Delta Air Lines, Inc. (NYSE:DAL) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 21.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 145,240 shares of the transportation company's stock after purchasing an additional 25,406 shares during the period. Asset Management One Co. Ltd.'s holdings in Delta Air Lines were worth $6,332,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC grew its stake in 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 valued at $32,000 after purchasing an additional 431 shares during the last quarter. Graney & King LLC bought a new stake in shares of Delta Air Lines in the 4th quarter valued at about $34,000. Continuum Advisory LLC grew its position in shares of Delta Air Lines by 44.2% in 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 last quarter. Crowley Wealth Management Inc. bought a new position in shares of Delta Air Lines during the 4th quarter worth approximately $45,000. Finally, Millstone Evans Group LLC purchased a new stake in Delta Air Lines during the fourth quarter valued at approximately $46,000. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Price Performance

Shares of NYSE:DAL traded down $0.42 during trading on Monday, reaching $49.17. The stock had a trading volume of 12,526,996 shares, compared to its average volume of 9,779,150. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.33 and a current ratio of 0.38. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $69.98. The stock has a market cap of $32.11 billion, a PE ratio of 8.72, a PEG ratio of 2.51 and a beta of 1.51. The business has a fifty day moving average price of $47.46 and a 200-day moving average price of $53.28.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly 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 28.18% and a net margin of 5.91%. The business had revenue of $12.98 billion during the quarter, compared to analysts' expectations of $13.85 billion. During the same period in the prior year, the business posted $0.45 earnings per share. The business's quarterly revenue was down 5.6% on a year-over-year basis. On average, equities analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, July 31st will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Thursday, July 31st. This is a boost from Delta Air Lines's previous quarterly dividend of $0.15. Delta Air Lines's dividend payout ratio (DPR) is currently 10.64%.

Analyst Upgrades and Downgrades

DAL has been the subject of a number of recent analyst reports. TD Cowen raised their price objective 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. The Goldman Sachs Group lowered their target price on shares of Delta Air Lines from $83.00 to $60.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Wall Street Zen downgraded shares of Delta Air Lines from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Bank of America lowered their price objective on shares of Delta Air Lines from $65.00 to $56.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Finally, Dbs Bank lowered Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Delta Air Lines currently has an average rating of "Moderate Buy" and an average price target of $61.67.

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.