One68 Global Capital LLC Takes Position in Delta Air Lines, Inc. (NYSE:DAL)

One68 Global Capital LLC bought a new position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,000 shares of the transportation company's stock, valued at approximately $605,000.

A number of other hedge funds also recently bought and sold shares of the business. New Wave Wealth Advisors LLC purchased a new stake in Delta Air Lines in the fourth quarter worth $27,000. Roxbury Financial LLC purchased a new position in shares of Delta Air Lines during the fourth quarter valued at about $29,000. Hemington Wealth Management lifted its holdings in Delta Air Lines by 48.1% in the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock worth $28,000 after buying an additional 154 shares during the period. Crews Bank & Trust bought a new stake in Delta Air Lines during the 4th quarter valued at approximately $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Delta Air Lines by 414.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company's stock worth $32,000 after acquiring an additional 431 shares during the period. Hedge funds and other institutional investors own 69.93% of the company's stock.

Insiders Place Their Bets

In related 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 transaction of $2,467,312.47. Following the completion of the sale, the executive vice president now owns 52,789 shares of the company's stock, 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 SEC, which is available through this hyperlink. Also, SVP William C. Carroll sold 6,783 shares of Delta Air Lines stock in a transaction that occurred on 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 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. Insiders sold a total of 62,776 shares of company stock worth $4,155,951 over the last 90 days. Company insiders own 0.96% of the company's stock.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $42.08 on Wednesday. The firm's 50 day simple moving average is $46.41 and its two-hundred day simple moving average is $56.93. 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 company has a market capitalization of $27.48 billion, a P/E ratio of 7.89, a P/E/G ratio of 0.75 and a beta of 1.23. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year 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 (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 for the quarter, compared to the consensus estimate of $13.85 billion. During the same quarter in the previous year, the business earned $0.45 EPS. The company's quarterly revenue was down 5.6% on a year-over-year basis. Research analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Tuesday, May 13th. Delta Air Lines's dividend payout ratio (DPR) is 10.64%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DAL shares. Raymond James reduced their target price on shares of Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 2nd. Dbs Bank cut Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Barclays dropped their target price on Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Citigroup lowered 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. Finally, TD Cowen increased their price objective on shares of Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, April 10th. Four research 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 stock. According to MarketBeat, the stock presently has a consensus 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.

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