Kapitalo Investimentos Ltda Buys New Shares in Delta Air Lines, Inc. (NYSE:DAL)

Kapitalo Investimentos Ltda purchased a new position in Delta Air Lines, Inc. (NYSE:DAL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,164 shares of the transportation company’s stock, valued at approximately $70,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. New Wave Wealth Advisors LLC acquired a new stake in shares of Delta Air Lines in the 4th quarter valued at about $27,000. Hemington Wealth Management boosted its holdings in Delta Air Lines by 48.1% in the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after acquiring an additional 154 shares in the last quarter. Roxbury Financial LLC acquired a new stake in Delta Air Lines in the fourth quarter valued at approximately $29,000. Crews Bank & Trust acquired a new stake in Delta Air Lines in the fourth quarter valued at approximately $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Delta Air Lines by 414.4% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 431 shares in the last quarter. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Trading Down 1.1 %

Shares of DAL stock opened at $41.61 on Thursday. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The firm has a market cap of $27.17 billion, a P/E ratio of 7.81, a PEG ratio of 0.75 and a beta of 1.23. The company has a 50 day moving average of $46.04 and a 200-day moving average of $56.83. Delta Air Lines, Inc. has a 12-month low of $34.74 and a 12-month high of $69.98.

Delta Air Lines (NYSE:DAL) last released its earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.38). Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm had revenue of $12.98 billion during the quarter, compared to analysts’ expectations of $13.85 billion. During the same period in the prior year, the business earned $0.45 earnings per share. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. Sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on DAL shares. Dbs Bank downgraded shares of Delta Air Lines from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. The Goldman Sachs Group reduced their price objective 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. Bank of America decreased their target price on shares of Delta Air Lines from $65.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Susquehanna dropped their price target on shares of Delta Air Lines from $80.00 to $50.00 and set a “positive” rating on the stock in a research report on Monday, April 7th. Finally, TD Cowen boosted their price objective on Delta Air Lines from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, April 10th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.06.

Insiders Place Their Bets

In other news, SVP William C. Carroll sold 6,783 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total value of $447,271.02. Following the completion of the transaction, the senior vice president now directly owns 10,016 shares of the company’s stock, valued at $660,455.04. This trade represents a 40.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rahul D. Samant sold 38,023 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total value of $2,467,312.47. Following the sale, the executive vice president now owns 52,789 shares in the company, 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 62,776 shares of company stock worth $4,155,951 over the last quarter. 0.96% of the stock is currently owned by company insiders.

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.