Delta Air Lines, Inc. (NYSE:DAL) Shares Purchased by Comerica Bank

Comerica Bank grew its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 12.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 122,092 shares of the transportation company's stock after buying an additional 13,090 shares during the quarter. Comerica Bank's holdings in Delta Air Lines were worth $7,387,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. New Wave Wealth Advisors LLC purchased a new position in Delta Air Lines during the 4th quarter valued at about $27,000. Hemington Wealth Management boosted its position 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 acquiring an additional 154 shares in the last quarter. Roxbury Financial LLC purchased a new position in shares of Delta Air Lines in the 4th quarter valued at $29,000. Crews Bank & Trust purchased a new stake in shares of Delta Air Lines during the 4th quarter worth $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake in Delta Air Lines by 414.4% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company's stock valued at $32,000 after purchasing an additional 431 shares during the last quarter. Institutional investors own 69.93% of the company's stock.

Delta Air Lines Price Performance

Shares of NYSE DAL traded up $0.56 during mid-day trading on Wednesday, reaching $45.37. The company's stock had a trading volume of 8,672,103 shares, compared to its average volume of 9,269,599. The stock has a market capitalization of $29.62 billion, a P/E ratio of 8.51, a P/E/G ratio of 0.75 and a beta of 1.46. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $69.98. The stock has a 50-day moving average of $44.67 and a two-hundred day moving average of $56.55. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.38). The company had revenue of $12.98 billion for the quarter, compared to analyst estimates of $13.85 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The company's revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 earnings per share. On average, equities research analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Tuesday, May 13th. Delta Air Lines's dividend payout ratio is currently 10.64%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. TD Cowen lifted their price objective on shares of Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, April 10th. Dbs Bank lowered Delta Air Lines from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. StockNews.com cut Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Jefferies Financial Group restated a "hold" rating and set a $46.00 price target (down previously from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. Finally, 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 report on Wednesday, April 2nd. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Delta Air Lines currently has a consensus rating of "Moderate Buy" and an average price target of $61.06.

Insiders Place Their Bets

In other Delta Air Lines 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 sale, the executive vice president now owns 52,789 shares in the company, valued at $3,425,478.21. The trade was a 41.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.96% of the stock is owned by insiders.

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.