Ameriflex Group Inc. Purchases Shares of 5,796 Delta Air Lines, Inc. (NYSE:DAL)

Ameriflex Group Inc. bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,796 shares of the transportation company's stock, valued at approximately $351,000.

A number of other large investors also recently modified their holdings of the company. Boston Partners bought a new position in Delta Air Lines during the fourth quarter valued at $328,398,000. Norges Bank bought a new stake in shares of Delta Air Lines during the fourth quarter worth $152,342,000. Adage Capital Partners GP L.L.C. boosted its position in Delta Air Lines by 405.3% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 3,054,285 shares of the transportation company's stock valued at $184,784,000 after buying an additional 2,449,874 shares during the period. FMR LLC grew its stake in Delta Air Lines by 29.3% in the fourth quarter. FMR LLC now owns 9,955,818 shares of the transportation company's stock worth $602,327,000 after purchasing an additional 2,254,560 shares in the last quarter. Finally, Sanders Capital LLC raised its holdings 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 acquiring an additional 1,922,932 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company's stock.

Delta Air Lines Stock Performance

Shares of DAL stock traded up $0.07 during trading on Thursday, reaching $48.67. The company had a trading volume of 9,052,152 shares, compared to its average volume of 9,592,013. The company has a market capitalization of $31.78 billion, a PE ratio of 9.13, a PEG ratio of 0.75 and a beta of 1.46. 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's 50 day simple moving average is $44.39 and its two-hundred day simple moving average is $55.68. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98.

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

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors 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 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%.

Analyst Upgrades and Downgrades

DAL has been the subject of several research reports. Sanford C. Bernstein reiterated an "outperform" rating on shares of Delta Air Lines in a research note on Tuesday, May 13th. Barclays lowered their price objective on Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Wall Street Zen downgraded shares of Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. UBS Group set a $66.00 target price on Delta Air Lines and gave the company a "buy" rating in a report on Monday, May 19th. Finally, Bank of America reduced their price target on shares of Delta Air Lines from $65.00 to $56.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Delta Air Lines currently has a consensus rating of "Moderate Buy" and a consensus target price 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.