Entropy Technologies LP Buys New Position in Delta Air Lines, Inc. $DAL

Entropy Technologies LP bought a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 50,101 shares of the transportation company’s stock, valued at approximately $3,477,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DAL. AlphaQuest LLC boosted its holdings in Delta Air Lines by 90.6% during the 3rd quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 211 shares during the period. Accredited Wealth Management LLC boosted its holdings in Delta Air Lines by 1,983.3% during the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 476 shares during the period. Lloyd Advisory Services LLC. purchased a new position in Delta Air Lines during the 4th quarter valued at about $31,000. SWAN Capital LLC boosted its holdings in Delta Air Lines by 1,016.0% during the 3rd quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 508 shares during the period. Finally, Camelot Portfolios LLC acquired a new stake in Delta Air Lines in the 4th quarter valued at about $34,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DAL. Weiss Ratings lowered Delta Air Lines from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 6th. Zacks Research raised Delta Air Lines from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 15th. Wells Fargo & Company reduced their price target on Delta Air Lines from $87.00 to $75.00 and set an “overweight” rating on the stock in a research report on Monday, March 16th. Wolfe Research reduced their price target on Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Finally, Jefferies Financial Group increased their price target on Delta Air Lines from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $80.85.

Insiders Place Their Bets

In other Delta Air Lines news, EVP John E. Laughter sold 69,304 shares of Delta Air Lines stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $68.15, for a total transaction of $4,723,067.60. Following the transaction, the executive vice president owned 69,369 shares of the company’s stock, valued at $4,727,497.35. The trade was a 49.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Allison C. Ausband sold 9,710 shares of Delta Air Lines stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $76.00, for a total value of $737,960.00. Following the transaction, the executive vice president directly owned 138,854 shares in the company, valued at approximately $10,552,904. This trade represents a 6.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 149,635 shares of company stock valued at $10,833,855 over the last quarter. Company insiders own 0.80% of the company’s stock.

Delta Air Lines Price Performance

Shares of NYSE DAL opened at $83.11 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.42. Delta Air Lines, Inc. has a fifty-two week low of $45.28 and a fifty-two week high of $83.83. The firm has a market capitalization of $54.60 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 1.17 and a beta of 1.30. The stock’s 50-day simple moving average is $73.02 and its 200-day simple moving average is $69.60.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.03. The business had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company earned $0.46 EPS. As a group, equities research analysts forecast that Delta Air Lines, Inc. will post 5.37 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were given a dividend of $0.1875 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.75 annualized dividend and a yield of 0.9%. Delta Air Lines’s payout ratio is 10.93%.

About Delta Air Lines

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.