Graham Capital Management L.P. Has $3.57 Million Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Graham Capital Management L.P. raised its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 782.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 58,953 shares of the transportation company’s stock after purchasing an additional 52,275 shares during the period. Graham Capital Management L.P.’s holdings in Delta Air Lines were worth $3,567,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Boston Partners bought a new stake in Delta Air Lines during the fourth quarter worth $328,398,000. Norges Bank bought a new stake in shares of Delta Air Lines in the 4th quarter worth $152,342,000. Adage Capital Partners GP L.L.C. raised its holdings in shares of Delta Air Lines by 405.3% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 3,054,285 shares of the transportation company’s stock valued at $184,784,000 after purchasing an additional 2,449,874 shares during the last quarter. FMR LLC lifted its position in shares of Delta Air Lines by 29.3% during the fourth quarter. FMR LLC now owns 9,955,818 shares of the transportation company’s stock valued at $602,327,000 after purchasing an additional 2,254,560 shares in the last quarter. Finally, Sanders Capital LLC boosted its holdings in Delta Air Lines by 6.9% during the fourth quarter. Sanders Capital LLC now owns 29,764,524 shares of the transportation company’s stock worth $1,800,754,000 after purchasing an additional 1,922,932 shares during the last quarter. 69.93% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Rahul D. Samant sold 38,023 shares of the company’s 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 transaction, the executive vice president now directly owns 52,789 shares in the company, valued at approximately $3,425,478.21. The trade was a 41.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.88% of the company’s stock.

Delta Air Lines Stock Performance

NYSE:DAL opened at $48.28 on Friday. The business’s fifty day moving average is $44.06 and its 200 day moving average is $56.39. The firm has a market cap of $31.52 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 0.75 and a beta of 1.46. 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, Inc. has a 52-week low of $34.74 and a 52-week high of $69.98.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $13.85 billion. During the same quarter in the prior year, the company earned $0.45 earnings per share. The company’s quarterly revenue was down 5.6% on a year-over-year basis. Research analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.24%. Delta Air Lines’s payout ratio is currently 10.64%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on DAL shares. UBS Group lifted their target price on shares of Delta Air Lines from $42.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday. Bank of America reduced their price objective on Delta Air Lines from $65.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Susquehanna lowered their target price on Delta Air Lines from $80.00 to $50.00 and set a “positive” rating on the stock in a research note on Monday, April 7th. Barclays reduced 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 report on Tuesday, April 8th. Finally, Citigroup lowered their price objective on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Delta Air Lines has an average rating of “Moderate Buy” and an average target price of $61.37.

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.