Entropy Technologies LP Buys Shares of 50,101 Delta Air Lines, Inc. $DAL

Entropy Technologies LP bought a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 50,101 shares of the transportation company’s stock, valued at approximately $3,477,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AlphaQuest LLC grew its stake in shares of Delta Air Lines by 90.6% in the 3rd quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 211 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new position in shares of Delta Air Lines in the 4th quarter valued at approximately $31,000. Camelot Portfolios LLC purchased a new position in shares of Delta Air Lines in the 4th quarter valued at approximately $34,000. Accredited Wealth Management LLC grew its stake in shares of Delta Air Lines by 1,983.3% in the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 476 shares during the last quarter. Finally, Byrne Asset Management LLC purchased a new position in shares of Delta Air Lines in the 4th quarter valued at approximately $35,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines Price Performance

Shares of NYSE DAL opened at $83.11 on Monday. Delta Air Lines, Inc. has a fifty-two week low of $45.28 and a fifty-two week high of $83.83. The business has a 50 day moving average price of $73.02 and a two-hundred day moving average price of $69.60. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 0.54. The firm has a market cap of $54.60 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 1.17 and a beta of 1.30.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The firm had revenue of $14.20 billion during the quarter, compared to analyst estimates of $14.05 billion. During the same quarter last year, the firm earned $0.46 EPS. Delta Air Lines’s quarterly revenue was up 9.4% on a year-over-year basis. Sell-side analysts expect that Delta Air Lines, Inc. will post 5.37 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, May 14th. Delta Air Lines’s dividend payout ratio (DPR) is currently 10.93%.

Insiders Place Their Bets

In other Delta Air Lines news, EVP Alain Bellemare sold 25,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $81.44, for a total transaction of $2,036,000.00. Following the transaction, the executive vice president owned 95,025 shares of the company’s stock, valued at $7,738,836. This trade represents a 20.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Allison C. Ausband sold 9,710 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $76.00, for a total value of $737,960.00. Following the transaction, the executive vice president directly owned 138,854 shares in the company, valued at approximately $10,552,904. This represents a 6.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 149,635 shares of company stock valued at $10,833,855 in the last quarter. Insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on DAL. Morgan Stanley lifted their target price on Delta Air Lines from $90.00 to $105.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Wolfe Research decreased their price target on Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Rothschild & Co Redburn decreased their price target on Delta Air Lines from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. TD Cowen lifted their price target on Delta Air Lines from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Finally, Raymond James Financial lifted their price target on Delta Air Lines from $76.00 to $80.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.85.

Delta Air Lines Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.