B. Riley Wealth Advisors Inc. Reduces Holdings in Delta Air Lines, Inc. (NYSE:DAL)

B. Riley Wealth Advisors Inc. decreased its stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 23.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,762 shares of the transportation company's stock after selling 5,197 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Delta Air Lines were worth $1,014,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Ameriflex Group Inc. bought a new position in shares of Delta Air Lines in the 4th quarter worth $351,000. United Advisor Group LLC bought a new position in shares of Delta Air Lines in the 4th quarter worth $373,000. Ascent Group LLC bought a new position in shares of Delta Air Lines in the 4th quarter worth $229,000. Mackenzie Financial Corp increased its holdings in shares of Delta Air Lines by 317.0% in the 4th quarter. Mackenzie Financial Corp now owns 319,388 shares of the transportation company's stock worth $19,323,000 after buying an additional 242,796 shares during the last quarter. Finally, Forum Financial Management LP increased its holdings in shares of Delta Air Lines by 22.3% in the 4th quarter. Forum Financial Management LP now owns 11,471 shares of the transportation company's stock worth $694,000 after buying an additional 2,094 shares during the last quarter. Institutional investors own 69.93% of the company's stock.

Delta Air Lines Trading Down 0.2%

Delta Air Lines stock traded down $0.11 during trading hours on Friday, reaching $48.39. The stock had a trading volume of 9,187,098 shares, compared to its average volume of 9,604,605. The stock has a market cap of $31.60 billion, a PE ratio of 9.08, a PEG ratio of 0.75 and a beta of 1.46. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week 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 company has a fifty day simple moving average of $44.38 and a 200-day simple moving average of $55.47.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). The firm had revenue of $12.98 billion during the quarter, compared to the consensus estimate of $13.85 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. Delta Air Lines's revenue was down 5.6% on a year-over-year basis. During the same period last year, the business earned $0.45 EPS. Analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Tuesday, May 13th. Delta Air Lines's dividend payout ratio (DPR) is presently 10.64%.

Analyst Ratings Changes

A number of brokerages have recently commented on DAL. Bank of America decreased 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. Citigroup reduced their target price on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Barclays reduced their target price 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. Jefferies Financial Group reaffirmed a "hold" rating and set a $46.00 target price (down previously from $85.00) on shares of Delta Air Lines in a report on Tuesday, April 1st. Finally, Dbs Bank lowered shares of Delta Air Lines from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Three equities research 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 stock 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.