Anderson Hoagland & Co. Sells 6,199 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Anderson Hoagland & Co. cut its stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 9.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,137 shares of the transportation company's stock after selling 6,199 shares during the quarter. Anderson Hoagland & Co.'s holdings in Delta Air Lines were worth $2,709,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hemington Wealth Management increased its stake in Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock worth $28,000 after acquiring an additional 154 shares during the last quarter. Roxbury Financial LLC acquired a new stake in Delta Air Lines in the fourth quarter valued at about $29,000. Crews Bank & Trust acquired a new stake in shares of Delta Air Lines during the 4th quarter valued at approximately $30,000. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Delta Air Lines by 414.4% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company's stock worth $32,000 after acquiring an additional 431 shares during the last quarter. Finally, Graney & King LLC acquired a new position in Delta Air Lines in the 4th quarter valued at $34,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Price Performance

NYSE DAL traded up $0.40 on Thursday, hitting $49.38. 4,396,218 shares of the company's stock were exchanged, compared to its average volume of 9,605,883. The stock has a 50-day moving average of $44.56 and a 200-day moving average of $55.15. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98. The stock has a market cap of $32.24 billion, a price-to-earnings ratio of 9.26, a P/E/G ratio of 0.75 and a beta of 1.51.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $12.98 billion for the quarter, compared to the consensus estimate of $13.85 billion. During the same quarter in the previous year, the company earned $0.45 earnings per share. The firm's revenue for the quarter was down 5.6% on a year-over-year basis. Analysts expect 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 disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.22%. Delta Air Lines's dividend payout ratio is currently 10.64%.

Wall Street Analysts Forecast Growth

DAL has been the subject of a number of recent analyst reports. Susquehanna lowered their price target on shares of Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a report on Monday, April 7th. Dbs Bank lowered shares of Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Bank of America lowered 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 report on Thursday, April 3rd. The Goldman Sachs Group lowered their target price on Delta Air Lines from $83.00 to $60.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Finally, Barclays decreased their price target on Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Three equities 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 stock. Based on data from MarketBeat, the stock presently 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.