Cresset Asset Management LLC Lowers Stake in Delta Air Lines, Inc. (NYSE:DAL)

Cresset Asset Management LLC lessened its position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 70.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,932 shares of the transportation company's stock after selling 40,239 shares during the period. Cresset Asset Management LLC's holdings in Delta Air Lines were worth $1,024,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Delta Air Lines by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 72,410,242 shares of the transportation company's stock valued at $4,380,820,000 after buying an additional 456,465 shares in the last quarter. Sanders Capital LLC grew its stake in shares of Delta Air Lines by 6.9% in the fourth quarter. Sanders Capital LLC now owns 29,764,524 shares of the transportation company's stock valued at $1,800,754,000 after buying an additional 1,922,932 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Delta Air Lines by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 15,912,584 shares of the transportation company's stock valued at $968,234,000 after buying an additional 410,648 shares in the last quarter. Capital World Investors grew its stake in shares of Delta Air Lines by 0.3% in the fourth quarter. Capital World Investors now owns 15,180,467 shares of the transportation company's stock valued at $918,419,000 after buying an additional 46,101 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Delta Air Lines by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,090,209 shares of the transportation company's stock valued at $670,994,000 after buying an additional 92,208 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DAL. Bank of America reduced their price target on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. UBS Group increased their price target on Delta Air Lines from $42.00 to $46.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. TD Cowen increased their price target on Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, April 10th. Barclays reduced their price target on Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Raymond James reduced their price target on 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 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $61.37.

Delta Air Lines Stock Up 5.9%

NYSE DAL opened at $51.21 on Tuesday. 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 stock's 50 day moving average is $43.95 and its two-hundred day moving average is $56.38. The company has a market capitalization of $33.43 billion, a price-to-earnings ratio of 9.61, a PEG 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.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results 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 business had revenue of $12.98 billion during 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 firm's revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.45 earnings per share. Equities analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.17%. Delta Air Lines's dividend payout ratio is 10.64%.

Delta Air Lines 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.

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