Cetera Investment Advisers Decreases Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Cetera Investment Advisers lowered its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 3.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 211,071 shares of the transportation company's stock after selling 7,510 shares during the period. Cetera Investment Advisers' holdings in Delta Air Lines were worth $12,770,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. WASHINGTON TRUST Co increased its stake in Delta Air Lines by 7.5% during the 4th quarter. WASHINGTON TRUST Co now owns 2,150 shares of the transportation company's stock valued at $130,000 after purchasing an additional 150 shares in the last quarter. Hemington Wealth Management increased its stake in Delta Air Lines by 48.1% during the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock valued at $28,000 after purchasing an additional 154 shares in the last quarter. HighPoint Advisor Group LLC increased its stake in Delta Air Lines by 1.8% during the 4th quarter. HighPoint Advisor Group LLC now owns 8,555 shares of the transportation company's stock valued at $554,000 after purchasing an additional 155 shares in the last quarter. Mason & Associates Inc increased its stake in Delta Air Lines by 3.2% during the 4th quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company's stock valued at $308,000 after purchasing an additional 160 shares in the last quarter. Finally, DAVENPORT & Co LLC increased its stake in Delta Air Lines by 1.2% during the 4th quarter. DAVENPORT & Co LLC now owns 14,298 shares of the transportation company's stock valued at $865,000 after purchasing an additional 173 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company's stock.

Delta Air Lines Stock Up 1.7%

Delta Air Lines stock traded up $0.87 on Friday, hitting $51.15. 3,471,651 shares of the stock traded hands, compared to its average volume of 9,465,530. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The firm has a market cap of $33.40 billion, a P/E ratio of 9.59, a price-to-earnings-growth ratio of 0.75 and a beta of 1.46. The business's fifty day simple moving average is $43.86 and its 200 day simple moving average is $56.28. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.38). The firm had revenue of $12.98 billion for the quarter, compared to analysts' expectations of $13.85 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business's quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 EPS. As a group, sell-side analysts forecast 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. Investors of record on Tuesday, May 13th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $0.60 annualized dividend and a yield of 1.17%. Delta Air Lines's payout ratio is 10.64%.

Analysts Set New Price Targets

Several analysts have recently issued reports on DAL shares. Citigroup reduced their target price on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. Barclays reduced their price target on shares of Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Susquehanna reduced their price target on shares of Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a research report on Monday, April 7th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Delta Air Lines in a report on Tuesday. Finally, StockNews.com downgraded shares of Delta Air Lines from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Delta Air Lines currently has a consensus rating of "Moderate Buy" and an average price target of $60.42.

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.