Ethic Inc. Makes New $474,000 Investment in Delta Air Lines, Inc. (NYSE:DAL)

Ethic Inc. purchased a new stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,828 shares of the transportation company's stock, valued at approximately $474,000.

Other large investors have also recently modified their holdings of the company. New Wave Wealth Advisors LLC bought a new position in Delta Air Lines in the fourth quarter worth approximately $27,000. Hemington Wealth Management raised its stake in Delta Air Lines by 48.1% in the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock worth $28,000 after buying an additional 154 shares in the last quarter. Roxbury Financial LLC bought a new position in Delta Air Lines in the fourth quarter worth approximately $29,000. Crews Bank & Trust acquired a new position in shares of Delta Air Lines during the fourth quarter worth $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Delta Air Lines by 414.4% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company's stock worth $32,000 after purchasing an additional 431 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company's stock.

Delta Air Lines Price Performance

Shares of NYSE:DAL traded up $0.23 during trading on Monday, reaching $51.15. 8,089,070 shares of the company's stock traded hands, compared to its average volume of 9,516,891. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $69.98. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The firm has a market cap of $33.40 billion, a PE ratio of 9.60, a P/E/G ratio of 0.75 and a beta of 1.46. The company has a 50-day simple moving average of $43.94 and a 200-day simple moving average of $56.22.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its 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 for the quarter, compared to analyst estimates of $13.85 billion. During the same quarter last year, the business earned $0.45 earnings per share. Delta Air Lines's revenue was down 5.6% on a year-over-year basis. As a group, analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current 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 annualized dividend and a yield of 1.17%. The ex-dividend date is Tuesday, May 13th. Delta Air Lines's payout ratio is 10.64%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. TD Cowen upped their price target on Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, April 10th. Raymond James dropped their price objective on shares of Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 2nd. Jefferies Financial Group reissued a "hold" rating and set a $46.00 price objective (down from $85.00) on shares of Delta Air Lines in a report on Tuesday, April 1st. Bank of America dropped their price objective on shares of Delta Air Lines from $65.00 to $56.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Finally, Barclays dropped their price objective on shares of Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $62.08.

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.