Susquehanna Fundamental Investments LLC Invests $11.75 Million in Delta Air Lines, Inc. (NYSE:DAL)

Susquehanna Fundamental Investments LLC bought a new stake in Delta Air Lines, Inc. (NYSE:DAL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 194,211 shares of the transportation company’s stock, valued at approximately $11,750,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DAL. New Wave Wealth Advisors LLC acquired a new position in Delta Air Lines during the 4th quarter worth about $27,000. Hemington Wealth Management increased its stake in Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after purchasing an additional 154 shares during the period. Roxbury Financial LLC purchased a new stake in Delta Air Lines during the fourth quarter worth about $29,000. Crews Bank & Trust acquired a new stake in shares of Delta Air Lines during the fourth quarter worth about $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Delta Air Lines by 414.4% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 431 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock opened at $41.64 on Friday. 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 52 week low of $34.74 and a 52 week high of $69.98. The firm’s 50 day moving average is $47.30 and its two-hundred day moving average is $57.05. The firm has a market capitalization of $27.19 billion, a P/E ratio of 7.81, a P/E/G ratio of 0.75 and a beta of 1.23.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) 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 analyst estimates of $13.85 billion. During the same quarter in the previous year, the company posted $0.45 EPS. The company’s quarterly 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.60 dividend on an annualized basis and a yield of 1.44%. Delta Air Lines’s dividend payout ratio is presently 10.64%.

Insider Buying and Selling

In related news, SVP William C. Carroll sold 6,783 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.94, for a total transaction of $447,271.02. Following the completion of the sale, the senior vice president now owns 10,016 shares in the company, valued at $660,455.04. This represents a 40.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rahul D. Samant sold 38,023 shares of Delta Air Lines 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 owns 52,789 shares in the company, valued at approximately $3,425,478.21. This represents a 41.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 62,776 shares of company stock worth $4,155,951 in the last quarter. 0.96% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on DAL. TD Cowen upped their target price on shares of Delta Air Lines from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, April 10th. Dbs Bank lowered Delta Air Lines from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Barclays decreased their target price on Delta Air Lines from $80.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Citigroup cut their price target on Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Finally, The Goldman Sachs Group decreased their price objective 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $61.06.

About Delta Air Lines

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.