EHP Funds Inc. Purchases 13,900 Shares of Delta Air Lines, Inc. (NYSE:DAL)

EHP Funds Inc. boosted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 339.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 18,000 shares of the transportation company’s stock after buying an additional 13,900 shares during the quarter. Delta Air Lines makes up about 1.0% of EHP Funds Inc.’s portfolio, making the stock its 16th largest position. EHP Funds Inc.’s holdings in Delta Air Lines were worth $1,089,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. WASHINGTON TRUST Co lifted its stake in Delta Air Lines by 7.5% in the fourth quarter. WASHINGTON TRUST Co now owns 2,150 shares of the transportation company’s stock valued at $130,000 after buying an additional 150 shares during the period. Hemington Wealth Management raised its position in shares of Delta Air Lines by 48.1% in 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. HighPoint Advisor Group LLC boosted its stake in Delta Air Lines by 1.8% during the 4th quarter. HighPoint Advisor Group LLC now owns 8,555 shares of the transportation company’s stock worth $554,000 after acquiring an additional 155 shares during the last quarter. Mason & Associates Inc boosted its stake in Delta Air Lines by 3.2% during the 4th quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company’s stock worth $308,000 after acquiring an additional 160 shares during the last quarter. Finally, DAVENPORT & Co LLC grew its holdings in Delta Air Lines by 1.2% during the fourth quarter. DAVENPORT & Co LLC now owns 14,298 shares of the transportation company’s stock valued at $865,000 after purchasing an additional 173 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total value of $2,467,312.47. Following the completion of the sale, the executive vice president now owns 52,789 shares in the company, valued at $3,425,478.21. This trade represents a 41.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.96% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Raymond James reduced their price target 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. Jefferies Financial Group reiterated a “hold” rating and set a $46.00 target price (down from $85.00) on shares of Delta Air Lines in a report on Tuesday, April 1st. TD Cowen increased their price target on Delta Air Lines from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, April 10th. StockNews.com cut Delta Air Lines from a “buy” rating to a “hold” rating in a report on Tuesday, April 8th. Finally, The Goldman Sachs Group lowered their target price on 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 equities 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 currently has an average rating of “Moderate Buy” and a consensus target price of $61.06.

Delta Air Lines Stock Performance

Shares of DAL opened at $44.90 on Wednesday. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98. The firm has a fifty day simple moving average of $44.67 and a 200 day simple moving average of $56.55. The stock has a market capitalization of $29.32 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 0.75 and a beta of 1.46.

Delta Air Lines (NYSE:DAL) last announced 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). 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 during 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. Delta Air Lines’s revenue was down 5.6% on a year-over-year basis. Research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Tuesday, May 13th. Delta Air Lines’s dividend payout ratio is currently 10.64%.

Delta Air Lines Company 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.