Dark Forest Capital Management LP Buys Shares of 5,755 Delta Air Lines, Inc. (NYSE:DAL)

Dark Forest Capital Management LP purchased a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,755 shares of the transportation company’s stock, valued at approximately $273,000.

A number of other institutional investors have also modified their holdings of the company. Orion Portfolio Solutions LLC boosted its position in shares of Delta Air Lines by 206.0% in the 4th quarter. Orion Portfolio Solutions LLC now owns 23,620 shares of the transportation company’s stock worth $983,000 after purchasing an additional 15,902 shares in the last quarter. TD Asset Management Inc grew its stake in shares of Delta Air Lines by 1.6% during the fourth quarter. TD Asset Management Inc now owns 192,552 shares of the transportation company’s stock worth $7,746,000 after acquiring an additional 3,059 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Delta Air Lines by 2.8% during the fourth quarter. Stifel Financial Corp now owns 532,947 shares of the transportation company’s stock valued at $21,442,000 after acquiring an additional 14,460 shares in the last quarter. TFO Wealth Partners LLC increased its holdings in shares of Delta Air Lines by 20,838.5% during the fourth quarter. TFO Wealth Partners LLC now owns 5,444 shares of the transportation company’s stock valued at $219,000 after acquiring an additional 5,418 shares in the last quarter. Finally, Scotia Capital Inc. raised its position in shares of Delta Air Lines by 6.6% in the 4th quarter. Scotia Capital Inc. now owns 94,964 shares of the transportation company’s stock valued at $3,820,000 after purchasing an additional 5,909 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Price Performance

NYSE:DAL opened at $51.54 on Monday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.40 and a quick ratio of 0.35. The company has a 50 day moving average price of $42.79 and a 200-day moving average price of $46.55. Delta Air Lines, Inc. has a 1-year low of $30.60 and a 1-year high of $53.86. The firm has a market cap of $33.26 billion, a price-to-earnings ratio of 7.42, a price-to-earnings-growth ratio of 0.90 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.01). Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The firm had revenue of $15.41 billion during the quarter, compared to analyst estimates of $15.45 billion. During the same quarter last year, the company posted $2.68 EPS. The company’s revenue was up 5.4% on a year-over-year basis. Equities research analysts forecast that Delta Air Lines, Inc. will post 6.18 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, October 10th. Delta Air Lines’s dividend payout ratio (DPR) is presently 8.63%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on DAL shares. Sanford C. Bernstein cut their price target on shares of Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating on the stock in a research note on Friday, July 12th. BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. TD Cowen dropped their price target on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Finally, Jefferies Financial Group cut their price objective on Delta Air Lines from $58.00 to $56.00 and set a “buy” rating on the stock in a report on Friday, June 28th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Delta Air Lines has an average rating of “Buy” and an average target price of $61.52.

Insider Activity

In related news, Director Willie Cw Chiang purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were purchased at an average price of $43.90 per share, with a total value of $439,000.00. Following the purchase, the director now owns 20,000 shares of the company’s stock, valued at $878,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.96% of the company’s stock.

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.