Polymer Capital Management HK LTD Has $408,000 Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Polymer Capital Management HK LTD lowered its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 32.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,742 shares of the transportation company’s stock after selling 3,258 shares during the quarter. Polymer Capital Management HK LTD’s holdings in Delta Air Lines were worth $408,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DAL. New Wave Wealth Advisors LLC bought a new stake in shares of Delta Air Lines in the fourth quarter worth about $27,000. Hemington Wealth Management lifted its stake in Delta Air Lines by 48.1% in the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after buying an additional 154 shares in the last quarter. Roxbury Financial LLC acquired a new position in shares of Delta Air Lines in the fourth quarter valued at approximately $29,000. Crews Bank & Trust bought a new stake in shares of Delta Air Lines during the fourth quarter worth $30,000. Finally, Modus Advisors LLC bought a new stake in Delta Air Lines in the 4th quarter valued at $33,000. Institutional investors own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DAL. UBS Group reduced their price objective on Delta Air Lines from $90.00 to $77.00 and set a “buy” rating for the company in a research report on Tuesday, March 11th. Susquehanna upped their price target on Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. Raymond James lowered their price objective on shares of Delta Air Lines from $80.00 to $62.00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 2nd. The Goldman Sachs Group reduced 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. Finally, Barclays lowered their price target on shares of Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $71.49.

Delta Air Lines Stock Performance

DAL opened at $37.13 on Monday. The company has a quick ratio of 0.32, a current ratio of 0.37 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 business has a 50 day moving average of $56.32 and a 200-day moving average of $58.22. The stock has a market cap of $24.00 billion, a price-to-earnings ratio of 6.97, a PEG ratio of 0.75 and a beta of 1.23.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The business had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. During the same quarter last year, the firm posted $1.28 EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities research analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Thursday, February 27th. Delta Air Lines’s dividend payout ratio is presently 11.26%.

Insider Activity

In other news, SVP William C. Carroll sold 8,400 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $66.02, for a total value of $554,568.00. Following the completion of the sale, the senior vice president now owns 19,756 shares of the company’s stock, valued at approximately $1,304,291.12. The trade was a 29.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Edward H. Bastian sold 91,710 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 162,886 shares of company stock valued at $11,116,463. 0.96% of the stock is owned by insiders.

Delta Air Lines 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.