111 Capital Invests $660,000 in Delta Air Lines, Inc. (NYSE:DAL)

111 Capital acquired a new position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,910 shares of the transportation company's stock, valued at approximately $660,000.

Several other hedge funds have also bought and sold shares of the stock. WASHINGTON TRUST Co boosted its position in Delta Air Lines by 7.5% in the 4th quarter. WASHINGTON TRUST Co now owns 2,150 shares of the transportation company's stock worth $130,000 after purchasing an additional 150 shares in the last quarter. Hemington Wealth Management boosted its position in Delta Air Lines by 48.1% in the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock worth $28,000 after purchasing an additional 154 shares in the last quarter. HighPoint Advisor Group LLC boosted its position in Delta Air Lines by 1.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 8,555 shares of the transportation company's stock worth $554,000 after purchasing an additional 155 shares in the last quarter. DAVENPORT & Co LLC raised its stake in shares of Delta Air Lines by 1.2% during the 4th quarter. DAVENPORT & Co LLC now owns 14,298 shares of the transportation company's stock worth $865,000 after buying an additional 173 shares during the period. Finally, Continuum Advisory LLC raised its stake in shares of Delta Air Lines by 44.2% during the 4th quarter. Continuum Advisory LLC now owns 584 shares of the transportation company's stock worth $35,000 after buying an additional 179 shares during the period. Hedge funds and other institutional investors own 69.93% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DAL. Raymond James reduced their target price on 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. TD Cowen upped their target price on Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, April 10th. Wall Street Zen downgraded Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Citigroup reduced their target price on 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. Finally, UBS Group set a $66.00 target price on Delta Air Lines and gave the stock a "buy" rating in a research note on Monday, May 19th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $62.08.

Delta Air Lines Price Performance

NYSE DAL traded up $0.43 during mid-day trading on Monday, hitting $48.82. The stock had a trading volume of 8,105,984 shares, compared to its average volume of 9,605,952. The firm's 50 day moving average is $44.39 and its 200 day moving average is $55.24. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. 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 stock has a market capitalization of $31.88 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 0.75 and a beta of 1.46.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted 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). Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The firm had revenue of $12.98 billion during the quarter, compared to analyst estimates of $13.85 billion. During the same period in the prior year, the company posted $0.45 earnings per share. The firm's revenue for the quarter was down 5.6% compared to the same quarter last year. Equities research analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, May 13th. Delta Air Lines's dividend payout ratio (DPR) is presently 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.