One68 Global Capital LLC Invests $605,000 in Delta Air Lines, Inc. (NYSE:DAL)

One68 Global Capital LLC acquired a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 4th quarter, HoldingsChannel reports. The firm acquired 10,000 shares of the transportation company’s stock, valued at approximately $605,000.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Delta Air Lines by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 72,410,242 shares of the transportation company’s stock worth $4,380,820,000 after acquiring an additional 456,465 shares in the last quarter. Sanders Capital LLC boosted its stake in shares of Delta Air Lines by 6.9% in the 4th quarter. Sanders Capital LLC now owns 29,764,524 shares of the transportation company’s stock valued at $1,800,754,000 after buying an additional 1,922,932 shares during the period. Geode Capital Management LLC increased its stake in shares of Delta Air Lines by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 15,912,584 shares of the transportation company’s stock worth $968,234,000 after buying an additional 410,648 shares during the period. Capital World Investors grew its holdings in Delta Air Lines by 0.3% during the 4th quarter. Capital World Investors now owns 15,180,467 shares of the transportation company’s stock worth $918,419,000 after acquiring an additional 46,101 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Delta Air Lines by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,090,209 shares of the transportation company’s stock worth $670,994,000 after purchasing an additional 92,208 shares during the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Delta Air Lines

In other news, SVP William C. Carroll sold 6,783 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total value of $447,271.02. Following the completion of the sale, the senior vice president now owns 10,016 shares of the company’s stock, valued at approximately $660,455.04. This represents a 40.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Rahul D. Samant sold 38,023 shares of the business’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 of the company’s stock, valued at approximately $3,425,478.21. The trade was a 41.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 62,776 shares of company stock worth $4,155,951. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Trading Up 0.3 %

NYSE:DAL opened at $42.08 on Wednesday. The stock has a market cap of $27.48 billion, a PE ratio of 7.89, 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 company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. The stock’s 50-day moving average is $46.41 and its two-hundred day moving average is $56.93.

Delta Air Lines (NYSE:DAL) last announced its quarterly 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). Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The firm had revenue of $12.98 billion during the quarter, compared to the consensus estimate of $13.85 billion. During the same period in the previous year, the firm posted $0.45 EPS. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. As a group, equities research analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DAL. Jefferies Financial Group restated a “hold” rating and set a $46.00 price objective (down previously from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. TD Cowen upped their target price on Delta Air Lines from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, April 10th. UBS Group downgraded Delta Air Lines from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $77.00 to $42.00 in a report on Monday, April 7th. Barclays decreased their price target on shares of Delta Air Lines from $80.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Finally, The Goldman Sachs Group decreased 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 research note on Wednesday, April 2nd. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Delta Air Lines has an average rating of “Moderate Buy” and a consensus target price 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.