Bristol John W & Co. Inc. NY Lowers Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Bristol John W & Co. Inc. NY reduced its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 2.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,850,534 shares of the transportation company's stock after selling 42,457 shares during the period. Delta Air Lines makes up 1.8% of Bristol John W & Co. Inc. NY's investment portfolio, making the stock its 23rd largest holding. Bristol John W & Co. Inc. NY owned about 0.29% of Delta Air Lines worth $111,957,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of DAL. Heck Capital Advisors LLC purchased a new position in shares of Delta Air Lines during the fourth quarter worth about $128,000. Ameriflex Group Inc. acquired a new stake in Delta Air Lines during the 4th quarter worth approximately $351,000. United Advisor Group LLC purchased a new position in shares of Delta Air Lines in the 4th quarter valued at approximately $373,000. Ascent Group LLC acquired a new position in shares of Delta Air Lines in the fourth quarter valued at approximately $229,000. Finally, Mackenzie Financial Corp increased its holdings in shares of Delta Air Lines by 317.0% in the fourth quarter. Mackenzie Financial Corp now owns 319,388 shares of the transportation company's stock valued at $19,323,000 after purchasing an additional 242,796 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Citigroup lowered their price objective on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. 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 on the stock in a report on Wednesday, April 2nd. Wall Street Zen lowered 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 price target on shares of Delta Air Lines and gave the stock a "buy" rating in a report on Monday, May 19th. Finally, Bank of America lowered their price objective on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Three investment 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 stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $62.08.

Delta Air Lines Price Performance

Delta Air Lines stock traded down $0.11 during mid-day trading on Friday, reaching $48.39. The company had a trading volume of 9,186,770 shares, compared to its average volume of 9,585,886. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98. The company has a market capitalization of $31.60 billion, a P/E ratio of 9.08, a P/E/G ratio of 0.75 and a beta of 1.46. The stock's 50-day simple moving average is $44.38 and its 200-day simple moving average is $55.58. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32.

Delta Air Lines (NYSE:DAL - Get Free Report) last released 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 return on equity of 30.41% and a net margin of 5.61%. The business had revenue of $12.98 billion during the quarter, compared to analysts' expectations of $13.85 billion. During the same quarter in the prior year, the firm earned $0.45 earnings per share. Delta Air Lines's quarterly revenue was down 5.6% on a year-over-year basis. On average, equities analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The company 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 annualized dividend and a yield of 1.24%. The ex-dividend date is Tuesday, May 13th. Delta Air Lines's payout ratio is 10.64%.

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.