc. grew its position in shares of Delta Air Lines by 1.9% during the third quarter. Xponance Inc. now owns 84,555 shares of the transportation company's stock worth $3,129,000 after buying an additional 1,594 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company's stock.
Delta Air Lines Stock Performance
Shares of NYSE DAL traded down $0.36 during midday trading on Tuesday, reaching $50.09. 11,060,959 shares of the company traded hands, compared to its average volume of 10,872,689. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36. The stock has a 50-day moving average price of $45.42 and a 200 day moving average price of $40.46. Delta Air Lines, Inc. has a 52 week low of $30.60 and a 52 week high of $50.74. The company has a market cap of $32.32 billion, a price-to-earnings ratio of 6.44, a PEG ratio of 0.75 and a beta of 1.43.
Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. The firm had revenue of $13.75 billion for the quarter, compared to analysts' expectations of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. Delta Air Lines's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 earnings per share. Sell-side analysts anticipate that Delta Air Lines, Inc. will post 6.52 earnings per share for the current fiscal year.
Delta Air Lines Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be paid a $0.10 dividend. The ex-dividend date is Monday, May 13th. This represents a $0.40 dividend on an annualized basis and a yield of 0.80%. Delta Air Lines's dividend payout ratio is currently 5.14%.
Insider Buying and Selling
In related news, CEO Edward H. Bastian sold 71,840 shares of Delta Air Lines stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $39.20, for a total value of $2,816,128.00. Following the transaction, the chief executive officer now owns 428,768 shares of the company's stock, valued at approximately $16,807,705.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, President Glen W. Hauenstein sold 100,000 shares of the business's stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the transaction, the president now directly owns 217,584 shares in the company, valued at approximately $10,672,495.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Edward H. Bastian sold 71,840 shares of the company's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $39.20, for a total transaction of $2,816,128.00. Following the completion of the transaction, the chief executive officer now directly owns 428,768 shares in the company, valued at $16,807,705.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 245,913 shares of company stock valued at $11,397,335. 0.89% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of analysts have recently weighed in on DAL shares. TheStreet raised shares of Delta Air Lines from a "c+" rating to a "b-" rating in a research report on Thursday, January 4th. Bank of America lifted their price objective on shares of Delta Air Lines from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft raised their target price on Delta Air Lines from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, April 11th. StockNews.com cut Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Thursday, February 22nd. Finally, Susquehanna raised their target price on Delta Air Lines from $47.00 to $54.00 and gave the company a "positive" rating in a research note on Tuesday, April 9th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $58.29.
View Our Latest Research Report on DAL
About Delta Air Lines
(
Free Report)
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.
Further Reading
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