Polymer Capital Management HK LTD Has $408,000 Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Polymer Capital Management HK LTD decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 32.6% in the 4th quarter, Holdings Channel reports. The fund owned 6,742 shares of the transportation company’s stock after selling 3,258 shares during the period. Polymer Capital Management HK LTD’s holdings in Delta Air Lines were worth $408,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Donoghue Forlines LLC acquired a new position in Delta Air Lines during the 4th quarter worth approximately $2,036,000. Geode Capital Management LLC increased its holdings in shares of Delta Air Lines by 2.8% during the third quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock worth $789,452,000 after buying an additional 416,338 shares in the last quarter. Mount Yale Investment Advisors LLC acquired a new stake in shares of Delta Air Lines during the 4th quarter valued at $3,593,000. Global Financial Private Client LLC grew its position in Delta Air Lines by 562.0% during the 4th quarter. Global Financial Private Client LLC now owns 11,260 shares of the transportation company’s stock worth $681,000 after acquiring an additional 9,559 shares during the last quarter. Finally, BluePath Capital Management LLC grew its position in Delta Air Lines by 23.9% during the 4th quarter. BluePath Capital Management LLC now owns 23,657 shares of the transportation company’s stock worth $1,540,000 after acquiring an additional 4,567 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Transactions at Delta Air Lines

In related news, SVP William C. Carroll sold 8,400 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $66.02, for a total transaction of $554,568.00. Following the transaction, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at approximately $1,304,291.12. This represents a 29.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rahul D. Samant sold 17,970 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $69.08, for a total value of $1,241,367.60. Following the completion of the sale, the executive vice president now directly owns 35,889 shares of the company’s stock, valued at $2,479,212.12. This trade represents a 33.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 162,886 shares of company stock valued at $11,116,463 in the last 90 days. 0.96% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DAL has been the topic of a number of recent research reports. Barclays cut their price target on Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. Dbs Bank downgraded shares of Delta Air Lines from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Raymond James decreased their price target on shares of Delta Air Lines from $80.00 to $62.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 2nd. Citigroup cut their price target on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Finally, Bank of America decreased their price objective on Delta Air Lines from $65.00 to $56.00 and set a “buy” rating for the company in a report on Thursday. Three investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.49.

Delta Air Lines Trading Down 4.1 %

NYSE DAL opened at $37.13 on Monday. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. The business has a 50 day simple moving average of $56.32 and a 200 day simple moving average of $58.22. The stock has a market capitalization of $24.00 billion, a P/E ratio of 6.97, a P/E/G ratio of 0.75 and a beta of 1.23.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. During the same quarter last year, the firm posted $1.28 EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Research analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

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

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.