Machina Capital S.A.S. Invests $322,000 in Delta Air Lines, Inc. (NYSE:DAL)

Machina Capital S.A.S. purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the fourth quarter, Holdings Channel reports. The firm purchased 5,320 shares of the transportation company’s stock, valued at approximately $322,000.

A number of other hedge funds also recently bought and sold shares of the business. WASHINGTON TRUST Co boosted its position in Delta Air Lines by 7.5% during the fourth quarter. WASHINGTON TRUST Co now owns 2,150 shares of the transportation company’s stock worth $130,000 after purchasing an additional 150 shares in the last quarter. Hemington Wealth Management boosted 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 in the last quarter. Mason & Associates Inc boosted its position in Delta Air Lines by 3.2% during the fourth quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company’s stock worth $308,000 after purchasing an additional 160 shares in the last quarter. DAVENPORT & Co LLC boosted its position in Delta Air Lines by 1.2% during the fourth quarter. DAVENPORT & Co LLC now owns 14,298 shares of the transportation company’s stock worth $865,000 after purchasing an additional 173 shares in the last quarter. Finally, Armstrong Advisory Group Inc. boosted its position in Delta Air Lines by 10.6% during the fourth quarter. Armstrong Advisory Group Inc. now owns 1,820 shares of the transportation company’s stock worth $110,000 after purchasing an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Rahul D. Samant sold 38,023 shares of Delta Air Lines stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total value of $2,467,312.47. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP William C. Carroll sold 8,400 shares of Delta Air Lines stock in a transaction on Friday, January 17th. The shares were sold at an average price of $66.02, for a total value of $554,568.00. Following the completion of the sale, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at $1,304,291.12. The trade was a 29.83 % 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 valued at $11,116,463 over the last quarter. 0.96% of the stock is owned by insiders.

Delta Air Lines Price Performance

NYSE:DAL opened at $53.18 on Monday. Delta Air Lines, Inc. has a one year low of $37.29 and a one year high of $69.98. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The stock has a market cap of $34.38 billion, a PE ratio of 9.98, a P/E/G ratio of 0.75 and a beta of 1.34. The stock has a 50 day moving average price of $63.68 and a 200 day moving average price of $57.88.

Delta Air Lines (NYSE:DAL) last posted 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. The company had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.28 earnings per share. Equities research analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 1.13%. Delta Air Lines’s dividend payout ratio (DPR) is 11.26%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DAL shares. TD Cowen increased their price target 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. Deutsche Bank Aktiengesellschaft raised their target price on Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. The Goldman Sachs Group restated a “buy” rating and issued a $83.00 target price on shares of Delta Air Lines in a research report on Friday, November 15th. Jefferies Financial Group raised their target price on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Barclays raised their target price on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Fourteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $78.22.

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.