Oxford Asset Management LLP Purchases New Shares in Delta Air Lines, Inc. (NYSE:DAL)

Oxford Asset Management LLP purchased a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 8,564 shares of the transportation company's stock, valued at approximately $518,000.

A number of other institutional investors have also recently made changes to their positions in DAL. New Wave Wealth Advisors LLC bought a new stake in shares of Delta Air Lines during the 4th quarter valued at $27,000. Hemington Wealth Management grew its position in shares of Delta Air Lines by 48.1% during the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock valued at $28,000 after acquiring an additional 154 shares during the period. Roxbury Financial LLC bought a new stake in shares of Delta Air Lines during the 4th quarter valued at $29,000. Crews Bank & Trust bought a new stake in shares of Delta Air Lines during the 4th quarter valued at $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position 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 valued at $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 the firm's stock in a transaction dated Tuesday, February 11th. The shares were 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 directly owns 52,789 shares in the company, valued at approximately $3,425,478.21. This trade represents 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 accessible through this link. Also, SVP William C. Carroll sold 6,783 shares of the business's 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 completion of the sale, the senior vice president now directly owns 10,016 shares in the company, valued at $660,455.04. This trade represents a 40.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,776 shares of company stock worth $4,155,951. 0.96% of the stock is owned by corporate insiders.

Delta Air Lines Stock Performance

Delta Air Lines stock traded down $0.10 during midday trading on Thursday, hitting $41.53. 8,135,779 shares of the company were exchanged, compared to its average volume of 11,317,882. The firm has a market capitalization of $27.12 billion, a PE ratio of 7.79, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $69.98. The business has a fifty day simple moving average of $46.04 and a two-hundred day simple moving average of $56.83. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its earnings results on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.38). The company had revenue of $12.98 billion for the quarter, compared to analyst estimates of $13.85 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm's revenue was down 5.6% on a year-over-year basis. During the same period last year, the business earned $0.45 earnings per share. On average, sell-side analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors 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 yield of 1.44%. The ex-dividend date of this dividend is Tuesday, May 13th. Delta Air Lines's dividend payout ratio (DPR) is 10.64%.

Analyst Ratings Changes

Several brokerages recently weighed in on DAL. StockNews.com downgraded shares of Delta Air Lines from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. Citigroup dropped their target price 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. The Goldman Sachs Group dropped their target price 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. 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. Finally, TD Cowen increased their price objective on shares of Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, April 10th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Delta Air Lines has a consensus rating of "Moderate Buy" and a consensus price target of $61.06.

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.