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

ExodusPoint Capital Management LP purchased a new stake in Delta Air Lines, Inc. (NYSE:DAL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 120,064 shares of the transportation company’s stock, valued at approximately $7,264,000.

Other institutional investors have also made changes to their positions in the company. WASHINGTON TRUST Co lifted its position in shares of Delta Air Lines by 7.5% during the 4th quarter. WASHINGTON TRUST Co now owns 2,150 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 150 shares during the period. Hemington Wealth Management lifted its position 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. HighPoint Advisor Group LLC grew its stake in Delta Air Lines by 1.8% during the fourth quarter. HighPoint Advisor Group LLC now owns 8,555 shares of the transportation company’s stock worth $554,000 after buying an additional 155 shares in the last quarter. Mason & Associates Inc increased its holdings in Delta Air Lines by 3.2% in the 4th quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company’s stock valued at $308,000 after buying an additional 160 shares during the period. Finally, DAVENPORT & Co LLC raised its position in shares of Delta Air Lines by 1.2% in the 4th quarter. DAVENPORT & Co LLC now owns 14,298 shares of the transportation company’s stock valued at $865,000 after buying an additional 173 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Delta Air Lines

In related news, 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 of the company’s stock, valued at $3,425,478.21. This trade represents a 41.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP William C. Carroll sold 8,400 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $66.02, for a total transaction of $554,568.00. Following the sale, the senior vice president now directly owns 19,756 shares in the company, valued at $1,304,291.12. This trade represents a 29.83 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 162,886 shares of company stock valued at $11,116,463. 0.96% of the stock is currently owned by company insiders.

Delta Air Lines Price Performance

DAL stock opened at $37.13 on Friday. The company has a market capitalization of $24.00 billion, a P/E ratio of 6.97, a PEG ratio of 0.75 and a beta of 1.23. The company has a fifty day moving average price of $56.32 and a 200-day moving average price of $58.14. 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 earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $14.20 billion. During the same period last year, the company earned $1.28 EPS. Delta Air Lines’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Jefferies Financial Group reissued a “hold” rating and issued a $46.00 price objective (down from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. Citigroup decreased their price target on Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. TD Cowen upped their price objective on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. StockNews.com cut Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Tuesday, March 25th. Finally, Dbs Bank cut shares of Delta Air Lines from a “strong-buy” rating to a “hold” rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Delta Air Lines has a consensus rating of “Moderate Buy” and a consensus target price of $71.49.

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.