Deutsche Bank AG Grows Stake in Delta Air Lines, Inc. (NYSE:DAL)

Deutsche Bank AG boosted its position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 23.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,441,828 shares of the transportation company's stock after acquiring an additional 270,215 shares during the quarter. Deutsche Bank AG owned 0.22% of Delta Air Lines worth $87,231,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. EHP Funds Inc. boosted its stake in Delta Air Lines by 339.0% during the fourth quarter. EHP Funds Inc. now owns 18,000 shares of the transportation company's stock valued at $1,089,000 after buying an additional 13,900 shares during the last quarter. Corton Capital Inc. purchased a new stake in shares of Delta Air Lines in the fourth quarter valued at approximately $219,000. Crestline Management LP boosted its holdings in shares of Delta Air Lines by 147.6% during the 4th quarter. Crestline Management LP now owns 124,109 shares of the transportation company's stock worth $7,509,000 after purchasing an additional 73,983 shares during the last quarter. Castle Hook Partners LP boosted its holdings in shares of Delta Air Lines by 27.4% during the 4th quarter. Castle Hook Partners LP now owns 4,746,535 shares of the transportation company's stock worth $287,165,000 after purchasing an additional 1,019,498 shares during the last quarter. Finally, Centiva Capital LP lifted its holdings in Delta Air Lines by 229.0% in the fourth quarter. Centiva Capital LP now owns 25,288 shares of the transportation company's stock valued at $1,530,000 after acquiring an additional 17,602 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Bank of America cut their price objective on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. UBS Group increased their target price on shares of Delta Air Lines from $42.00 to $46.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Susquehanna reduced their price objective 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. Raymond James dropped their price objective on shares of Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 2nd. Finally, TD Cowen lifted their price target on shares of Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, April 10th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $60.42.

Delta Air Lines Stock Down 0.6%

Shares of DAL stock traded down $0.29 during mid-day trading on Thursday, hitting $50.29. The stock had a trading volume of 7,782,375 shares, compared to its average volume of 9,473,300. 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 firm has a market capitalization of $32.84 billion, a P/E ratio of 9.44, a price-to-earnings-growth ratio of 0.75 and a beta of 1.46. Delta Air Lines, Inc. has a 12-month low of $34.74 and a 12-month high of $69.98. The firm's 50-day moving average is $43.86 and its two-hundred day moving average is $56.32.

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

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.19%. The ex-dividend date is Tuesday, May 13th. Delta Air Lines's payout ratio is currently 10.64%.

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.