ExodusPoint Capital Management LP Makes New $7.26 Million Investment in Delta Air Lines, Inc. (NYSE:DAL)

ExodusPoint Capital Management LP acquired a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, Holdings Channel reports. The firm acquired 120,064 shares of the transportation company’s stock, valued at approximately $7,264,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. New Wave Wealth Advisors LLC bought a new stake in Delta Air Lines in the 4th quarter valued at about $27,000. Hemington Wealth Management increased its holdings in shares of Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 154 shares in the last quarter. Roxbury Financial LLC acquired a new position in shares of Delta Air Lines during the fourth quarter worth approximately $29,000. Crews Bank & Trust bought a new position in shares of Delta Air Lines in the 4th quarter worth $30,000. Finally, Modus Advisors LLC acquired 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 Ratings Changes

DAL has been the topic of a number of recent research reports. Raymond James dropped 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 research note on Wednesday. Bank of America dropped their price target on shares of Delta Air Lines from $65.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday. TD Cowen boosted their price objective on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Jefferies Financial Group restated a “hold” rating and issued a $46.00 target price (down previously from $85.00) on shares of Delta Air Lines in a report on Tuesday, April 1st. Finally, StockNews.com downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a report on Tuesday, March 25th. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Delta Air Lines currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.49.

Insiders Place Their Bets

In other Delta Air Lines news, SVP William C. Carroll sold 6,783 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $65.94, for a total value of $447,271.02. Following the sale, the senior vice president now directly owns 10,016 shares in the company, valued at $660,455.04. This represents a 40.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Rahul D. Samant sold 38,023 shares of the firm’s stock in a transaction on 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 162,886 shares of company stock worth $11,116,463 in the last quarter. 0.96% of the stock is owned by company insiders.

Delta Air Lines Stock Down 4.1 %

Shares of NYSE DAL opened at $37.13 on Friday. 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 has a market capitalization of $24.00 billion, a PE ratio of 6.97, a P/E/G ratio of 0.75 and a beta of 1.23. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. The business’s fifty day moving average price is $56.32 and its 200-day moving average price is $58.14.

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

Delta Air Lines Dividend Announcement

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

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.